Outcome of 49th AGM held on 30th September, 2026

Date: 30/09/2026 National Stock Exchange of India BSE Limited Limited Listing Compliance Exchange Plaza, Department Bandra Kurla Complex, Floor 25, P J Towers, Bandra (East), Mumbai – 400051 Dalal Street, Mumbai – Maharashtra, India. 400001 Maharashtra, India. Symbol: BHARATIDIL Scrip Code: 532609 Dear Sir/Madam, Sub: Summary of proceedings of the 49th Annual General Mee(cid:415)ng (AGM) held on Wednesday, September 30, 2026. Pursuant to Regula(cid:415)on 30 of the SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015, please find enclosed a summary of the proceedings of the 49th Annual General Mee(cid:415)ng (AGM) of the Company held on Wednesday, September 30, 2026 at 11:00 am (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM) and deemed at the registered office of the company situated at Office-1001 Quantum Tower, Off S.V., Road, Ram Baug, Malad, Mumbai, Maharashtra, India, 400064, in accordance with the applicable circular(s) issued by the Ministry of Corporate Affairs and the Securi(cid:415)es and Exchange Board of India. You are requested to kindly take the same on record. Thanking you. Yours faithfully, For, Bhara(cid:415) Defence and Infrastructure Limited Sandeep Agarwal Managing Director DIN:01295136 Proceedings of the 49th Annual General Meeting ('AGM') of the Company Date, time, venue and mode of the Meeting The 49th Annual General Meeting (AGM) of Bharati Defence and Infrastructure Limited was held on Wednesday, September 30, 2026 at 11:00 A.M. (IST) at the Registered Office of the Company at Office No. 1001, Quantum Tower, Off S.V. Road, Ram Baug, Malad West, Mumbai, Maharashtra, India - 400064, with the facility for Members to participate through Video Conferencing (VC) / Other Audio-Visual Means (OAVM), in compliance with the applicable provisions of the Companies Act, 2013 (as amended) and the rules made thereunder, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), Secretarial Standard-2, and the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The physical venue was at the registered office of the company. The AGM commenced at [11:00 A.M.] (IST). Brief details of the proceedings of the Meeting Mr. Sandeep Agarwal, chaired the Meeting. Mr. V. Gopalakrishnan, CFO welcomed the Members to the Meeting and briefed them on the arrangements for participation, both at the physical venue and through VC / OAVM. The requisite quorum under Section 103 of the Companies Act, 2013 was present. Members attending through VC / OAVM were counted for the purpose of reckoning the quorum. Thereafter, the Chief Financial Officer introduced the Directors present at the Meeting, including the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, who attended the Meeting in person at the venue & through VC. He informed the Members that Mr. Hitesh Jain, Partner of A.K Kochhar, Statutory Auditors of the Company, was present at the Meeting. Mr. Vrushil Vinod Shah, Authorised Representative of M/s. C. B. Jain & Associates, Practicing Company Secretaries, was also present at the Meeting. Mr. Chirag Jain, C.B. Jain & Associates, Practising Company Secretary (Membership No. A37337 and COP No. 13973), was also present in his capacity as the Scrutinizer for scrutinising the remote e- voting and e-voting at the AGM. The Members were informed that, since the AGM was held at a physical venue, Members attending in person were entitled to appoint proxies. The Company has not received valid proxy form(s), and the Register of Proxies was available for inspection. The facility for appointment of proxies was not available to Members attending through VC / OAVM. He informed the Members that the Register of Directors and Key Managerial Personnel and their shareholding, the Register of Contracts or Arrangements in which Directors are interested, and the other documents referred to in the Notice were available for inspection at the Meeting and electronically. A total of 56 Members were present at the AGM, of which 7 attended in person and 49 attended through VC / OAVM. 4 Directors, including 2 Independent Directors, were present at the Meeting. Chairman's address Thereafter, the Chief Financial Officer requested the Chairman to address the Members. The key points of the Chairman's address are summarised below:- The Chairman welcomed the Members to the 49th Annual General Meeting of Bharati Defence and Infrastructure Limited (formerly Bharati Shipyard Limited) and addressed them on the Company's financial performance for FY 2025-26, operational developments and outlook. In conclusion, the Chairman, on behalf of the Board of Directors, thanked the shareholders, bankers, business partners and employees for their continued support. Opening Remarks – National & Global Outlook The Chairman observed that the global environment during the year continued to be shaped by geopolitical tensions, ongoing conflicts and shifting trade and supply-chain alignments. These developments have led nations across the world to place greater emphasis on defence preparedness, technological self-reliance and secure, resilient supply chains. He noted that the nature of modern warfare is changing rapidly, with increasing reliance on secure communications, unmanned and autonomous systems and network-centric operations. On the national front, the Chairman stated that India continues to be among the fastest-growing major economies. He highlighted that the Government's sustained focus on Atmanirbhar Bharat and Make in India, the indigenisation of defence equipment and the promotion of domestic defence manufacturing and exports are creating significant opportunities for Indian companies in the defence and maritime sectors. He stated that, with its five-decade legacy in shipbuilding and maritime infrastructure and its growing capabilities in next-generation defence technologies, the Company is well placed to participate in these opportunities. Company Performance FY 2025-26 The Chairman informed the Members that FY 2025-26 marked further progress in the Company's renewed journey following the change in management and control pursuant to the Order of the Hon'ble National Company Law Tribunal (NCLT) dated April 29, 2024 and the closure of the liquidation proceedings in January 2025. He stated that the Company had moved forward on the four priorities outlined in his previous address, namely strengthening governance, reviving operations, pursuing strategic opportunities and rebuilding stakeholder confidence. The Chairman highlighted the Company's financial performance for FY 2025-26. Revenue from operations increased by 24.09% to ₹2,891.09 lakh, compared with ₹2,329.84 lakh in the previous financial year, and total income increased by 15.26% to ₹2,905.84 lakh from ₹2,520.97 lakh. He noted that revenue during the year was generated from the sale of products and services, whereas revenue in the previous year had largely comprised the sale of scrap and assets. Profit before exceptional items and tax increased by 10.10% to ₹1,572.80 lakh from ₹1,428.58 lakh. The Chairman explained that the Company reported a net loss of ₹31,273.19 lakh for the year, as against a net profit of ₹1,428.58 lakh in the previous year. The loss was primarily attributable to a one-time exceptional item of ₹32,835.47 lakh, recognised pursuant to the Acquisition Plan approved by the Hon'ble NCLT, on account of the write-off/reversal of certain assets and liabilities pertaining to the period prior to the acquisition, which were assessed as non-recoverable, non-existent or no longer payable. He emphasised that, excluding this exceptional item, the Company's underlying operating performance had improved. With a view to conserving resources, the Board had not recommended any dividend for the year. The Chairman informed the M [Showing first 8,000 characters — download PDF for full document]