Small-cap Stock Under ₹50 Allocates Equity Against Warrants to Mauritius-Based FII

Bhatia Communications & Retail Updates on Equity Share Allotment

Market Capitalisation: ₹285 crore

Key Developments:

• The board of directors of Bhatia Communications & Retail approved the allotment of equity shares upon the conversion of warrants at its meeting held on March 9, 2026.
• 1.05 crore equity shares with a face value of ₹1 each were allotted at an issue price of ₹23.75 per share, including a premium of ₹22.75 per share, to members of the promoter group and Forbes EMF, a Mauritius-based Foreign Institutional Investor (FII).

Read also: SpaceX Seeks Record $75 Billion IPO, Potentially Positioning Elon Musk as the World's First Trillionaire

Allotment Details:

• Forbes EMF received the largest allocation of 50 lakh equity shares, while Hema Sanjeev Bhatia and Garima Nikhil Bhatia were each allotted 25 lakh shares. Pankajkumar Kishorkumar Ahuja and Rahul Rajkumar Chawla were allotted 2.5 lakh shares each.

Financial Performance:

• Revenue from operations for Q3FY26 stood at ₹174.54 crore, a 37.6% increase from ₹126.80 crore in the same quarter last year.
• EBITDA for Q3FY26 was ₹7.36 crore, with margins expanding to 4.3% from 4.2%.
• Net profit for Q3FY26 was ₹4.90 crore, a 37% increase from ₹3.58 crore in the December 2024 quarter.

Read also: SMR Jewels IPO Successfully Lists with Institutional Support

Share Price Trends:

• The stock price has fallen 28.2% over the last six months, reaching ₹21.94 apiece.
• The decline has left the stock trading 63% below its record peak of ₹59.50, touched in October 2022.
• The stock has fallen 9% so far this year, with a yearly performance decline of 17.55% in CY25.