Belrise Industries Limited’s Board of Directors, in a meeting held on November 13, 2026, approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The board also approved a fresh Scheme of Amalgamation with its wholly-owned subsidiary, H One India Private Limited, and the incorporation of a Special Purpose Vehicle for the PM SETU Project. Amendments to related party transaction policies were also cleared.
Board Meeting Outcomes
Belrise Industries Limited announced the key outcomes from its Board of Directors meeting held on Friday, November 13, 2026. The meeting, which commenced at 4:05 PM IST and concluded at 5:15 PM IST, saw the approval of several significant business items.
Financial Results and Review
The Board considered and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Accompanying these results is a Limited Review Report issued by the Joint statutory auditors, which provided an unmodified opinion. These financial results are available on the company’s website under the ‘Investor Relations’ tab.
Strategic Business Approvals
Key strategic decisions made by the Board include:
- The incorporation of a Special Purpose Vehicle (SPV) under the PM SETU Project, with the approval of its Shareholders Agreement (SHA). Further details will be disclosed in due course as required by SEBI Listing Regulations.
- An amendment to the policy on materiality of related party transactions and on dealing with related party transactions.
- Approval of a Scheme of Amalgamation between H One India Private Limited and Belrise Industries Limited. This approval is in accordance with Section 232(2)(c) of the Companies Act, 2013, and relevant rules. Additional information will be disclosed as per SEBI Listing Regulations.
Auditors’ Report and Conclusion
The accompanying consolidated financial results for the quarter and year-to-date ended September 30, 2026, were subject to a limited review by joint auditors Shailesh Haribhakti & Associates and Rathi Rathi and Co. They concluded with an unmodified opinion, stating that nothing came to their attention that caused them to believe the statement contained any material misstatement.
Source: BSE
