Bharati Defence board approves merger with Exicom and Hind Simulation on June 17, 2026
Bharati Defence has approved a merger with Exicom and Hind Simulation, but also reported a FY26 net loss of 3127.32 crore rupees driven mainly by exceptional items of 3283.55 crore rupees tied to IBC restructuring write-offs. Revenue rose to 28.91 crore rupees, while EPS swung from a profit of 0.28 to a loss of 6.22. The merger is a related-party transaction and requires a SEBI exemption from minimum public shareholding rules.