BSE to lift direct stake in bullion holding company to 20%, posts higher Q1 profit

At its meeting on 4 August 2026, BSE Limited's board considered and approved three items: the unaudited consolidated and standalone results for the quarter ended 30 June 2026; the appointment of new statutory auditors; and a further acquisition of shares in India International Bullion Holding IFSC Limited (IIBH). The statutory auditors' limited-review reports on the results carried no modification.

The consolidated results show a marked step-up over the same quarter a year earlier, with revenue from operations and net profit both climbing year-on-year on higher operating income. BSE notes it operates in a single business segment — facilitating trading in securities and related services — so the growth reflects core exchange activity rather than any segment reshuffle. The standalone results move in the same direction. The specific figures are set out in the key-numbers panel.

BSE will buy 50,00,00,000 equity shares of IIBH from two of its own subsidiaries — India International Exchange (IFSC) Limited and India International Clearing Corporation (IFSC) Limited — through a secondary purchase for cash. The point of the move is to hold the stake directly in BSE rather than through subsidiaries, lifting BSE's direct shareholding from 3.33% to 20% and making IIBH a direct associate. IIBH is a holding vehicle for bullion exchange and depository operations at GIFT IFSC, Gandhinagar. The filing states this is a related-party transaction to be done at arm's length, that SEBI approval was received on 13 July 2026, and that completion remains subject to requisite approvals.

The board also approved appointing M/s KKC & Associates LLP as statutory auditors for five years — from the conclusion of the 22nd AGM (to be held in FY2027-28) until the 27th AGM (FY2032-33) — subject to shareholder approval. The incumbent, S.R. Batliboi & Co. LLP, will continue until the 22nd AGM, completing its second term.