with respect to discrepancy observed by stock exchange, we have attached revised financial results for the quarter and half year ended on 30th September, 2025
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Awaiting price reaction for this filing.
Vaghani Techno-Build refiled its Q2 and H1 FY26 standalone results with BSE after the exchange flagged an XBRL filing error: the company had inadvertently tagged results as 'Half Yearly' instead of 'Quarterly'. The company confirmed there is no change in the actual numbers, only in the filing tags and a missing segment-wise column in the earlier PDF. H1 FY26 (April–September 2025) revenue from operations stood at ₹59.80 lakhs with total income of ₹68.90 lakhs and profit after tax of ₹34.14 lakhs (EPS ₹0.65). Standalone Q2 FY26 revenue was ₹14.80 lakhs and PAT ₹9.57 lakhs. The auditor (Purushottam Khandelwal & Co.) issued a clean limited-review report but flagged three emphasis-of-matter items: (1) inherent valuation risk on TDR development inventory, (2) preferential allotment of 2.35 crore convertible warrants at ₹11 each with only 25% upfront money received, and (3) a ₹205.97 lakh related-party loan at 9% interest with no formal written agreement.
The refiling itself is procedural and does not change reported numbers, so near-term share-price impact should be limited. However, the auditor's flags on related-party lending without a written agreement, the partly-funded large warrant issue, and TDR valuation uncertainty are governance red flags investors should watch. The H1 PAT of ₹34.14 lakhs has already surpassed the full-year FY25 PAT of ₹22.79 lakhs, indicating strong year-to-date profitability.