Please refer the attached document for outcome of Board Meeting held today
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
V.R. Woodart Limited (Scrip Code: 523888) announced Q1 FY26 (quarter ended June 30, 2025) unaudited results showing zero revenue from operations and a total loss of Rs. 37.56 lakhs, compared to a loss of Rs. 6.77 lakhs in the year-ago quarter. The auditor (Thakur Vaidyanath Aiyar & Co.) issued an Emphasis of Matter noting that the company's net worth is fully eroded (negative other equity of Rs. 1,701.67 lakhs) and that operations have been limited, with accounts still prepared on a going concern basis. The board also accepted the resignation of Mr. Anwar Shaikh as CFO (he continues as Whole Time Director), appointed Mr. Sudesh Pingale as the new CFO, approved the 35th AGM notice for September 15, 2025, and recommended a preferential issue of ~1.4 crore equity shares and ~1.21 crore convertible warrants at Rs. 22 each to bring in new promoters. A Secretarial Auditor was also appointed for a five-year term (FY26–FY30).
This is a materially negative filing for shareholders — the company is loss-making, has no operating revenue, fully eroded net worth, and an auditor-flagged going concern risk. The stock price is likely to remain under pressure unless the proposed preferential issue and change in promoters successfully revive operations and clear outstanding liabilities.