Financial Results for the Year and Quarter ended on 31.03.2026
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Vellora Impact Limited (formerly Pratiksha Chemicals) reported audited financial results with a QUALIFIED OPINION from auditors Chandabhoy & Jassoobhoy. The qualification stems from two issues: (1) non-compliance with Ind AS-1 regarding accounting for Gratuity and Leave encashment on cash basis instead of accrual basis, and (2) the company discontinued its manufacturing operations during the year and sold machinery/building assets at better-than-expected values, resulting in reversal of impairment losses. From January 2026, the company pivoted its business objective to Information Technology services (software development, mobile apps, websites, ERP, cloud services, IT consultancy). Financials show revenue declined from Rs 605.90 lakh (FY25) to Rs 467.33 lakh (FY26), though PAT turned positive at Rs 499.28 lakh (vs loss of Rs 766.47 lakh in FY25) driven by asset sale gains and impairment reversals. Equity improved from negative Rs 403.42 lakh to positive Rs 95.86 lakh. The Board also appointed Mr. Shivrajsinh Chudasama as Additional Non-Executive Non-Independent Director.
The qualified auditor opinion and the fundamental business pivot from chemicals to IT services signal material uncertainty about the company's future direction. Revenue decline and heavy reliance on one-time gains (asset sale, impairment reversal) raise concerns about underlying operational profitability. Shareholders should monitor whether the new IT services business can generate sustainable revenue.