Please find enclosed the result for the quarter and year ended 31st March 2025.

Vaarad Ventures Ltd submitted its audited financial results for the quarter and year ended March 31, 2025, approved at the board meeting held on May 29, 2025. The auditor, J D Jhaveri & Associates, issued a clean (unmodified) opinion on both the consolidated and standalone financial statements, confirming no adverse comments. The standalone report references a 'loss' for the year, indicating negative profitability at the standalone level. The auditor noted reliance on management-certified unaudited financials of subsidiaries, as these subsidiaries were not audited for FY25. The company operates in a single segment (specialty petroleum products). Disclosed pending disputes include a sales tax matter of Rs 49.34 lakhs and an income tax matter of Rs 51.44 lakhs. No fraud was reported, statutory dues are regular, and internal financial controls were found adequate and operating effectively.