Vaarad Ventures posts Rs 171 lakh loss in Q1 FY27, director changes approved
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Board approved Q1FY27 results. Standalone and consolidated loss of Rs 171.31 lakh versus Rs 6.40 lakh loss YoY. Total income Rs 51.99 lakh entirely from recoveries of written-off assets. Zero revenue from operations. Other expenses spiked to Rs 221.54 lakh from Rs 4.50 lakh YoY. EPS negative 0.069. Mr Nitin Datanwala ceased as Independent Director after term ended. Ms Leena Doshi stepped down as Chairperson but stays as MD. Mr Piyush Vora new Chairperson.
Sharp widening of losses and zero core revenue raise red flags despite routine board reshuffle.