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Vaishno Cement Company reported nil revenue from operations for Q1 FY26 (quarter ended 30 June 2025), same as the year-ago quarter. Total expenses surged sharply to Rs. 42.67 lakhs from just Rs. 1.44 lakhs in Q1 FY25, driven mainly by a jump in 'other expenses' to Rs. 41.66 lakhs (vs Rs. 0.90 lakh earlier). The company posted a loss before tax of Rs. 42.67 lakhs versus a loss of Rs. 1.44 lakhs in Q1 FY25, and a basic EPS of minus Rs. 0.48 (vs minus Rs. 0.02). For context, the full FY25 had total income of Rs. 18 lakhs and a profit of Rs. 10.81 lakhs. The statutory auditor (Manish Mahavir & Co.) issued an unmodified limited review report with no qualifications or emphasis of matter.
With zero operating income and a much wider quarterly loss driven by a sharp rise in other expenses, this is a weak set of numbers for shareholders — the company appears to be in a near-dormant operating phase with no meaningful revenue activity. The deterioration in losses compared to last quarter and year-ago quarter is a concern, though the small absolute size of the loss limits immediate financial risk.