Pursuant to Regulation 33 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we are enclosing the Statement ....
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Varun Mercantile Limited reported nil revenue from operations for Q3 FY26 (Oct-Dec 2025), unchanged from prior periods. The company's only income is 'Other Income' of Rs 9.05 lakh in Q3 FY26, slightly lower than Rs 9.72 lakh in Q3 FY25. Total expenses were Rs 3.53 lakh versus Rs 3.52 lakh year-on-year, mainly comprising employee costs and listing/advertisement fees. Profit after tax stood at Rs 3.24 lakh in Q3 FY26 versus Rs 3.77 lakh in Q3 FY25, with nine-month PAT at Rs 9.86 lakh versus Rs 10.08 lakh. EPS for Q3 was Rs 0.16 vs Rs 0.19, and the auditor (N.J. Karia & Associates) issued an unmodified limited review report.
The company continues to have no core operating business — all earnings come from 'other income' (likely interest or investments) — so the results are of limited operational relevance to shareholders. Slight year-on-year decline in profit may concern investors looking for growth, but absolute numbers are tiny relative to the Rs 199.20 lakh share capital and Rs 339.95 lakh reserves, indicating a largely dormant company.