Statement of Unaudited Financial Results for the quarter ended 30th June, 2025 along with Limited Review Report and intimation of Change in Key Managerial Personnel.
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Awaiting price reaction for this filing.
Varun Mercantile Limited reported unaudited results for the quarter ended June 30, 2025. Total income was ₹9.75 lakhs versus ₹8.95 lakhs in Q1 FY25, entirely from 'other income' as the company has no revenue from operations. Profit before tax rose to ₹6.57 lakhs (from ₹5.01 lakhs), and profit after tax climbed to ₹4.11 lakhs (from ₹2.75 lakhs), giving EPS of ₹0.21 versus ₹0.14. Auditor N.J. Karia & Associates issued a clean limited review report. Separately, Company Secretary & Compliance Officer Daudayal Lakhani resigned effective July 15, 2025 to take up opportunities outside the company, and Piyush Oza was appointed as the new Company Secretary & Compliance Officer (KMP) effective July 16, 2025.
The roughly 50% jump in quarterly profit is encouraging but comes off a tiny base with no operating revenue, so the business profile remains that of a non-operating entity. The Company Secretary swap is a routine compliance-level KMP change and is unlikely to affect the share price.