Outcome of the Board Meeting of Varyaa Creations Limited held on 27th May 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Varyaa Creations Ltd, engaged in gems and jewellery trading, reported audited standalone financial results for FY2026. Revenue from operations grew to Rs 3,492.74 lakhs from Rs 3,134.33 lakhs in the previous year, representing approximately 11% growth. Profit after tax increased to Rs 51.90 lakhs from Rs 42.06 lakhs, a growth of about 23%. EPS improved from Rs 0.88 to Rs 1.08 per share. The statutory auditor M/s CVB & Associates issued an unmodified (clean) opinion. The auditors drew attention to two notes: inventory worth Rs 2,345.45 lakhs was valued by a registered valuer due to the technical nature of gems and jewellery, and trade receivables/payables balances are pending reconciliation. The company raised IPO capital during the year, with short-term borrowings increasing to Rs 432.65 lakhs.
Positive signals for shareholders with revenue and profit growth; however, negative operating cash flow of Rs 394.81 lakhs and reliance on IPO proceeds for working capital may raise concerns about cash management efficiency.