Outcome of the meeting of the Board of Directors of Vashu Bhagnani Industries Limited ('the Company') in accordance with Regulation 29 and 30 of the SEBI (Listing Obligation and Disclosure ....
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Vashu Bhagnani Industries (formerly Pooja Entertainment and Films) held its Board meeting on 10th April 2026 and approved audited financial results for Q4 and FY ended March 2026 with unmodified opinions from statutory auditors. The company reported consolidated total assets of ₹21,718.80 Lakhs (standalone: ₹15,165.82 Lakhs) and equity of ₹14,786.74 Lakhs (standalone: ₹13,249.24 Lakhs). Consolidated operating cash flow turned positive at ₹1,131.98 Lakhs, with cash and equivalents improving dramatically to ₹1,302.44 Lakhs from ₹79.66 Lakhs. The Board approved a proposal to list the company's equity shares on NSE through a direct listing without any public offer, subject to regulatory approvals. Additionally, the company approved strategic overseas investments up to ₹50 Crores in UK real estate. Mr. Ashish Radheyshyam Goyal was appointed as Additional Non-Executive Independent Director for 5 years, subject to shareholder approval.
The clean audit with unmodified opinion and strong cash position indicate financial health. The NSE listing proposal may attract broader investor interest, while the UK expansion signals strategic diversification into real estate. The appointment of an independent director strengthens corporate governance.