Vashu Bhagnani Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/04/2026 ,inter alia, to consider and approve the revision in the ....
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Vashu Bhagnani Industries Ltd (formerly Pooja Entertainment and Films Limited) has informed BSE that its Board of Directors will meet on April 16, 2026 to consider and approve a revision in the company's consolidated financial statements. The revision is needed because a clerical error was found in the financial statements of the company's UAE-based subsidiary during a review done with its auditors, and the corrections have already been made in the subsidiary's books. Since the company prepares its consolidated financials based on the subsidiary's audited accounts, the error flowed into the consolidated numbers, so the Board will formally approve the revised consolidated statements to present a true and fair view. The trading window for designated persons and their immediate relatives has been closed and will remain shut until 48 hours after the audited financial results are announced.
This is effectively a restatement of consolidated financials triggered by a clerical error in a UAE subsidiary, which could affect previously reported numbers and may draw investor attention to the company's internal controls over subsidiary reporting. The stock could see some volatility around April 16, 2026 once the revised numbers and any associated details are disclosed.