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VASWANI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vaswani Industries Ltd reported FY2026 revenue of Rs 46,737 lakhs, up 13.6% from Rs 41,164 lakhs in FY2025. However, profit after tax declined sharply to Rs 424 lakhs from Rs 860 lakhs - a 50.7% drop - despite Q4 showing recovery with PAT of Rs 539 lakhs. The company incurred exceptional items of Rs 353 lakhs including write-off of MAT credit entitlement and loss on buyback of shares. Finance costs doubled to Rs 1,757 lakhs while depreciation increased to Rs 936 lakhs due to capitalization of Solar Power and Induction Furnace plants. The Board approved raising Rs 9.87 crore via preferential issue of 16.45 lakh equity shares at Rs 60/share to promoter family members, subject to shareholder approval. Auditors issued an unmodified (clean) opinion.
The significant PAT decline and doubling of finance costs are concerning for shareholders, though the clean audit provides some comfort. The Rs 9.87 crore preferential issue to promoters will dilute equity and raises related party concerns. Higher debt levels and increased capex indicate heavy investment phase.