Please find attached Outcome of Board Meeting.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Veer Energy & Infrastructure met on August 12, 2025, and approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), along with the Director's Report for FY25. The 45th Annual General Meeting is scheduled for September 30, 2025, in Mumbai. Revenue from operations fell to Rs. 65.05 lakhs in Q1 FY26 from Rs. 103.47 lakhs in Q1 FY25, a decline of about 37% year-on-year. However, the company reported a profit after tax of Rs. 31.39 lakhs versus Rs. 24.40 lakhs in the same quarter last year, a growth of nearly 29%. Basic EPS stood at Rs. 0.21, up from Rs. 0.16 in Q1 FY25. The statutory auditor (Jayesh R Shah & Co.) issued an unmodified limited review report with no qualifications.
Mixed signals for shareholders — core operating revenue shrank sharply, but the company swung to a stronger profit on lower costs and higher other income. Investors should watch whether the revenue drop is temporary or structural before taking a positive view.