Outcome of Board Meeting held on May 28, 2026. Please refer to the attached file.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Veritas (India) Limited reported FY2025-26 standalone revenue of Rs 23.67 crore (down 93% from Rs 323.14 crore), with a standalone net loss of Rs 0.75 crore. Consolidated revenue stood at Rs 3,112.63 crore (down 24% from Rs 4,098.11 crore), with consolidated net profit of Rs 19.70 crore (down 83% from Rs 113.56 crore). The company reported negative operating cash flows of Rs 23.27 crore for the consolidated entity. The Board recommended a dividend of Rs 0.05 per share (5%) for FY2025-26, subject to shareholder approval at the September 3, 2026 AGM. Statutory auditors issued unmodified opinions on both standalone and consolidated financials. The auditors included an Emphasis of Matter regarding the subsidiary's integrated manufacturing project at Dighi Fort, Maharashtra, noting it is presently financed by the company with plans to arrange appropriate financing later. Mr. Paresh Merchant was re-appointed as Managing Director for 3 years from December 28, 2026.
The stock may face pressure due to massive revenue decline on standalone basis, 83% drop in consolidated PAT, and negative operating cash flows of Rs 23.27 crore. The auditor's emphasis on the Dighi Fort manufacturing project financing adds uncertainty. However, the unmodified audit opinion and dividend recommendation provide some stability.