Vinny Overseas Limited has informed the Exchange regarding 'Reappointment of Internal auditor and Cost auditor'.
VINNY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vinny Overseas Limited held its Board Meeting on May 20, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. The company reported revenue from operations of Rs. 3,710.04 Lakhs for Q4 and Rs. 12,461.55 Lakhs for FY26, compared to Rs. 12,157.21 Lakhs in FY25, showing marginal revenue growth. However, profit before tax declined significantly to Rs. 136.87 Lakhs from Rs. 718.78 Lakhs in FY25. This decline is mainly attributed to substantially lower VAT/SGST subsidy receipts under Gujarat Textile Policy 2012, which dropped to Rs. 36.10 Lakhs from Rs. 547.85 Lakhs in the previous year. The Board also reappointed M/s. P Prajapat & Associates as Internal Auditor and M/s. KVM & Co. as Cost Auditor for FY 2026-27. Statutory auditors issued an unmodified (clean) audit opinion.
The stock may see neutral to slight negative reaction as while revenue grew marginally, net profit dropped sharply due to reduced subsidy income. The clean audit opinion provides some comfort on financial reporting quality.