Please find enclosed herewith Disclosure under Regulation 30 of SEBI (Listing Obligation & Disclosure Requirements) Regulation 2015, regarding withdrawal of the proposal for incorporation ....
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Virat Industries Ltd reported strong FY2026 results with profit after tax surging to ₹493.87 lakh from ₹90.45 lakh in FY2025, driven by cost control despite a revenue decline from ₹3,162.58 lakh to ₹2,679.21 lakh. The company achieved an unmodified (clean) audit opinion from B.K. Khare & Co. and generated positive operating cash flow of ₹254.09 lakh, a turnaround from negative ₹82.01 lakh in the prior year. The Board decided against declaring any dividend for FY2025-26. In a strategic reversal, the company withdrew its proposal to incorporate a wholly-owned subsidiary BRHAM HOLDING FZ-LLC in UAE. Additionally, the company completed a preferential allotment of 95,99,999 equity shares to Mr. Bhavook Chancraprakash Tripathi, significantly increasing its equity share capital from ₹4.92 crore to ₹14.52 crore.
The massive PAT growth and clean audit are positive signals for shareholders, though the revenue decline and no-dividend decision may temper enthusiasm. The ₹5,780.89 lakh cash pile from the share issuance remains unutilized, suggesting potential future investments or M&A activity.