outcome of Board Meeting
Price
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VSF Projects Ltd's board, meeting on 14th August 2025, approved the unaudited Q1 FY26 results showing total income of Rs. 19.07 lakhs (down from Rs. 21.27 lakhs in Q1 FY25) and a net loss of Rs. 3.83 lakhs versus a profit of Rs. 2.58 lakhs in the year-ago quarter. Revenue from operations remained nil in both periods, and the company's full-year FY25 profit of Rs. 3,534.52 lakhs was driven almost entirely by exceptional items of Rs. 3,550 lakhs. Statutory auditor NSVR & Associates LLP resigned mid-term citing time, effort and cost considerations, and V D P & Co. Chartered Accountants has been appointed to fill the casual vacancy until the next AGM. The board also appointed P. Lenin Babu as Company Secretary and Compliance Officer, recommended P S Rao & Associates as Secretarial Auditor for a 5-year term, and approved the 33rd AGM notice.
Shareholders should note the mid-term auditor change, the shift from profit to loss in Q1, and the fact that prior-year profits were largely a one-off from exceptional items rather than core operations, which together suggest weak underlying business performance.