Submission of Audited Financial Results of the Company for the quarter ended 31..03.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
VSF Projects Limited reported zero revenue from operations for the year ended March 2026, with total income of only Rs. 63.64 lakh solely from other income (vs Rs. 42.88 lakh prior year). The company posted a net loss of Rs. 43.22 lakh, significantly higher than the prior year's loss of Rs. 29.41 lakh—a 47% increase in losses. Total expenses were Rs. 103.73 lakh against income. Borrowings nearly doubled to Rs. 8,468.26 lakh from Rs. 6,043.69 lakh, while Capital Work in Progress increased to Rs. 11,634.34 lakh. The Board also approved doubling authorized capital from Rs. 17 crore to Rs. 34 crore, subject to shareholder approval. The statutory auditor issued an unmodified opinion with no qualifications.
The company has no operating revenue and is entirely dependent on other income, with losses widening year-on-year. The significant increase in borrowings raises concerns about financial health, though positive operating cash flow and clean audit opinion provide some comfort.