The Outcome of the Board Meeting held on 04th August 2025 for items such as Unaudited Financial Results for the Quarter ended 30th June 2025 , Appointment of Smt Visalakshi Kannan as De-facto ....
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VTM Limited, a textile manufacturer based in Tamil Nadu, reported Q1 FY26 (ended 30 June 2025) unaudited results. Net sales rose to ₹7,198.71 lakhs from ₹5,914.30 lakhs in Q1 FY25, a growth of about 21.7%. Total income stood at ₹7,285.37 lakhs versus ₹6,048.18 lakhs last year. However, profit before tax declined to ₹610.65 lakhs from ₹715.95 lakhs, and net profit slipped to ₹460.47 lakhs from ₹523.30 lakhs, with EPS at ₹0.46 (vs ₹0.52). Total expenses increased sharply to ₹6,674.72 lakhs from ₹5,332.23 lakhs. The board also appointed Smt. Visalakshi Kannan (related to CMD K. Thiagarajan) as a De-Facto Director, approved Mr. S. Ramalingam as Secretarial Auditor for 5 years, and adopted new Articles of Association. The statutory auditor CNGSN & Associates issued an unmodified review opinion.
While top-line growth is healthy, margin compression and a decline in net profit despite higher revenue may concern shareholders. The induction of a promoter-family member as a De-Facto Director strengthens family control at this closely-held textile firm but limits independent board oversight.