As per attached document
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved unaudited Q1 FY26 standalone and consolidated results. Standalone revenue fell sharply to Rs. 420.15 lakhs from Rs. 646.16 lakhs a year earlier, though net profit rose to Rs. 10.79 lakhs from Rs. 3.86 lakhs (standalone EPS Rs. 0.10). On a consolidated basis, which includes subsidiary VEM Plastic Molding, total income was Rs. 1,251.78 lakhs and net profit was Rs. 35 lakhs (EPS Rs. 2.58). The board approved raising authorised share capital from Rs. 11 crore to Rs. 18 crore and noted completion of the VEM Tooling (India) acquisition by the subsidiary, funded via a Rs. 23.19 crore rights issue completed in June 2025 with no deviation in use of proceeds. Mr. Marc Christopher Weinmann (founder of VEM Group) was appointed as Additional Non-Executive Non-Independent Director, and Purva Sharegistry replaced MUFG Intime as the company's RTA. The 38th AGM is scheduled for September 25, 2025.
Standalone revenue has weakened meaningfully on a year-on-year basis, but post-acquisition consolidation has lifted the group's top line and earnings significantly, so investors should track the subsidiary contribution going forward. The capital expansion signals room for further fund-raising, and the new RTA appointment is largely an administrative cost-optimisation move.