Veer Global Infraconstruction

Operates as a small-scale realty and infrastructure construction company, classified under Residential and Commercial Projects, registered in Thane, Maharashtra and incorporated in 2012. The filings indicate work tied to development agreements with housing societies (e.g., a terminated agreement with Maruthi Co-operative Housing Society and Tridhaatu Maruthi Developers LLP), though the company has not provided segment-wise reporting because more than 90% of revenue comes from a single business line. FY26 total income from operations was ₹6.90 crore, down about 40.6% from ₹11.63 crore in FY25, with net profit of ₹1.61 crore (down 10.7%) and EPS of ₹1.00. The cost structure is heavily dominated by inputs: materials accounted for 88.8% of revenue, other operating expenses for 91.0%, and employee costs for 16.4%, with depreciation at 1.2% and capex at 0.7%. The balance sheet carries stress signals flagged by the auditor — unconfirmed trade receivables and advances of ₹2,108.50 lakhs, a contingent GST liability of ₹22.13 crore under a High Court stay, and a ₹90.01 lakh borrowing default to Bank of Baroda (50 days overdue as of 31 March 2026). On the capital side, the board approved a Rights Issue of up to ₹15 crore and a preferential allotment of 8,00,000 shares at ₹85 each to convert ₹6.80 crore of unsecured loans from Veerone Limited and Veer Finance Limited, taking paid-up capital from ₹16.24 crore to ₹17.04 crore.