Board Meeting Details

The Board of Directors meeting was held on Monday, 10th August 2026, commencing at 11:00 AM and concluding at 12:05 PM.

Key Agenda Items and Outcomes

1. Preliminary Business

Routine and procedural business items were taken up and noted by the Board.

2. Financial Results Approval

Approved the Unaudited Standalone Financial Results for the quarter ended 30 June 2026 together with the Limited Review Report issued by the Statutory Auditors.

3. Rights Issue Approval

Approved a renounceable Rights Issue of up to 34,08,684 fully paid-up Equity Shares of face value ₹10 each at an issue price of ₹30 per Rights Equity Share (including a premium of ₹20 per share), aggregating up to ₹10,22,60,520.

Key Terms:

  • Rights entitlement ratio: 1 Rights Equity Share for every 5 fully paid-up Equity Shares held on the Record Date
  • Full issue price payable on application through ASBA
  • Rights Equity Shares shall rank pari passu in all respects with existing fully paid-up Equity Shares from date of allotment

4. Draft Letter of Offer

Approved the Draft Letter of Offer for filing with BSE Limited and authorized regulatory, procedural and non-material modifications within the authority approved by the Board.

5. Listing Application

Approved making an application to BSE Limited for in-principal approval for listing of the Rights Equity Shares.

6. Financial Justification

Approved the financial justification for the Rights Issue including project cost, implementation schedule and means of finance based on supporting documents placed before the Board.

7. Implementation Authorizations

Approved and authorized the Directors and/or authorized officers to take all necessary steps and actions for implementation of the Rights Issue and complete all related regulatory, statutory and procedural compliances.

8. Ratification of Preparatory Actions

Approved and ratified the preparatory actions and intermediary appointments in connection with the Rights Issue.

9. Disclosure Approvals

Approved disclosures to be made to BSE Limited pursuant to Regulations 30 and 33 of SEBI (LODR) Regulations, 2015.

Financial Results for Quarter Ended 30 June 2026 (₹ in Lakhs)

Income Statement:

  • Revenue from Operations: ₹223.99
  • Other Income: -₹14.49
  • Total Income: ₹223.99

Expenses:

  • Cost of materials consumed: ₹75.95
  • Change in Inventories: -₹51.31
  • Employees benefit expenses: ₹4.13
  • Finance Cost: ₹42.90
  • Depreciation and amortisation: ₹2.19
  • Other expenses: ₹117.85
  • Total Expenses: ₹110.78

Profitability:

  • Profit before exceptional items and tax: ₹32.27
  • Exceptional items: -₹24.39
  • Profit after exceptional items and before tax: ₹7.89
  • Tax expense: ₹0.50
  • Net Profit for the period: ₹7.39
  • Total Comprehensive Income: ₹7.39

Capital Structure:

  • Paid-up equity share capital: ₹1704.34
  • Other Equity: ₹0.00
  • Earning Per Share (Basic and Diluted): ₹0.05

Comparative Figures

Quarter Ended 30 June 2025 (₹ in Lakhs):

  • Revenue from Operations: ₹208.67
  • Net Profit: ₹58.27
  • EPS: ₹0.36

Year Ended 31 March 2026 (₹ in Lakhs):

  • Revenue from Operations: ₹690.32
  • Net Profit: ₹161.45
  • EPS: ₹1.00

Auditor's Review

Bansilal Shah & Co., Chartered Accountants issued a Limited Review Report stating that based on their review, nothing has come to their notice that causes them to believe that the financial results contain any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.

Additional Information

  • The Financial Results will be available on the company website: www.veergloballtd.com
  • Extract of results will be published in newspapers as required under Regulation 47(1) of SEBI (LODR) Regulations
  • No shareholder complaints were received or disposed during the quarter ended 30 June 2026
  • Figures for previous periods have been regrouped wherever considered necessary
  • Results prepared in accordance with Indian Accounting Standards