Board Meeting Details
The Board of Directors meeting was held on Tuesday, 11th August, 2026 at the company's registered office in Mumbai. Meeting commenced at 5:00 PM and concluded at 6:15 PM.
Key Matters Approved
- Unaudited Financial Results of the Company for the quarter ended 30th June, 2026
- Limited Review Report for the period submitted by M/s. A. Raghavendra Rao & Associates, Chartered Accountants (FRN: 003324S)
Standalone Financial Results (Amount in ₹ Lakhs)
Income Statement Comparison
| Period | Revenue from Operations | Other Income | Total Income | Total Expenses | Profit Before Tax | Tax Expense | Profit After Tax |
| Q1 FY2027 (30.06.2026) | 1,788.70 | 94.17 | 1,882.87 | 1,854.92 | 27.96 | 0.00 | 27.96 |
| Q4 FY2026 (31.03.2026) | 2,520.66 | 1,098.38 | 3,619.05 | 2,528.49 | 1,090.56 | 63.30 | 1,027.26 |
| Q1 FY2026 (30.06.2025) | 2,520.81 | 94.17 | 2,614.98 | 2,560.85 | 54.13 | 0.00 | 54.13 |
| Full Year FY2026 (31.03.2026) | 10,108.23 | 1,380.90 | 11,489.13 | 10,166.80 | 1,322.33 | 63.30 | 1,259.04 |
Expense Breakdown (Q1 FY2027)
- Purchases of stock-in-trade: ₹1,788.57 lakhs
- Employee Benefits Expenses: ₹2.74 lakhs
- Other expenses: ₹63.56 lakhs
- Depreciation and amortization: ₹0.04 lakhs
- Finance Cost: ₹0.00 lakhs
- Cost of materials consumed: ₹0.00 lakhs
Key Metrics
- Paid-up Equity Share Capital: ₹19,819.17 lakhs (Face Value of Re. 1/- each)
- Basic EPS: ₹0.00
- Diluted EPS: ₹0.00
Consolidated Financial Results (Amount in ₹ Lakhs)
Consolidated Entities
1. Avance Ventures Private Limited
2. Verticore Technologies Private Limited
3. Avance Platforms Private Limited
Income Statement Comparison
| Period | Revenue from Operations | Other Income | Total Income | Total Expenses | Profit Before Tax | Tax Expense | Profit After Tax |
| Q1 FY2027 (30.06.2026) | 6,064.73 | 94.17 | 6,158.90 | 5,912.31 | 246.59 | 0.00 | 246.59 |
| Q4 FY2026 (31.03.2026) | 3,093.53 | 1,098.38 | 4,191.91 | 3,154.09 | 1,037.82 | 0.56 | 1,037.26 |
| Q1 FY2026 (30.06.2025) | 3,741.90 | 94.82 | 3,836.71 | 3,674.65 | 162.06 | 0.00 | 162.06 |
| Full Year FY2026 (31.03.2026) | 15,925.61 | 1,384.10 | 17,309.71 | 15,985.54 | 1,324.16 | 0.56 | 1,323.61 |
Expense Breakdown (Q1 FY2027)
- Purchases of stock-in-trade: ₹5,297.01 lakhs
- Changes in inventories: ₹543.00 lakhs
- Other expenses: ₹69.31 lakhs
- Employee Benefits Expenses: ₹2.74 lakhs
- Finance Cost: ₹0.21 lakhs
- Depreciation and amortization: ₹0.04 lakhs
Key Metrics
- Paid-up Equity Share Capital: ₹19,819.17 lakhs (Face Value of Re. 1/- each)
- Basic EPS: ₹0.01
- Diluted EPS: ₹0.01
Auditor's Limited Review Report
M/s. A. Raghavendra Rao & Associates, Chartered Accountants conducted limited review of both standalone and consolidated financial results. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410 issued by ICAI.
Key Conclusions
- Nothing came to attention suggesting financial results are not prepared in accordance with applicable accounting standards
- Company has disclosed all information required under Regulation 33 of SEBI LODR Regulations
- Report prepared exclusively for management's internal use
Additional Notes
1. Results reviewed and recommended by Audit Committee and approved by Board on 11th August, 2026
2. Prepared in accordance with Companies (Indian Accounting Standard) Rules, 2015 (Ind AS)
3. Segment reporting not applicable as company operates in single business segment
4. Provision for taxes to be made at year-end
5. Previous period figures regrouped and reclassified where necessary