Company Disclosure

V.B. Desai Financial Services Limited (Scrip Code: 511110) submitted regulatory disclosure to BSE Limited dated July 29, 2026 regarding outcomes of Board Meeting held on July 29, 2026.

Board Meeting Outcomes

The Board of Directors meeting held on July 29, 2026 (11:45 am to 12:30 noon) approved two items:

1. Unaudited Financial Results for the quarter ended June 30, 2026, with audited financial results and Auditors' Report enclosed. In terms of Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Auditors provided an unmodified opinion on the audited standalone financial results.

2. Accepted the resignation of Mr. Nilesh Ramanlal Doshi, Non-Executive Independent Director designated as Chairman of the Board, effective July 29, 2026. The resignation was submitted due to health problems, with no other material reasons cited.

Financial Results Summary

Quarter Ended June 30, 2026 (Q1 FY27)

Income:

  • Total Income: ₹1.36 crore (Previous Year Quarter: ₹1.36 crore)

Expenses:

  • Total Expenses: ₹1.25 crore (Previous Year Quarter: ₹0.97 crore)

Profit/(Loss):

  • Profit Before Tax: ₹0.11 crore (Previous Year Quarter: ₹0.39 crore)
  • Tax Expense: ₹0.05 crore (Previous Year Quarter: ₹0.10 crore)
  • Profit After Tax: ₹0.06 crore (Previous Year Quarter: ₹0.29 crore)

Earnings Per Share (EPS):

  • Basic and Diluted EPS: ₹0.11 (Previous Year Quarter: ₹0.52)

Year-to-Date Performance (3 months ended June 30, 2026)

Income:

  • Total Income: ₹1.36 crore (Previous Year: ₹1.36 crore)

Expenses:

  • Total Expenses: ₹1.25 crore (Previous Year: ₹0.97 crore)

Profit/(Loss):

  • Profit Before Tax: ₹0.11 crore (Previous Year: ₹0.39 crore)
  • Tax Expense: ₹0.05 crore (Previous Year: ₹0.10 crore)
  • Profit After Tax: ₹0.06 crore (Previous Year: ₹0.29 crore)

Earnings Per Share (EPS):

  • Basic and Diluted EPS: ₹0.11 (Previous Year: ₹0.52)

Management Change Details

Resignation of Director:

  • Name: Mr. Nilesh Ramanlal Doshi
  • Designation: Non-Executive Independent Director and Chairman
  • Date of Cessation: July 29, 2026
  • Reason: Health problems
  • DIN: 00249715
  • Confirmation: No other material reasons for resignation

Auditor Review Report

NS Shetty & Co (FRN: 110101W) conducted limited review of unaudited financial results for quarter ended June 30, 2026:

  • Review conducted under Standard on Review Engagement (SRE) 2410
  • Financial results prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting"
  • Unmodified opinion: No material misstatements found
  • Signed by Rohit Shetty (Partner, Membership No.: 135463) on July 29, 2026

Additional Information

  • Company has only one segment: Financial Services
  • Results reviewed by Audit Committee and approved by Board of Directors
  • Figures prepared in accordance with Indian Accounting Standards (Ind-AS)
  • Previous period figures regrouped/reclassified/restated where necessary
  • Company CIN: L74120MH1985PLC037218
  • SEBI Registration No.: INM 000002731 (Merchant Banker)

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