Vedanta Aluminium FY26 Net Loss at ₹3.66 Lakhs

Profit & Loss:

Net Loss for FY26: ₹3.66 Lakhs (FY25: ₹2.85 Lakhs)
Total Comprehensive Income for FY26: ₹(3.66) Lakhs (FY25: ₹(2.85) Lakhs)
Finance Costs: ₹0.65 Lakhs (FY25: ₹0.51 Lakhs)
Other Expenses: ₹3.01 Lakhs, which includes:
Brand License and Strategic Service Fees: ₹1.00 Lakh
Remuneration to Auditors: ₹0.90 Lakh for Statutory Audit, ₹0.85 Lakh for Other Services

Balance Sheet:

Total Assets: ₹1.90 Lakhs (FY25: ₹1.46 Lakhs)
Non-current Assets: ₹0.10 Lakh (Security Deposit)
Current Assets: ₹1.80 Lakhs, comprising:
Cash and Cash Equivalents: ₹0.67 Lakhs
Other Current Assets (Input GST, Prepaid Expenses): ₹1.13 Lakhs
Total Equity: ₹(7.41) Lakhs (Negative) (FY25: ₹(3.75) Lakhs)
Equity Share Capital: ₹1.00 Lakh (1,00,000 equity shares of ₹1 each)
Other Equity: ₹(8.41) Lakhs (Accumulated Losses)
Total Liabilities: ₹9.31 Lakhs (FY25: ₹5.21 Lakhs)
Current Borrowings: ₹6.23 Lakhs (from Vedanta Limited, interest rate 8.97%, repayable on demand)
Trade Payables to Micro and Small Enterprises: ₹1.19 Lakhs
Other Financial Liabilities: ₹1.71 Lakhs (includes accrued interest of ₹0.86 Lakhs)
Other Current Liabilities: ₹0.18 Lakhs

Cash Flow:

Net Cash Used in Operating Activities: ₹(2.42) Lakhs
Net Cash from Financing Activities: ₹2.34 Lakhs (Proceeds from short-term borrowings)
Net Decrease in Cash: ₹(0.08) Lakhs

Current Ratio: 0.19 (FY25: 0.26)
Debt Equity Ratio: (0.84) (Negative) (FY25: (1.04))
Return on Equity Ratio: 0.49 (FY25: (0.76))
Basic and Diluted Earnings Per Share (EPS): ₹(3.66) (FY25: ₹(2.85))
The company incurred cash losses of ₹3.66 Lakhs in FY26 and ₹2.85 Lakhs in FY25.

Auditor: Haribhakti & Co. LLP (ICAI Firm Registration No. 103523W / W100048)

Opinion: Unqualified opinion. The financial statements give a true and fair view in conformity with Indian Accounting Standards (Ind AS).

Key Auditor Findings (Annexure 1):

The company has no property, plant, equipment, inventory, or investments.
No undisputed statutory dues were outstanding for more than six months.
There are no pending litigations impacting the financial position.
The company has not accepted any deposits.
No fraud was reported or identified during the audit.
The company has adequate internal financial controls (Annexure 2).
All transactions with related parties are compliant with Section 188 of the Companies Act, 2013.

Vedanta Resources Investments Limited: Paid Brand License and Strategic Service Fees of ₹1.00 Lakh pursuant to an agreement (3% of turnover or ₹1 Lakh, whichever is higher). Outstanding payable: ₹0.85 Lakhs.
Vedanta Limited (Holding Company):
Proceeds from Short-term Borrowings: ₹2.34 Lakhs (FY25: ₹8.89 Lakhs)
Repayment of Short-term Borrowings: ₹0.00 Lakhs (FY25: ₹5.00 Lakhs)
Interest Paid: ₹0.55 Lakhs
Outstanding Borrowings: ₹6.23 Lakhs
Accrued Interest Payable: ₹0.86 Lakhs

A significant non-adjusting subsequent event is disclosed in Note 20:

A Scheme of Arrangement for the demerger of various businesses from Vedanta Limited was approved by the National Company Law Tribunal (NCLT).
The scheme involves the demerger of the Aluminium, Merchant Power, Oil & Gas, and Iron Ore undertakings into separate listed entities, including Vedanta Aluminium Metal Limited (VAML).
The Effective Date of the demerger was approved by the boards of VAML and Vedanta Limited on April 20, 2026, as 1 May 2026.
This event occurred after the reporting period, and no adjustments have been made to these financial statements.

Incorporation Date: October 6, 2023
Shareholding Pattern: 100% of the 1,00,000 equity shares are held by Vedanta Limited and its nominees.
Promoters: Vedanta Limited (99.99% holding).