Veer Global Infraconstruction 15th AGM Notice and FY26 Results

Key Quantitative Figures

Revenue from Operations: ₹6.90 crore (FY26) vs ₹11.63 crore (FY25)
Net Profit After Tax: ₹1.61 crore (FY26) vs ₹1.81 crore (FY25)
EPS: ₹1.00 (FY26) vs ₹1.12 (FY25)
Paid-up Equity Share Capital: ₹16.24 crore
Total Borrowings: ₹12.81 crore (Non-current) + ₹0.00 (Current)
Trade Receivables: ₹21.09 crore
Inventories: ₹31.10 crore
Cash & Cash Equivalents: ₹0.28 crore
GST Show Cause Notice: ₹22.12 crore (stayed by High Court)
Bank Default: ₹90.01 lakh overdue for 50 days to Bank of Baroda

AGM Details

Date: September 19, 2026 at 3:00 PM
Mode: Video Conferencing / Other Audio-Visual Means
Venue: Deemed to be Registered Office at Shop No A-01 Shalibhadra Classic, 100 feet Link Road, Near Union Bank of India, Nalasopara East, Thane, Maharashtra-401209
Record Date: September 12, 2026
Book Closure: September 13, 2026 to September 19, 2026

Ordinary Business Items

1. Adoption of Financial Statements: Approval of Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Directors and Auditors

2. Reappointment of Director: Mr. Manvendra Shivshyam Tiwari (DIN: 09585374) retires by rotation and offers himself for reappointment

3. Reappointment of Statutory Auditors: Reappointment of M/s Bansilal Shah & Company, Chartered Accountants (Firm Registration No. 000384W) until conclusion of 16th AGM

Special Business Items

4. Reappointment of Independent Director: Continuation of tenure of Shri Subodh Jain (DIN: 09203940) as Independent Director for second term of 5 years w.e.f June 21, 2026

5. Rights Issue: Enabling resolution for issuance of Equity Shares on Rights basis for aggregate amount not exceeding ₹50 crores

6. Private Placement: Enabling resolution for issue of Equity Shares, fully/partly convertible debentures, NCDs, preference shares through private placement for amount not exceeding ₹50 crores

7. Managerial Remuneration: Approval for payment of remuneration to managerial personnel exceeding limits prescribed under Section 197 of Companies Act, 2013

8. Loans/Guarantees/Investments: Approval for loans, deposits, advances, guarantees, securities, and investments with body corporates, directors, promoters within aggregate limit of ₹100 crores

Financial Performance Highlights

Total Income: ₹6.90 crore (FY26) vs ₹11.63 crore (FY25)
Profit Before Tax: ₹2.32 crore (FY26) vs ₹1.95 crore (FY25)
Profit After Tax: ₹1.61 crore (FY26) vs ₹1.81 crore (FY25)
EBITDA: ₹4.76 crore (as per Management Discussion & Analysis)
Current Ratio: 2.31 (FY26) vs 2.63 (FY25)
Debt-Equity Ratio: 0.35 (FY26) vs 0.49 (FY25)
Inventory Turnover Ratio: 0.22 (FY26) vs 0.57 (FY25)
Net Profit Margin: 23% (FY26) vs 16% (FY25)

Key Financial Ratios

| Current Ratio | 2.31 | 2.63 | 0.37 | 16.34% |

| Debt-Equity Ratio | 0.35 | 0.49 | 0.19 | 66.12% |

| Debt Service Coverage Ratio | 0.98 | 1.18 | -8.25 | -87.46% |

| Return on Equity Ratio | 9.94% | 11.13% | 2.12 | 23.48% |

| Inventory Turnover Ratio | 0.22 | 0.57 | -0.33 | -37.14% |

| Trade Receivables Turnover Ratio | 0.33 | 0.46 | -0.25 | 7.82% |

| Net Profit Ratio | 23% | 16% | 6% | 0.00% |

| Interest Coverage Ratio | 1.98 | 2.18 | -8.25 | 1.00% |

Board of Directors

Mr. Vijaybhai Vagjibhai Bhanshali - Managing Director (DIN: 05122207)
Mr. Manvendra Shivshyam Tiwari - Director (DIN: 09585374)
Mr. Vinod Mohanlal Jain - Director (DIN: 06827919)
Mr. Priyank Chandrakant Parikh - Director (DIN: 06615205)
Mr. Subodh Jain - Independent Director (DIN: 09203940)
Ms. Rakhee Jain - Independent Director (DIN: 09612344)

Key Managerial Personnel

Mr. Mahesh Kachhawa - Company Secretary & Compliance Officer
Mr. Priyank Chandrakant Parikh - Chief Financial Officer

Auditors

Statutory Auditor: M/s Bansilal Shah & Company, 1027 10th Floor, Hubtown Solaris, N.S Phadake Road Saiwadi, Nr Gokhle Flyover Andheri East Mumbai Maharashtra - 400069
Secretarial Auditor: M/s. B.L. Harawat and Associates

Registrar and Share Transfer Agent

Purva Sharegistry (India) Private Limited, Unit No. 9, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Opp Kasturba Hospital Lane, Lower Parel (E) Mumbai 400011

Regulatory Compliance Issues

GST Show Cause Notice: ₹22,12,72,895 issued by GST department (interest and penalty as applicable). Matter sub-judice with stay order from Hon'ble Mumbai High Court. No provision made in financial statements.
Bank Default: Overdue amount of ₹90,01,141.74 to Bank of Baroda for approximately 50 days as on March 31, 2026
No fraud reported by auditors under section 143(12) of Companies Act, 2013
No material orders passed by regulators or courts impacting going concern status

Related Party Transactions

Total related party transactions during FY26 amounted to ₹172.45 lakh across 22 parties, including loans, advances, and purchases of goods/services. Major transactions:

Vijaybhai Vagjibhai Bhanshali: Loan ₹79.10 lakh, closing balance ₹76.37 lakh
Mukesh Chunilal Jain: Purchase ₹0.00 lakh, closing balance ₹74.50 lakh; Loan ₹0.00 lakh, closing balance ₹111.65 lakh
Anita Bhanshali: Loan ₹24.90 lakh, closing balance ₹25.90 lakh; Advance ₹0.00 lakh, closing balance ₹31.23 lakh
All transactions were at arm's length and in ordinary course of business

Capital Structure Impact

No change in share capital during FY26
Paid-up equity share capital remains at ₹16.24 crore
Rights Issue of up to ₹50 crore may dilute equity if approved and implemented
Private Placement of up to ₹50 crore may also impact capital structure

Cash Flow Implications

Net Cash from Operating Activities: ₹3.39 crore
Net Cash from Investing Activities: ₹2.65 crore
Net Cash from Financing Activities: (₹6.30) crore
Net Decrease in Cash: (₹0.25) crore
Cash Position: ₹0.28 crore as on March 31, 2026 vs ₹0.53 crore previous year

Voting Arrangements

Remote e-Voting Period: September 16, 2026 (9:00 AM) to September 18, 2026 (5:00 PM)
Scrutinizer: Ms CS Avni Chouhan, Practicing Company Secretary
e-Voting Service Provider: Purva Sharegistry (India) Private Limited
Results Declaration: Within 2 working days of AGM conclusion

Other Material Information

Employee Strength: 5 permanent employees
CSR: Not applicable to the company
Dividend: No dividend recommended for FY26
Bonus: No bonus shares issued during FY26
Deposits: No deposits accepted under Sections 73 and 74 of Companies Act, 2013
Subsidiaries: No subsidiaries or joint ventures
Internal Financial Controls: Adequate and operating effectively as per auditor's report