Veer Global Q2 Net Profit Falls 66% YoY

The meeting commenced at 04:00 PM and concluded at 04:40 PM on Friday, 6th November 2026.

1. Financial Results Approval

The Board considered and approved the Unaudited Standalone Financial Results of the company for the quarter and half-year ended September 30, 2026.
The results were reviewed by the Audit Committee and include a Limited Review Report issued by the Statutory Auditors, Bansilal Shah & Co.
The Financial Results will be available on the company website www.veergloballtd.com and published in newspapers as required under Regulation 47(1) of SEBI (LODR) Regulations.

2. Rights Issue Ratification

The Board reviewed, ratified and confirmed various actions, steps and compliances undertaken by the Company, its officers and the Rights Issue Committee in connection with the Rights Issue of equity shares.

3. Director Appointments and Resignations

Appointment: The Board approved the appointment of Mr. Manish Jhanwar (DIN: 05312225) as an Independent Director for a term of five consecutive years with effect from 9 November 2026, subject to shareholder approval.
Resignation: The Board took note of the resignation of Mr. Subodh Jain (DIN: 09203940), Independent Director, with effect from close of business hours on 22 October 2026.

4. Committee Reconstituition

The Board approved the re-constitution of various Committees with the following composition:
Audit Committee: Sh. Manish Jhanwar (Chairman), Madam Rakhee Jain (Member), Sh. Vinod Jain (Member)
Nomination & Remuneration Committee: Sh. Manish Jhanwar (Chairman), Madam Rakhee Jain (Member), Sh. Vinod Jain (Member)
Stakeholders Relationship Committee: Madam Rakhee Jain (Chairman), Sh. Manish Jhanwar (Member), Sh. Vinod Jain (Member)

5. Authorization for Compliance

The Board authorized Directors Shri Vijaybhai Bhanshali and Shri Priyank Parikh to handle statutory compliance, execute filings and related matters either jointly or severally.

6. Performance Review

The Board reviewed the operational and financial performance of the Company and discussed prevailing business position, ongoing activities and future business prospects.

Income Statement Highlights (₹ in Lakhs)

Revenue from Operations: ₹108.00 (Q2 FY27) vs ₹157.46 (Q2 FY26) - down 31.4% YoY
Total Income: ₹108.00 (Q2 FY27) vs ₹187.45 (Q2 FY26) - down 42.4% YoY
Net Profit: ₹23.59 (Q2 FY27) vs ₹68.63 (Q2 FY26) - down 65.6% YoY
Earnings Per Share (Basic and Diluted): ₹0.14 (Q2 FY27) vs ₹0.43 (Q2 FY26)

Half-Yearly Performance (₹ in Lakhs)

Expense Analysis

Cost of materials consumed: ₹185.87 (Q2 FY27)
Employees benefit expenses: ₹2.92 (Q2 FY27)
Finance Cost: ₹14.52 (Q2 FY27)
Depreciation and amortisation expenses: ₹2.15 (Q2 FY27)
Other expenses: ₹123.14 (Q2 FY27)

Tax Expense

Assets (₹ in Lakhs)

Total Assets: ₹8,553.57
Non-current assets: ₹45.82 (Property, Plant and Equipment)
Current assets: ₹8,507.74 (including Inventories ₹3,415.08, Trade receivables ₹1,905.07)

Equity and Liabilities (₹ in Lakhs)

Cash Flow (₹ in Lakhs)

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS)
More than 90% of revenue comes from a single segment, hence segment reporting not provided
Figures for previous periods have been regrouped/reclassified where necessary
The Limited Review Report by Statutory Auditors states nothing has come to their notice that causes them to believe the statement contains any material misstatement