Board Meeting Details
The meeting of the Board of Directors was held on 9th November 2026, commencing at 6:00 PM and concluding at 7:00 PM.
Key Approvals and Updates
1. The Board considered and approved the un-audited financial results along with the Limited Review Report issued by the statutory auditors for the quarter and half-year ended 30th September 2026, prepared in accordance with Indian Accounting Standards (IND-AS). These results were reviewed and recommended by the Audit Committee.
2. The Company's new object clause was registered by the Ministry of Corporate Affairs (MCA) on 12th October 2026. Subsequently, the Company has initiated new business activities and started generating revenue.
3. The Board took on record the utilization of existing assets worth ₹11.22 lakhs for new business activities. This represents 62.06% of the total existing assets of ₹18.08 lakhs. The breakdown of utilized assets is:
- Furniture: ₹3.15 lakhs
- Office Equipment: ₹1.82 lakhs
- Computers: ₹0.29 lakhs
- Cash and Bank Balance: ₹0.44 lakhs
- GST: ₹5.51 lakhs
Financial Results Overview (Quarter Ended 30-09-2026)
- Total Income: ₹0.00 (No income reported for Q2)
- Total Expenses: ₹30.63 lakhs
- Employees Benefits Expense: ₹0.69 lakhs
- Depreciation and amortisation Expense: ₹0.36 lakhs
- Finance Cost: ₹4.18 lakhs
- Other expenses: ₹25.41 lakhs
- Profit/(Loss) before tax: (₹30.63) lakhs
- Profit/(Loss) for the period: (₹30.63) lakhs
- Earnings Per Share (Basic and Diluted): (₹0.16)
- Paid-up equity share capital: ₹1,945.33 lakhs (Face Value ₹10 per share)
Half-Year Financial Performance (30-09-2026)
- Total Income: ₹2.16 lakhs
- Income from Operations: ₹2.16 lakhs
- Total Expenses: ₹39.51 lakhs
- Employees Benefits Expense: ₹1.98 lakhs
- Depreciation and amortisation Expense: ₹0.72 lakhs
- Finance Cost: ₹8.57 lakhs
- Other expenses: ₹28.25 lakhs
- Profit/(Loss) before tax: (₹37.36) lakhs
- Profit/(Loss) for the period: (₹37.36) lakhs
- Earnings Per Share (Basic and Diluted): (₹0.19)
- Other Equity: (₹2,959.98) lakhs
Statement of Assets and Liabilities (as at 30-09-2026)
- Total Assets: ₹18.07 lakhs
- Non-Current Assets: ₹12.13 lakhs
- Property, plant and equipment: ₹5.27 lakhs
- Investments: ₹6.87 lakhs
- Current Assets: ₹5.94 lakhs
- Cash and Cash Equivalents: ₹0.44 lakhs
- Other Current Assets: ₹5.51 lakhs
- Equity and Liabilities: ₹18.07 lakhs
- Equity: (₹1,015.90) lakhs
- Share Capital: ₹1,944.07 lakhs
- Other Equity: (₹2,959.98) lakhs
- Non-Current Liabilities: ₹780.06 lakhs
- Non-Current Borrowings: ₹780.04 lakhs
- Short Term Borrowings: ₹0.01 lakhs
- Current Liabilities: ₹253.92 lakhs
- Trade Payable: ₹241.78 lakhs
- Other Current Liabilities: ₹12.14 lakhs
Cash Flow Statement (Half Year Ended 30-09-2026)
- Net cash from operating activities: (₹7.90) lakhs
- Net cash from investing activities: ₹0.00
- Net cash from financing activities: ₹7.60 lakhs
- Repayment of Term Loan: (₹30.24) lakhs
- Borrowings: ₹46.41 lakhs
- Finance Cost: (₹8.57) lakhs
- Net decrease in cash: (₹0.30) lakhs
- Cash and cash equivalents at beginning: ₹0.74 lakhs
- Cash and cash equivalents at end: ₹0.44 lakhs
Limited Review Report
Govind Prasad and Co., Chartered Accountants (FRN: 114360W), issued a limited review report for the quarter ended 30th September 2026. The review was conducted in accordance with Standard on Review Engagement (SRE) 2400. The report states that based on their review, nothing has come to their attention that causes them to believe that the financial results contain any material misstatement, except as noted in their report.
Additional Information
The financial results have been prepared on a going concern basis. The Company has made arrangements to publish the results in newspapers as required under SEBI LODR Regulations. The results are available on the Company's website: www.venturatextiles.com.