Veritas India FY26 Net Loss ₹81.35 Lakhs Standalone

Financial Results Approval

The Board considered and approved the following:

Audited Standalone Profit and Loss Account for the financial year ended March 31, 2026, and Standalone Balance Sheet as on that date.
Audited Consolidated Profit and Loss Account for the financial year ended March 31, 2026, and Consolidated Balance Sheet as on that date.
Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.
Took on record the Audit Reports issued by the Statutory Auditors, M/s. Shabbir & Rita Associates LLP, on both sets of results.

Key Financial Figures (Standalone - Audited)

For the Year Ended March 31, 2026:

Total Income: ₹2,589.93 Lakhs (Previous Year: ₹32,477.07 Lakhs)
Total Expenses: ₹2,671.28 Lakhs (Previous Year: ₹32,008.27 Lakhs)
Loss Before Tax: ₹(81.35) Lakhs (Previous Year: Profit of ₹468.80 Lakhs)
Net Loss After Tax: ₹(74.71) Lakhs (Previous Year: Profit of ₹433.88 Lakhs)
Earnings Per Share (Basic & Diluted): ₹(0.28) (Previous Year: ₹1.62)

For the Quarter Ended March 31, 2026:

Total Income: ₹471.85 Lakhs (Q4 PY: ₹1,074.43 Lakhs)
Total Expenses: ₹983.31 Lakhs (Q4 PY: ₹1,017.27 Lakhs)
Loss Before Tax: ₹(511.46) Lakhs (Q4 PY: Profit of ₹57.16 Lakhs)
Net Loss After Tax: ₹(432.85) Lakhs (Q4 PY: Profit of ₹68.07 Lakhs)
Earnings Per Share (Basic & Diluted): ₹(1.61) (Q4 PY: ₹0.25)

Key Financial Figures (Consolidated - Audited)

For the Year Ended March 31, 2026:

Total Income: ₹3,11,537.12 Lakhs (Previous Year: ₹4,10,410.24 Lakhs)
Total Expenses: ₹3,09,573.61 Lakhs (Previous Year: ₹3,99,019.42 Lakhs)
Profit Before Tax: ₹1,963.51 Lakhs (Previous Year: ₹11,390.82 Lakhs)
Net Profit After Tax: ₹1,970.15 Lakhs (Previous Year: ₹11,355.90 Lakhs)
Earnings Per Share (Basic & Diluted): ₹7.35 (Previous Year: ₹42.36)

For the Quarter Ended March 31, 2026:

Total Income: ₹53,145.82 Lakhs (Q4 PY: ₹77,394.72 Lakhs)
Total Expenses: ₹54,816.96 Lakhs (Q4 PY: ₹77,515.84 Lakhs)
Loss Before Tax: ₹(1,671.14) Lakhs (Q4 PY: Loss of ₹(121.12) Lakhs)
Net Loss After Tax: ₹(1,592.53) Lakhs (Q4 PY: Loss of ₹(110.19) Lakhs)
Earnings Per Share (Basic & Diluted): ₹(5.94) (Q4 PY: ₹(0.41))

Dividend Recommendation

The Board recommended a final dividend of ₹0.05 (Five Paise) per equity share (5%) of face value ₹1 each for the financial year 2025-26. This is subject to the approval of shareholders at the ensuing 41st Annual General Meeting (AGM).

41st Annual General Meeting (AGM)

The Board approved convening the 41st AGM on Thursday, September 3, 2026, through Video Conference (VC) / Other Audio Visual Means (OAVM).

Record Date and Book Closure

Record Date: Friday, August 28, 2026, for determining entitlement to the dividend.
Book Closure: The Register of Members and Share Transfer Books will remain closed from Saturday, August 29, 2026, to Thursday, September 3, 2026 (both days inclusive).

The dividend will be paid to members registered as of the record date.

Re-appointment of Managing Director

Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the re-appointment of Mr. Paresh Merchant (DIN: 00660027) as Managing Director for a further term of three years, commencing December 28, 2026. This is subject to shareholder approval at the AGM.

Appointment of Internal Auditor

Based on the recommendation of the Audit Committee, the Board approved the appointment of Mr. Murugan Pillai as the Internal Auditor of the Company for the financial year 2026-27, pursuant to Section 138 of the Companies Act, 2013.