Board Meeting Details

The Board of Directors meeting was held on Tuesday, November 03, 2026, commencing at 11:45 AM and concluding at 1:45 PM. The meeting reviewed and approved the Unaudited Standalone and Consolidated Financial Results for the second quarter and half year ended September 30, 2026.

Standalone Financial Results (₹ in Lakhs)

Quarterly Performance (Q2 FY2027 vs Q2 FY2026)

  • Total Income: ₹34.15 (vs ₹708.15 in Q2 FY2026)
  • Total Expenses: ₹199.24 (vs ₹704.11 in Q2 FY2026)
  • Loss before tax: ₹(165.09) (vs Profit of ₹4.03 in Q2 FY2026)
  • Net Loss after tax: ₹(170.52) (vs Net Profit of ₹3.75 in Q2 FY2026)
  • EPS (Basic & Diluted): ₹(0.64) (vs ₹0.01 in Q2 FY2026)

Half-Yearly Performance (H1 FY2027 vs H1 FY2026)

  • Total Income: ₹124.74 (vs ₹823.60 in H1 FY2026)
  • Total Expenses: ₹363.01 (vs ₹878.29 in H1 FY2026)
  • Loss before tax: ₹(238.27) (vs Loss of ₹(54.70) in H1 FY2026)
  • Net Loss after tax: ₹(238.98) (vs Loss of ₹(49.90) in H1 FY2026)
  • EPS (Basic & Diluted): ₹(0.89) (vs ₹(0.19) in H1 FY2026)

Standalone Assets & Liabilities (H1 FY2027 vs FY2026)

  • Total Assets: ₹50,334.77 (vs ₹50,268.64)
  • Non-current Assets: ₹42,430.41 (vs ₹42,340.32)
  • Current Assets: ₹7,904.36 (vs ₹7,928.32)
  • Total Equity: ₹19,322.90 (vs ₹19,575.29)
  • Total Liabilities: ₹31,011.87 (vs ₹30,693.35)
  • Paid-up Equity Share Capital: ₹268.10 (unchanged)

Standalone Cash Flow (H1 FY2027 vs FY2026)

  • Net Cash from Operating Activities: ₹(376.97) (vs ₹(1,243.67))
  • Net Cash from Investing Activities: ₹32.83 (vs ₹348.91)
  • Net Cash from Financing Activities: ₹315.27 (vs ₹1,623.17)
  • Net decrease in Cash: ₹(28.87) (vs increase of ₹30.59)
  • Closing Cash Balance: ₹24.60 (vs ₹53.47)

Consolidated Financial Results (₹ in Lakhs)

Quarterly Performance (Q2 FY2027 vs Q2 FY2026)

  • Revenue from Operations: ₹71,235.47 (vs ₹1,00,639.68 in Q2 FY2026)
  • Total Income: ₹71,229.83 (vs ₹1,00,606.64 in Q2 FY2026)
  • Total Expenses: ₹71,772.50 (vs ₹1,00,546.63 in Q2 FY2026)
  • Loss before tax: ₹(542.67) (vs Profit of ₹60.01 in Q2 FY2026)
  • Net Loss after tax: ₹(548.10) (vs Net Profit of ₹59.73 in Q2 FY2026)
  • Total Comprehensive Income: ₹1,415.54 (vs ₹4,666.80 in Q2 FY2026)
  • EPS (Basic & Diluted): ₹(2.04) (vs ₹0.22 in Q2 FY2026)

Half-Yearly Performance (H1 FY2027 vs H1 FY2026)

  • Revenue from Operations: ₹1,60,987.96 (vs ₹1,59,306.10 in H1 FY2026)
  • Total Income: ₹1,61,035.29 (vs ₹1,59,551.11 in H1 FY2026)
  • Total Expenses: ₹1,61,217.06 (vs ₹1,57,081.33 in H1 FY2026)
  • Loss before tax: ₹(181.77) (vs Profit of ₹2,469.78 in H1 FY2026)
  • Net Loss after tax: ₹(182.48) (vs Net Profit of ₹2,474.57 in H1 FY2026)
  • Total Comprehensive Income: ₹1,708.77 (vs ₹7,029.13 in H1 FY2026)
  • EPS (Basic & Diluted): ₹(0.68) (vs ₹9.23 in H1 FY2026)

Consolidated Assets & Liabilities (H1 FY2027 vs FY2026)

  • Total Assets: ₹3,90,156.89 (vs ₹4,71,572.43)
  • Non-current Assets: ₹2,50,053.76 (vs ₹2,50,491.56)
  • Current Assets: ₹1,40,103.13 (vs ₹2,21,080.97)
  • Total Equity: ₹2,34,883.18 (vs ₹2,86,422.30)
  • Total Liabilities: ₹1,55,273.71 (vs ₹1,85,150.13)
  • Paid-up Equity Share Capital: ₹268.10 (unchanged)

Consolidated Cash Flow (H1 FY2027 vs FY2026)

  • Net Cash from Operating Activities: ₹11,388.59 (vs ₹(23,268.08))
  • Net Cash from Investing Activities: ₹(16.44) (vs ₹(89.11))
  • Net Cash from Financing Activities: ₹(11,287.56) (vs ₹21,016.98)
  • Net increase in Cash: ₹84.59 (vs decrease of ₹(2,340.20))
  • Closing Cash Balance: ₹1,764.14 (vs ₹1,679.55)

Segment Information (Consolidated)

The Group has three reportable segments: Distribution & Development, Warehousing, and Manufacturing.

Segment Revenue (Q2 FY2027)

  • Distribution & Development: ₹68,307.86
  • Warehousing: ₹2,927.61
  • Manufacturing: ₹0.00

Segment Results (Q2 FY2027)

  • Distribution & Development: Profit of ₹387.26
  • Warehousing: Loss of ₹(834.36)
  • Manufacturing: Not applicable

Segment Assets (H1 FY2027)

  • Distribution & Development: ₹2,23,282.93
  • Warehousing: ₹1,30,347.72
  • Manufacturing: ₹36,271.47
  • Unallocable: ₹254.77

Segment Liabilities (H1 FY2027)

  • Distribution & Development: ₹57,864.08
  • Warehousing: ₹93,771.96
  • Manufacturing: ₹3,637.67
  • Unallocable: ₹0.00

Subsidiaries Included in Consolidation

  • Veritas Polychem Private Limited (formerly Veritas Petro Industries Private Limited)
  • Veritas International FZE
  • VERASCO FZE (formerly Hazel International FZE)
  • Veritas Agro Ventures Private Limited
  • Veritas Infra & Logistics Private Limited
  • Global Com trade Pte Ltd
  • Veritas Global PTE Limited (Step down subsidiary)

Auditor Review

The financial results were subjected to a Limited Review by the Statutory Auditors, Shabbir & Rita Associates LLP. The review report states that nothing has come to their attention that causes them to believe that the accompanying Statement contains any material misstatement.

Project Update

The Company through its subsidiary, Veritas Polychem Private Limited, has initiated a setup of an integrated manufacturing complex at the Dighi Port in Maharashtra. The project is presently financially supported by the Company and would be suitably financed subsequently through appropriate means.

Availability of Results

The unaudited Financial Results are available on the BSE website (www.bseindia.com) and the company website (www.veritasindia.net).