VERONICA PRODUCTION LIMITED

Key Quantitative Figures (All amounts in ₹ Lakhs, except per share data)

For the quarter ended June 30, 2026 (Q1 FY27):

  • Revenue from Operations: 30.19
  • Other Income: 0.00
  • Total Income: 30.19
  • Total Expenses: 35.26
  • Purchases of Stock-in-trade: 24.05
  • Employee benefits expenses: 3.75
  • Depreciation and Amortization Expenses: 0.14
  • Other Expenses: 7.32
  • Loss before tax: (5.07)
  • Total Tax Expenses: (0.02)
  • Deferred Tax: (0.02)
  • Net Loss for the period: (5.06)
  • Earnings Per Share (Basic & Diluted): (0.01)
  • Paid-up Equity Share Capital: 7128.79
  • Face Value per Equity Share: ₹10.00

Comparative Figures:

  • Preceding Quarter (Q4 FY26 ended March 31, 2026): Net Loss of (11.28) lakhs on Total Income of 0.00.
  • Corresponding Quarter Previous Year (Q1 FY26 ended June 30, 2025): Net Profit of 5.07 lakhs on Total Income of 167.34 lakhs.
  • Previous Financial Year (FY26 ended March 31, 2026): Net Loss of (21.75) lakhs on Total Income of 424.97 lakhs.

Dates of Action

  • Board Meeting Date: July 25, 2026 (Saturday)
  • Meeting Time: Started at 03:00 PM and concluded at 03:40 PM.
  • Quarter End Date: June 30, 2026
  • Review Report Date: July 25, 2026

Parties Involved

  • Statutory Auditor: SK Bhavsar & Co., Chartered Accountants (Firm Registration No. 0145880W)
  • Stock Exchange: BSE Limited
  • Managing Director: Nirbhaybhai Dhruvbhai Dave (DIN: 10439618)
  • Auditor Proprietor: Shivam Bhavsar (Membership No.: 180566)

Auditor's Review and Emphasis of Matter

The statutory auditor, SK Bhavsar & Co., issued a limited review report. Their review was conducted in accordance with Standard on Review Engagement (SRE) 2410. The report included an Emphasis of Matter paragraph stating that the balances for Trade Receivables, Trade Payables, and all Loans and Advances (including deposits made or received) as of the balance sheet date are pending comprehensive verification. This verification requires obtaining direct confirmations from external parties and performing a thorough reconciliation with the company's internal ledger records.

The auditor's conclusion states that based on their review, nothing has come to their attention that causes them to believe that the unaudited financial results contain any material misstatement.

Financial and Operational Impact

The company reported a net loss for the quarter. The auditor's emphasis of matter highlights a potential risk related to the accuracy of reported balances for receivables, payables, and loans, but the financial impact of this pending verification is not quantified in the disclosure.

Capital Structure Impact

There was no change in the paid-up equity share capital during the quarter. It remained constant at 7128.79 lakhs with a face value of ₹10.00 per share. No debt securities were outstanding.

Notes to Financial Results

1. The results were reviewed by the Audit Committee and approved by the Board on July 25, 2026.

2. Prepared in accordance with Indian Accounting Standards (Ind AS).

3. Previous period figures have been regrouped for comparability.

4. The company has no reportable segments as per Ind AS.

5. The statutory auditor has carried out a limited review of the results.