Vineet Laboratories Limited disclosed the outcome of its Board Meeting held on August 25, 2026, pursuant to Regulation 30 of SEBI LODR Regulations. The meeting commenced at 03:00 PM and concluded at 06:30 PM.
Key Board Approvals
The Board of Directors approved:
- Audited Standalone Financial Results for the fourth quarter and financial year ended March 31, 2026
- Audited Standalone Financial Statement for the financial year ended March 31, 2026 along with Audit Report
Regulatory Declarations
The company provided:
- Declaration regarding audit report with unmodified opinion as required under Regulation 33(3)(d) of SEBI LODR Regulations (Annexure I)
- Details of Outstanding Qualified Borrowings and Incremental Qualified Borrowings for FY2026 under SEBI Circular Nos. SEBI/HO/DDHS/CIR/P/2018/144 and SEBI/HO/DDHS/DDHS-RACPODI/P/CIR/2023/172 (Annexure II)
Financial Results Analysis
Income Statement Highlights (INR Lakhs):
Quarter Ended March 31, 2026 (Audited):
- Net Sales/Income from operations: ₹1,889.14
- Other Income: ₹2.98
- Total Income: ₹1,892.12
- Total Expenses: ₹1,792.66
- Profit before tax: ₹99.46
- Tax Expense: ₹26.94
- Profit for the period: ₹72.51
- Earnings per share (Basic & Diluted): ₹0.43
Year Ended March 31, 2026 (Audited):
- Net Sales/Income from operations: ₹5,840.10
- Other Income: ₹10.39
- Total Income: ₹5,850.49
- Total Expenses: ₹5,822.22
- Profit before tax: ₹128.27
- Tax Expense: ₹17.18
- Profit for the year: ₹111.08
- Earnings per share (Basic & Diluted): ₹1.00
Comparative Performance (Year Ended March 31, 2026 vs March 31, 2025):
- Net Sales/Income from operations: ₹5,840.10 vs ₹7,499.50 (decrease)
- Other Income: ₹10.39 vs ₹198.68 (decrease)
- Total Income: ₹5,850.49 vs ₹7,698.18 (decrease)
- Profit before tax: ₹128.27 vs (₹2,077.55) (improvement from loss)
- Profit for the year: ₹111.08 vs (₹2,019.19) (improvement from loss)
- Earnings per share: ₹1.00 vs (₹20.83) (improvement from loss)
Balance Sheet Position (as at March 31, 2026)
Assets (INR Lakhs):
- Total Assets: ₹12,478.34
- Non-current assets: ₹2,595.42 (Property, plant and equipment: ₹2,424.06)
- Current assets: ₹9,882.92 (Inventories: ₹6,409.07; Cash and cash equivalents: ₹1,669.52)
Equity and Liabilities (INR Lakhs):
- Equity Share Capital: ₹1,920.63 (increased from ₹921.80 in previous year)
- Other Equity: ₹2,639.57 (increased from ₹542.85 in previous year)
- Total Equity: ₹4,560.19
- Non-current liabilities: ₹1,189.66 (Borrowings: ₹1,020.66)
- Current liabilities: ₹6,728.48 (Borrowings: ₹3,511.88)
- Total Liabilities: ₹7,918.14
Cash Flow Statement (Year Ended March 31, 2026)
- Net cash flows from operating activities: (₹1,203.19)
- Net cash used in investing activities: (₹111.00)
- Net cash from financing activities: ₹2,974.34
- Net change in cash and cash equivalents: ₹1,660.15
- Cash and cash equivalents at end of year: ₹1,669.52
Borrowings Disclosure
As per Annexure II:
- Outstanding long-term borrowings at start of financial year: ₹39.09 crores
- Outstanding long-term borrowings at end of financial year: ₹35.29 crores
- Incremental borrowing during the year (qualified borrowing): Nil
- Borrowings by way of debt securities issuance: Nil
- Highest credit rating: Not Available
- The company confirmed it is not a Large Corporate as per SEBI Operational Circular criteria
Audit Opinion
NSVR & Associates LLP, Chartered Accountants (Firm Registration No. 0088015/8200060) issued an audit report with unmodified opinion on the Standalone Financial Results for the financial year ended March 31, 2026.
Additional Notes
- The results for Quarter ended March 31, 2026 are balancing figures between audited full year and reviewed year-to-date figures up to third quarter
- Figures for previous periods have been rearranged/reclassified for consistency
- The company noted implementation of new Labour Codes but stated no material impact