Key Decisions and Approvals
The Board of Directors meeting, which commenced at 12:00 Noon and concluded at 01:00 PM, considered and approved the following items:
1. Un-Audited Financial Results: Reviewed, considered, and approved the Un-Audited Financial Results for the quarter ended September 30, 2026. The results were accompanied by a Limited Review Report issued by the statutory auditor, Kishan M. Mehta & Co.
2. Internal Audit Report: Approved the Internal Audit Report for the quarter ended September 30, 2026.
The approved financial results were uploaded to the company's website at https://www.vinnyoverseas.in/investors.html.
Financial Results Highlights (Quarter ended September 30, 2026)
- Revenue from Operations: ₹5,100.49 Lakh (Unaudited), a significant increase from ₹3,297.68 Lakh in Q2 September 2025.
- Total Income: ₹5,173.74 Lakh (Unaudited).
- Total Expenses: ₹5,248.04 Lakh (Unaudited), driven by increases in Cost of Materials Consumed (₹2,571.54 Lakh), Purchase of Stock in Trade (₹1,040.66 Lakh), and Other Expenses (₹1,354.48 Lakh).
- Profit/(Loss) Before Tax: Loss of ₹74.30 Lakh (Unaudited), a negative swing from a profit of ₹29.41 Lakh in Q2 September 2025.
- Tax Expense: A tax credit of ₹8.79 Lakh, comprising a current tax credit of ₹4.45 Lakh and a deferred tax credit of ₹4.35 Lakh.
- Profit/(Loss) for the Period (Continuing Operations): Net Loss of ₹65.51 Lakh (Unaudited), compared to a small profit of ₹0.62 Lakh in the same quarter last year.
- Earnings Per Share (EPS) - Basic & Diluted: (₹0.01) per share of face value ₹1/- each.
- Paid-up Equity Share Capital: Remained unchanged at ₹4,652.47 Lakh.
Financial Results Highlights (Half-Year ended September 30, 2026)
- Revenue from Operations: ₹8,460.69 Lakh (Unaudited).
- Total Income: ₹8,595.05 Lakh (Unaudited).
- Profit/(Loss) Before Tax: Loss of ₹39.56 Lakh (Unaudited).
- Profit/(Loss) for the Period: Net Loss of ₹44.48 Lakh (Unaudited).
- Earnings Per Share (EPS) - Basic & Diluted: (₹0.01) per share.
Exceptional Items & Notes to Financials
- The profit/loss for the half-year and quarter ended September 30, 2026, includes an expense of ₹69.61 Lakh for a loss on an insurance claim related to the theft of Wind Mill plant machinery that occurred during FY 2024-25.
- The company operates in a single segment: Textile products (Manufacture of Rayon-Cotton-Polyester fashion wear of fabrics).
- The figures for the quarter are derived from the difference between the half-year figures and the previously published quarterly figures.
- The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS).
Limited Review Report
Statutory auditors Kishan M. Mehta & Co. issued a limited review report (UDIN: 26013707AYJJHV3413) on the unaudited financial results. Based on their review, conducted in accordance with Standard on Review Engagements (SRE) 2410, nothing came to their attention to indicate that the statement contains any material misstatement or has not disclosed information as required by SEBI LODR Regulation 33. The report is clean, with no qualifications or modifications.
Governance and Approval Process
- The Audit Committee reviewed and recommended the financial results for adoption in its meeting held on November 7, 2026.
- The Board of Directors approved the results in its meeting on the same date.
- The disclosure letter was signed by Hiralal Jagdishchand Parekh, Managing Director (DIN: 00257758).