Key Quantitative Figures

Standalone Financial Results (Q1 FY27)

  • Total Income: ₹650.92 lakh (Q1 FY26: ₹423.62 lakh)
  • Revenue from Operations: ₹623.03 lakh (Q1 FY26: ₹420.15 lakh)
  • Other Income: ₹27.88 lakh (Q1 FY26: ₹3.47 lakh)
  • Total Expenses: ₹609.88 lakh (Q1 FY26: ₹412.83 lakh)
  • Profit Before Tax: ₹41.04 lakh (Q1 FY26: ₹10.79 lakh)
  • Net Profit for the period: ₹41.04 lakh (Q1 FY26: ₹10.79 lakh)
  • Earnings Per Share (Basic & Diluted): ₹0.37 (Q1 FY26: ₹0.10)
  • Paid-up Equity Share Capital: ₹1,097.57 lakh (10,975,700 equity shares of ₹10 each)

Consolidated Financial Results (Q1 FY27)

  • Total Income: ₹1,333.03 lakh (Q1 FY26: ₹1,251.78 lakh)
  • Revenue from Operations: ₹1,294.94 lakh (Q1 FY26: ₹1,278.22 lakh)
  • Other Income: ₹38.09 lakh (Q1 FY26: -₹26.44 lakh)
  • Total Expenses: ₹1,240.58 lakh (Q1 FY26: ₹1,216.78 lakh)
  • Profit Before Tax: ₹92.44 lakh (Q1 FY26: ₹35.00 lakh)
  • Net Profit for the period: ₹92.44 lakh (Q1 FY26: ₹35.00 lakh)
  • Attributable to Owners: ₹83.20 lakh
  • Attributable to Non-Controlling Interest: ₹9.24 lakh
  • Earnings Per Share (Basic & Diluted): ₹0.76 (Q1 FY26: ₹0.32)
  • Subsidiary (VEM Plastic Moulding) Revenue: ₹682.11 lakh
  • Subsidiary (VEM Plastic Moulding) Net Profit: ₹51.40 lakh

Dates of Action

  • Board Meeting Date: 12th August 2026 (3:00 PM to 5:45 PM)
  • Financial Period Ended: 30th June 2026
  • AGM Date: Proposed for Thursday, 24th September 2026
  • Register of Members Closure: From Thursday, 17th September 2026 to Thursday, 24th September 2026 (both days inclusive)

Parties Involved

  • Stock Exchange: BSE Limited
  • Subsidiary: VEM Plastic Moulding Private Limited
  • Statutory Auditor: Mr. Girish L. Shethia, Chartered Accountant
  • Managing Director: Mr. Mahesh Ratilal Shah (DIN: 00217516)

Board Decisions and Rationale

1. Approval of Financial Results: The Board approved the un-audited standalone and consolidated financial results for the quarter ended 30th June 2026.

2. Notice of AGM: Approved the notice for the 39th Annual General Meeting proposed to be held on 24th September 2026 through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

3. Annual Report: Approved the Annual Report and Director's Report for FY 2025-26.

4. Rights Issue Update: The meeting for consideration of the Rights Issue agenda will be convened upon receipt of necessary in-principle approval from BSE Limited, which is currently under process.

5. Increase in Authorized Share Capital: Approved a proposal to increase the authorized share capital from ₹18,00,00,000 (1,80,00,000 equity shares of ₹10 each) to ₹27,00,00,000 (2,70,00,000 equity shares of ₹10 each), subject to shareholder approval at the ensuing General Meeting.

6. Re-appointment of Auditor: Re-appointed Mr. Girish L. Shethia, Chartered Accountant, as Statutory Auditor for a period of 5 years, subject to shareholder approval.

Financial and Operational Impact

  • The financial results represent the company's Q1 FY27 performance showing improved profitability compared to Q1 FY26.
  • The proposed increase in authorized share capital would enable future capital raising activities.
  • The re-appointment of the auditor ensures continuity in statutory audit services.

Capital Structure Impact

  • The authorized share capital increase proposal, if approved by shareholders, would allow for the issuance of up to 90 lakh additional equity shares.
  • No immediate change to paid-up capital reported in the current financial results.