VSF Projects Limited has announced the outcome of its Board of Directors meeting held on August 10, 2026. The board approved the unaudited financial results for the quarter ended June 30, 2026, along with the limited review report. Key re-appointments of independent directors, Mr. Ramesh Babu Nemani and Mr. Sriramshetty Srinivasa Rao, for a second term were also approved, subject to member approval. The Director’s Report for the financial year ended March 31, 2026, was also approved.
Board Meeting Highlights and Financials
The Board of Directors of VSF Projects Limited convened on Monday, August 10, 2026, at the company’s corporate office. During the meeting, the board considered and approved several key agenda items, including the unaudited financial results for the quarter ended June 30, 2026. The accompanying Limited Review Report for these results was also taken on record.
Director Re-appointments
Following recommendations from the Nomination and Remuneration Committee, the board approved the re-appointment of two independent directors for a second term. Mr. Ramesh Babu Nemani (DIN: 08089820) and Mr. Sriramshetty Srinivasa Rao (DIN: 00895774) will serve for another five consecutive years, effective from November 15, 2026, to November 14, 2031. These re-appointments are subject to the approval of the company’s members through a Special Resolution at the upcoming 34th Annual General Meeting.
Director’s Report and AGM Notice
The board also gave its approval for the Director’s Report, along with its annexures, for the financial year ended March 31, 2026. Additionally, the notice convening the 34th Annual General Meeting of the Company was approved. The board meeting commenced at 5:15 PM and concluded at 6:15 PM.
Financial Performance Summary (Quarter Ended June 30, 2026)
The unaudited financial results indicate a total income of ₹9.82 Lakhs for the quarter ended June 30, 2026. Total expenses for the same period amounted to ₹22.86 Lakhs, resulting in a net loss before tax of ₹13.04 Lakhs. The loss per equity share (basic and diluted) was ₹0.04.
For the year ended March 31, 2026, the total income was ₹63.64 Lakhs, with total expenses of ₹103.73 Lakhs, leading to a loss before tax of ₹40.09 Lakhs. The loss per equity share (basic and diluted) for the year was ₹0.26.
Source: BSE
