VMS Industries Limited has formally submitted its Annual Report for the financial year ended March 31, 2026, in compliance with SEBI regulations. The report includes the audited financial statements, the Board’s Report, Corporate Governance Report, and other statutory disclosures. Key financial highlights indicate a revenue of ₹15,743.05 Lakhs and a net profit after tax of ₹146.29 Lakhs for the year, alongside details of operations, capital structure, and future outlook.
Annual Report Submission for FY 2025-26
VMS Industries Limited has officially submitted its Annual Report for the financial year ended March 31, 2026, adhering to the requirements of Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission was made on September 3, 2026.
Key Contents of the Annual Report
The comprehensive Annual Report contains several critical sections:
- Notice of the 34th Annual General Meeting
- Board’s Report with applicable annexures
- Corporate Governance Report
- Management Discussion and Analysis Report
- Independent Auditor’s Report for the financial year ended March 31, 2026
- Secretarial Audit Report and other relevant certificates
- Other statutory disclosures mandated by applicable laws
Financial Highlights and Operations Review
The company reported a revenue from operations of ₹15,743.05 Lakhs for the financial year 2025-26, a decrease from the previous year’s ₹28,855.88 Lakhs. The net profit after tax for the period stood at ₹146.29 Lakhs, compared to ₹680.45 Lakhs in the prior year. The Directors’ Report indicates no change in the nature of the company’s business, which remains ship recycling and trading of metals. The report also details the company’s capital structure, with an authorized share capital of ₹26,00,00,000/- and a paid-up share capital of ₹24,47,33,910/-.
Corporate Governance and Compliance
The report highlights the company’s commitment to corporate governance, detailing the composition of the Board of Directors, committee memberships, and their attendance at meetings. It also confirms compliance with various statutory and regulatory requirements, including the Sexual Harassment of Women at Workplace Act and the Whistle Blower Policy.
Future Outlook
The company’s future prospects in the Ship-Recycling industry at Alang Ship Breaking Yard are viewed optimistically, with expectations of increased activity driven by favorable availability of second-hand ships and demand for recycled materials. The management anticipates improved turnover and profitability ratios in the coming years.
Key Personnel
The Annual Report is signed by Mr. Hemal Patel, Company Secretary & Compliance Officer, for and on behalf of VMS Industries Limited.
Source: BSE
