VSF Projects Limited has announced the approval of the re-appointment of Mr. Ramesh Babu Nemani and Mr. Sriramshetty Srinivasa Rao as Independent Directors for a second term of five years. Their re-appointments are effective from November 15, 2026, to November 14, 2031, subject to shareholder approval. The company also reported its unaudited financial results for the quarter ended June 30, 2026, showing a net loss of ₹13.04 lakh.
Board Re-appoints Key Independent Directors
The Board of Directors of VSF Projects Limited, in its meeting held on August 10, 2026, has approved the re-appointment of two crucial independent directors for a second consecutive term. This decision aims to ensure continuity and stability within the company’s leadership structure.
Director Re-appointments
- Mr. Ramesh Babu Nemani (DIN: 08089820) has been approved for re-appointment as an Independent Director for a second term of five years. This term will run from November 15, 2026, to November 14, 2031.
- Mr. Sriramshetty Srinivasa Rao (DIN: 00895774) has also been approved for re-appointment as an Independent Director for a second term of five years. His term will similarly commence on November 15, 2026, and conclude on November 14, 2031.
Both re-appointments are contingent upon the approval of the company’s Members through a Special Resolution at the upcoming 34th Annual General Meeting.
Financial Results for Q1 FY27
The Board also considered and approved the Un-Audited Financial Results for the quarter ended June 30, 2026. Key highlights from the financial statement include:
- Total Income (I + II): ₹9.82 Lakh
- Total Expenses: ₹22.86 Lakh
- Profit/(loss) before exceptional items and tax (III – IV): (₹13.04) Lakh
- Profit/(loss) before Tax (V-VI): (₹13.04) Lakh
The company also took note of the Limited Review Report for these financial results. The Director’s Report for the financial year ended March 31, 2026, was also approved.
Annual General Meeting Notice Approved
Furthermore, 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 on August 10, 2026.
Source: BSE
