Vaarad Ventures Ltd

AGM Details

• AGM held in late September 2026, morning session.
• Mode: physical meeting at the registered office.
• Remote e-voting prior to meeting; ballot voting at meeting.
• Quorum present; books and records available for inspection.
• Meeting concluded; Scrutinizer's report to be declared within prescribed time.

Key Resolutions

• Adopt audited standalone and consolidated financial statements for the year.
• Re-appoint director by rotation.
• Appoint firm as Statutory Auditor to fill casual vacancy.
• Appoint Statutory Auditor for a five-year term.
• Appoint Company Secretaries as Secretarial Auditor for five financial years.
• Regularize appointment of Independent Director for five-year term.

Voting Results

• Outcome pending for adoption of financial statements.
• Outcome pending for director re-appointment by rotation.
• Outcome pending for casual vacancy auditor appointment.
• Outcome pending for five-year auditor appointment.
• Outcome pending for secretarial auditor appointment.
• Outcome pending for Independent Director appointment.

Director Changes

• Director re-appointment by rotation.
• Independent Director appointment for five-year term.

Auditor Appointments

• Casual vacancy filled by Statutory Auditor; tenure until next AGM.
• Statutory Auditor appointed for five consecutive years.
• Secretarial Auditor appointed for five consecutive financial years.

Vaarad Ventures Ltd - Closure of Trading Window from October 1, 2026 for the quarter ended September 30, 2026; shall be re-opened 48 hours after the Unaudited Financial Results (Standalone & Consolidated) for the 2nd quarter ending on September 30, 2026 become generally available

Book closure and AGM details

• Book closure for equity shares from 23 Sep 2026 to 30 Sep 2026 (both days inclusive).
• AGM scheduled for 30 Sep 2026 at 09:30 A.M.
• Record date fixed at 22 Sep 2026 for voting entitlement.
• E-voting cut-off date is 23 Sep 2026.
• Security: Equity shares (Scrip code 532320).

Financial snapshot

• Standalone revenue from operations was 0.00; consolidated revenue was 0.00.
• Standalone PBT was a loss of ₹1,547.48 thousand.
• Standalone net loss after tax: ₹1,547.48 thousand.
• Consolidated PBT stood at ₹2,189.84 thousand loss.
• Consolidated net loss after tax: ₹2,189.84 thousand.
• Standalone basic EPS: -₹0.01; consolidated basic EPS: -₹0.009.
• Dividend for FY2025-26 not declared.
• Net cash from operations: standalone -₹323 thousand; consolidated -₹2,172.22 thousand.
• Total assets standalone: ₹3,10,606 thousand; consolidated: ₹2,82,955.64 thousand.

Dividends & capital returns

• No dividend declared for the financial year 2025-26.

Capital structure & shareholding

• Paid-up equity capital: ₹2,49,903 thousand.
• Promoter group holds 71.19% of equity as of 31 Mar 2026.
• Total shareholders: 3,632; shares outstanding: 24,99,03,000.
• Top holders: Tanvi Vikram Doshi 42.09%; Leena Doshi 15.18%; Harsh Doshi 12.19%; Kimaya Wellness 15.12%.
• Dematerialised shares: 92.34%; Physical: 7.66%.

Governance & board

• Board comprised six directors; two women; mix of executives and independents.
• Five Board meetings held in FY2025-26; attendance 5/5.
• Audit Committee: 3 members; chaired by Nitin Datanwala; all recommendations accepted.
• Mahendra Sanghavi regularised as Independent Director for five years from Sep 30, 2026.
• Statutory auditors changed: J. D. Jhaveri resigned; RR Tibrewala appointed.

Audits & compliance

• Statutory audit: RR Tibrewala appointed; no qualifications reported.
• Secretarial audit: no material noncompliance; independence maintained.
• Excel records lack audit trail; timely reconciliation and traceability emphasized.
• Internal financial controls updated; deemed adequate and operating effectively.

Subsidiaries & group structure

• Subsidiaries as of 31 Mar 2026: Atco Limited; Edesk Services Limited.
• Atcomaart Services Limited is a step-down subsidiary.
• Consolidated financials include these subsidiaries; Form AOC-1 annexed.

Outlook & risks

• MD commentary: NBFC focus on core investments, prudent capital allocation, and portfolio strengthening.
• Sector risks include tighter competition and regulatory changes impacting NBFC profitability.
• Credit, liquidity, and interest-rate risks acknowledged with an active risk management framework.

Appointments

• Appointment of Mr. Mahendra Jagmohan Sanghvi as Additional Director (Non-Executive, Independent) effective Sept 7, 2026.
• First term five years from Sept 7, 2026 to Sept 6, 2031.
• Subject to Members' Special Resolution approval at the ensuing 32nd AGM.
• Independence confirmed; fulfils criteria under Companies Act 2013 and SEBI Regulations.
• Not debarred from holding director office by SEBI, MCA, or authorities.
• Board approved the appointment at the meeting held Sept 7, 2026.
• Brief profile: experience in business administration, governance and finance; linked with several entities.
• Relationship: Not related to any Director.

Financial results and reporting

• Unaudited standalone and consolidated results for the quarter ended 30 June 2026 approved.
• Limited Review Reports by Statutory Auditors issued for the results.
• Company operates in a single reportable segment; no separate segment reporting.
• Results to be published in Business Standard and Mumbai Lakshadeep.

Governance changes

• Cessation of Nitin Hariyantlal Datanwala as Non-Executive Independent Director effective Aug 10, 2026.
• Cessation of Leena Vikram Doshi as Chairperson; continues as MD and ED.
• Appointment of Piyush Arun Vora as Regular Non-Executive Independent Chairperson from Aug 11, 2026.

Auditors and Secretarial appointments

• Internal Auditor appointed: Hemraj Chheda & Co. for FY 2026-27.
• Secretarial Auditor appointed: Sanil Dhayalkar & Co. for FY 2025-26; subject to AGM.

Regulatory disclosures

• Disclosures under SEBI LODR Regulations enclosed.

Meeting Details

• Scheduled board meeting on August 10, 2026 at 5:00 PM.
• Venue: 301 A, Floor-3, Plot-8, Wadala Udyog Bhavan, Mumbai 400031.

Key Agenda Items

• Consider and approve Standalone and Consolidated Unaudited Financial Results for Q1 FY2026 (quarter ended June 30, 2026).

Other Notes

• Trading window remains closed for 48 hours after results are made public.