Valiant Communications Ltd

Dividend outline and AGM timing

• Board recommends Final Dividend of Rs 1.50 per equity share (15%) for FY2025-26.
• Dividend payable after shareholders' approval at the AGM on September 30, 2026.

Tax withholding and shareholder actions

• TDS on dividend as per Income Tax Act 2025; resident individuals have 10% above Rs 10,000.
• PAN/Aadhaar linking required for lower TDS; invalid PAN may trigger 20%.
• Non-residents and certain entities may have nil or reduced TDS under DTAA.
• Insurer, MF, and Category I/II AIF categories may be exempt from TDS.
• Deadline to submit Form 121 and annexures by September 8, 2026.
• Demat shareholders: submit Form 121 via their depository participant by Sept 8.
• Non-demat/physical: send documents to investors@valiantcom.com by Sept 8.
• The company will issue the TDS certificate after dividend payment.
• Update bank details and ensure KYC to enable timely dividend credit.

Financials and material orders

• Standalone Q1-CY2026-27: Revenue INR 2,514 Lacs; PAT INR 808 Lacs.
• Standalone EBITDA INR 1,163 Lacs; EBITDA margin 46.26%.
• Consolidated Q1-CY2026-27: Revenue INR 2,542 Lacs; PAT INR 779 Lacs.
• Consolidated EBITDA INR 1,134 Lacs; EBITDA margin 44.60%.
• Power Grid Corp order worth INR 1,071 Lacs for data storage, backup, GPS/NavIC time sync.
• End-user: Power Grid Corporation of India Limited; strategic entry into data-center market.
• Export/marketing wins: DoN Canada, Euro Tunnel, NY Power Authority, Schneider Electric Thailand, SGX.
• Management signals strong momentum; expects significant growth and gross order book momentum.

Financial results

• Standalone Q1 FY2026-27 unaudited results approved; Revenue 2,514 lacs; PBT 1,080; PAT 808; EPS 6.97.
• Consolidated Q1 FY2026-27 unaudited results approved; Revenue from operations 2,542 lacs; PAT 779; EPS 6.72.

Capital and governance actions

• Conversion of warrants: 2,50,000 equity shares issued on 07-05-2026; 3,50,000 warrants outstanding.
• Paid-up equity share capital post-conversion 1,169 lacs.
• Audit: Standalone and Consolidated results reviewed; limited review by statutory auditors with no material misstatement.
• Overseas subsidiaries (UK, USA) not audited; consolidated results include limited-reviewed figures for them.

Meeting Details

• Date: 12-08-2026; time and venue not disclosed.

Key Agenda Items

• Consider and record Unaudited (Reviewed) financial results for quarter ended 30-06-2026.

Other Notes

• Trading window closed for designated persons until 48 hours after results announcement.

Threat landscape and solution

• Hardware-based isolation outperforms software security against zero-days (VCL products).
• VCL's Network Isolation Kill Switch and Network MouseTrap deliver demonstrable protection.

Regulatory alignment and compliance

• VCL architecture supports IEC 62443 and IEC 61850.
• Aligns with NCIIPC guidelines, CERT-In directions, CEA Cyber Security Regulations (2024, enforceable from April 2027), and NCRF 2024.
• UK NCSC CAF 4.0 and the Cyber Security and Resilience Bill 2025 require active intrusion detection and isolation.

Threat statistics and context

• Over 23,600 vulnerabilities published in H1 2025, up 16% versus 2024.
• Nearly 30% of Known Exploited Vulnerabilities were weaponised within 24 hours.
• Nearly 90 zero-day vulnerabilities observed in active exploitation during 2025.
• Ransomware incidents rose 36%, with attackers targeting edge devices and OT.

Dematerialisation/rematerialisation status

• Details of dematerialised securities for quarter ended 30-06-2026 were furnished to all stock exchanges.
• Securities dematerialised have been listed on the stock exchanges where the earlier issues were listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner.

Valiant Communications Limited: Trading window closed from July 1, 2026 until 48 hours after unaudited quarterly results for quarter ending June 30, 2026 are announced