Valiant Communications Ltd

Valiant Communications Ltd Trading Window Closure

AGM Details

• 30 Sep 2026, 10:00 IST, via VC/OAVM.
• Voting cut-off date: 23 Sep 2026.
• AGM concluded at 10:58 AM after 15-minute poll extension.

Key Resolutions (Ordinary)

• Adopt standalone financials and reports; passed 99.99998% in favour, 0.00002% against.
• Adopt consolidated financials and reports; passed 99.99998% in favour, 0.00002% against.
• Dividend of Rs 1.50 per share approved; 99.99998% in favour, 0.00002% against.
• Re-appointment of Inder Mohan Sood as Director; 99.99998% in favour, 0.00002% against.
• Re-appointment of Davinder Mohan Sood as Director; 99.99998% in favour, 0.00002% against.

Dividend

• Dividend declared/approved: Rs 1.50 per equity share.

Director Changes

• Re-appointment of Inder Mohan Sood (by rotation) as Director.
• Re-appointment of Davinder Mohan Sood (by rotation) as Director.

Auditors

• No changes to auditors; reports unqualified; existing statutory and secretarial auditors active.

Related Party Transactions

• No material related party transactions approved at the AGM.

LOA details

• Awarding entity: System Integrator (Private), a domestic entity.
• Nature and scope: Supply of communication and grid-protection solution; includes services and AMC.
• Contract value: INR 4,025 Lacs inclusive of taxes.
• Execution deadline: By 31-12-2028.
• End-user: Indian Power Utility Sector.
• Promoter/group interest: No; related party involvement: No; arm's length not applicable.

Order details

• Awarding entity: System Integrator (Private) (domestic).
• Nature and scope: Supply of communication and protection solution per technical requirements.
• Contract value: INR 1,388 Lacs inclusive of taxes.
• Timeframe: Execution by 30-09-2027.
• Related party: None.
• Arm's length: Not applicable.
• Contract type: Supply-only.

AGM and annual report update

• 33rd AGM scheduled for September 30, 2026 at 10:00 AM IST via VC/OAVM.
• Annual Report 2025-26 linked for shareholders without registered email addresses.
• Web-link for the Annual Report: valiantcom.com/corporate/annual_reports/annual_reports.html.
• Email registration cut-off date set at August 28, 2026.
• KYC update urged to enable electronic payments and dematerialisation of physical securities.
• Registrar and Transfer Agent MUFG Intime India Private Limited to manage communications.
• Investor relations contact: investors@valiantcom.com.

Financial highlights

• Standalone revenue from operations: 8,411.37 lacs.
• Consolidated revenue from operations: 8,487.29 lacs.
• Standalone EBITDA: 3,235.03 lacs; Net profit: 2,165.64 lacs; EPS: 18.93.
• Consolidated EBITDA: 3,520.24 lacs; Net profit: 2,418.07 lacs; EPS: 21.13.
• Dividend proposed: 1.50 per share; AGM approval required.

Capital structure & allocations

• Bonus issue completed; 38,14,030 shares; capital to 1,144.21 lacs.
• Warrants: 6,00,000; convertible at 768 each; max 4,608 lacs.
• Authorized capital: 1.5 crore; unchanged.
• Convertible warrants outstanding: 3,50,000 remaining.
• Dematerialisation: 99.13% of shares dematerialised.

Operations & growth

• Net revenues rose 66.9% to 8,411.37 lacs; domestic 85.78%.
• Major orders: PMU for BHEL; HK Electric, Kenya, Bulgaria, Uniper, Argentina.
• NavIC integration; GPS anti-jamming; Data Diodes added.
• Tailwinds: RDSS, data localization, DPDPA; R&D capex 187.96.

Governance & audit

• Statutory auditors: Pawan Nanak Bansal & Co; unqualified report.
• Secretarial audit: Bhalla & Associates; no qualifications.
• Garv Mohan Sood appointed WTD; Aditya Pratap Singh Independent.
• Whistleblower policy in place; no fraud reported.
• Related party transactions arm's length; Audit Committee oversight.
• CSR committee oversees CSR policy; CSR policy on website.

Subsidiaries & footprint

• Subsidiaries: Valiant Communications (UK) Ltd; Valcomm Technologies Inc.; Valiant Infrastructure Ltd.
• Geographic sales: India 7,215.24; USA 360.65; Europe 591.09; Rest of world 417.43.

CSR & ESG

• CSR spend: 16.06 lacs; PMNRF contribution 15.26; admin 0.80.
• Average net profit: 802.98; CSR obligation: 16.06.

AGM Details

• Date and time: 30 September 2026, 10:00 a.m. IST.
• Mode: VC/OAVM; venue deemed to be the Registered Office.

Key Resolutions (Ordinary)

• Ordinary: Adoption of Standalone Financial Statements for year ended 31 March 2026.
• Ordinary: Adoption of Consolidated Financial Statements for year ended 31 March 2026.
• Ordinary: Declaration of dividend of ₹1.50 per equity share.
• Ordinary: Appointment of Inder Mohan Sood as Director on rotation.
• Ordinary: Appointment of Davinder Mohan Sood as Director on rotation.

Dividend

• Dividend of ₹1.50 per equity share declared.

Director Changes

• Inder Mohan Sood to be re-appointed as Director on rotation.
• Davinder Mohan Sood to be re-appointed as Director on rotation.

Voting Results

• Voting outcomes not provided in filing.

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.