Venlon Enterprises Ltd

Going concern & results

• Unaudited quarter ended Jun 30, 2026; results prepared on 'Other than Going Concern' basis.
• Manufacturing ceased Dec 31, 2025; lessee closure ended rental income Jan 1, 2026.
• No separate reportable segments since 2018; prior segments discontinued.
• Net worth eroded; current liabilities exceed current assets as of Jun 30, 2026.
• ECB loan USD 13.85m, interest-free; reclassified as Other Equity; moratorium to Apr 2030.
• Plan to liquidate remaining assets over 2–3 years; land classified non-current.
• Auditor's review unmodified; Emphasis of Matter on going concern.
• Film, Formaldehyde, Para-formaldehyde and Wind-mill segments discontinued.

Asset disposal & viability plan

• Plan to liquidate remaining assets; closing inventory realized; shareholder approval noted for asset disposal.
• Land asset is a large parcel; realization anticipated over 2–3 years.
• Lenders moratorium on ECB loan extended; repayments remain interest-free.
• Past segment discontinuations include Film (2018) and Formaldehyde/Para-formaldehyde/Wind-mill closures.

Dematerialisation status

• Dematerialisation requests processed; securities mutilated and cancelled after verification, with depository substituted as registered owner within 15 days.
• Securities dematerialised are listed on the stock exchanges where the earlier issued securities are listed.
• Details of dematerialised transfers furnished to the stock exchange.

Meeting and Resolution Details

• EGM of Venlon Enterprises Limited held on 13 March 2026.
• One special resolution considered: appointment of an Independent Director.
• Promoters/promoter group not interested or participating in the resolution.

Voting Outcome and Shareholder Participation ️

• Total shares outstanding: 52,242,494; votes polled: 15,615,423 (29.89% turnout).
• Public Non-Institutions voted 75.48% of their shares, with 99.99% in favor.
• Resolution approved with overwhelming majority; 0.002% votes against.

Impact on Shareholding and Control

• No change in promoter shareholding or control reported from this resolution.

Board Appointment

• EGM held on 13 March 2026 to consider appointment of Mr. Devaraja Murthy N K as Independent Director.
• Special resolution proposed for the appointment of Mr. Devaraja Murthy N K as Independent Director.

Voting and Outcome

• Voting conducted via remote e-voting and ballot paper at the meeting.
• Scrutinizer appointed to oversee voting process and ensure transparency.
• No details disclosed on voting outcome or changes to shareholding/control.

🗓️ Meeting Details

• Board meeting scheduled for 14 February 2026 at 4:00 p.m.

📊 Financial Results

• Board to consider unaudited financial results for quarter ended 31 December 2025.