Virat Industries Ltd

CFO resignation

• Type of change: resignation of Chief Financial Officer and Key Managerial Personnel.
• Name and designation: Mr. Bhavik Maisuria, Chief Financial Officer.
• Effective date: last working day 31 December 2026.
• Reason: personal reasons.
• Cessation as KMP and for materiality disclosures from 31 December 2026.
• Professional profile: not provided.
• Relationships with other directors: not disclosed.
• Impact on governance: not specified.

Financial snapshot

• Total income ₹3307.16 lakh; up slightly from ₹3267.23 lakh.
• Export sales ₹2381.51 lakh; exports ~72% of total revenue.
• PAT ₹493.87 lakh; margin improvement versus prior year.
• EBITDA ₹720.81 lakh; margin ~29% of net sales.
• EPS ₹3.74; cash profit ₹543.95 lakh.

Capital structure & capital actions

• Equity capital increased to ₹145.233 crore via preferential issue.
• Authorized capital raised to ₹15 crore.
• Preferential issue of 95,99,999 shares at ₹104; listing approvals obtained.
• Trading approval received 9 Apr 2026; preferential issue completed.

Corporate actions & governance

• Board approved to rescind change of name; Virat to remain.
• New MOA alignment adopted; objects broadened.
• Scale-up of business: real estate, holding, and construction materials in scope.
• Independent directors appointed; several resignations occurred in 2025.

Operations and geography

• Main business: premium socks for export; 91% output exported.
• Production: 46.94 lakh pairs; down from 69.80 lakh prior year.
• Geographic mix: Europe leads revenue; UK, Switzerland, India, Rest of World segments.
• Exported units: 46.94 lakh pairs; exports 91% of output.

Governance, audit & controls

• Statutory Auditor: M/s B. K. Khare & Co; no qualifications.
• Secretarial Auditor: Vishal Dewang & Associates; MR-3 clean report.
• Internal controls: adequate; no material weaknesses observed.

Risks & outlook

• Forex and commodity price volatility; hedging via forwards.
• Geopolitical and regulatory risk affecting exports and supply chain.
• Outlook: potential D2C platform; expansion and efficiency gains.

Related party transactions

• Car lease with Shapoorjee Chandabhoy Finvest Pvt Ltd; board approval 13 Aug 2025.

Virat Industries Ltd trading window closed from October 1, 2026 till the 48 hours after the declaration of the Financial Results of the Company for the quarter and half year ended on September 30, 2026 for all the Promoters/ Board Members/ Officers/ Designated employees and specified Connected Persons of the Company.

Name change

• Old name: Virat Industries Limited; new name: Brahm Virat Industries Corporation Limited.
• Effective date: 15 September 2026.
• ROC approved name change; Certificate of Incorporation issued.
• CIN remains L64200GJ1990PLC014514.
• MOA/AOA amended to reflect the new company name.
• Shareholder approval obtained for the change.
• Two-year display requirement; no material impact on rights or operations.

Purpose & Resolution

• Approve related party acquisition of 70.28% BWLCPL via preferential issue at ₹27 per share.
• Ordinary resolution under Companies Act and LODR.
• Key terms: 3,51,85,185 BWLCPL shares at ₹27; 70.28% post-acquisition.
• Total consideration approximately ₹95 crore.
• Promoter group interest: Bhavook Tripathi and Namrata Dudaney.
• All related parties will abstain from voting.
• Subject to applicable approvals and execution.

Timing & Outcome

• EGM date: Oct 1, 2026; e-voting window: Sept 28–30.
• Voting outcome not disclosed in the notice.

Impact on Control

• Post-acquisition, Virat to hold 70.28% of BWLCPL.
• BWLCPL becomes Virat-controlled via this investment.

Use of Funds & Rationale

• BWLCPL funds to be used for growth, expansion and synergies.
• One-time investment to enable strategic opportunities.
• 35,185,185 shares proposed; ₹27 per share.
• Expected Virat stake after investment: 70.28%.

Governance & Compliance

• RPT standards complied; Audit Committee approved; Board recommended.
• Promoter/director interest disclosed; related parties abstain.
• BWLCPL renamed to Brham Well-Being & Lifestyle Corporation Private Limited.
• Explanatory Statement and Annexures provided for members.
• Valuation report by Payal Gadda dated 13.08.2026 enclosed.

Key Dates & Annexures

• Cut-off date for voting: 24 Sept 2026.
• EGM scheduled Oct 1, 2026, 5 PM.
• E-voting window: 28–30 Sept 2026.

Book closure and record date

• Book closure: 25 September 2026 to 1 October 2026 (both days inclusive).
• Record date for EGM: 24 September 2026.
• Purpose: EGM.
• Security: Equity shares (Scrip 530521).

Meeting Details

• 21 Aug 2026, 05:00 PM–07:00 PM, virtual Analyst/Investor Meet by Virat Industries.

Participants

• Key participant: Managing Director of Virat Industries Limited.

Purpose

• Revised schedule of analyst/investor meetings and presentation.

Additional Notes

• Login link for investor meet via Teams; presentation enclosed; details unchanged.
• Presentation enclosed; will be available on the company website.

NSE trading status

• NSE admitted Virat Industries shares to dealings on NSE Capital Market from Aug 17, 2026.
• Virat's shares are listed on BSE only; NSE trading will be in 'Permitted to Trade' category.
• Regulatory circular dated Aug 14, 2026 enclosed; no impact on current BSE listing status.