Virat Industries Ltd

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.

Investor meetings

• Date: 21 August 2026; virtual investor/public meeting (1x1/Group).
• Purpose: Analyst/institutional investor and public interaction.

Acquisition proposal conference call

• Date/Time: 21 August 2026 at 17:00 IST; virtual conference call.
• Purpose: Discuss acquisition stake in Brahm Lifestyle Products Private Limited.
• Participants: MD and Non-Executive Director from Virat Industries.
• Organizer: Virat Industries Limited.

Event details

• Investor meeting on 21 August 2026 at 17:00 IST to discuss stake in Brahm Lifestyle Products Private Limited.
• Meeting is a group call; no UPSI will be discussed.
• Presentation and joining credentials will be shared separately.
• Subject relates to potential acquisition of stake in Brahm Lifestyle Products Private Limited.
• No material UPSI is expected to be discussed.

Board actions

• Board approved standalone unaudited Q1 FY27 results for quarter ended June 30, 2026.
• Unmodified opinion on the limited review report on the results.
• Approved policy for determining material subsidiaries; accessible on the company website.
• Approved acquisition of 70.28% equity in Brahm Lifestyle Products Private Limited.
• Acquisition to be funded by cash; cost ₹95 crore; completion in ~4 months.
• Acquisition constitutes a related party transaction as promoter group holds target.
• Proposed stake to be acquired: 70.28% of target equity.
• Promoter group currently holds 93.27% of target paid-up capital.
• Turnover FY2025-26: ₹4,94,49,768; paid-up capital ₹14,88,00,000.
• BLPPL operates across wellness, lifestyle; presence in India and UAE.
• Acquisition expected to strengthen growth and diversification of Virat.
• Date of meeting: 13 August 2026.
• Audit Committee and Members approvals to be obtained for Related Party Transaction.

Financial performance

• Total income: ₹33.07 crore for year ended 31 Mar 2026.
• Revenue from operations: ₹24.85 crore; export ₹23.82 crore; domestic ₹1.03 crore.
• Operating EBITDA: ₹7.21 crore; net profit after tax: ₹4.94 crore.
• PAT rose from ₹0.90 crore to ₹4.94 crore YoY.
• Earnings per share: ₹3.75 (basic and diluted).
• Dividend declared for FY2025-26: none.
• Export sales: ₹23.82 crore; export share remains dominant.
• Capex on PPE: ₹2.55 crore.
• Cash from operations: ₹2.54 crore; year-end cash and cash equivalents: ₹5.78 crore.
• Net debt position: long-term borrowings nil; current maturities ₹5.40 million.

Capital structure and capital actions

• Preferential allotment: 9,599,999 shares at ₹104; approx ₹9.98 crore raised.
• Post-issue paid-up capital: ₹14.523 crore; outstanding shares: 14,523,339.
• Listing approvals: listing approval received 27 Mar 2026; trading approval 9 Apr 2026.
• Top holders: Bhavook Tripathi 66.10%; BT Capital 6.90%; Shapoorjee Finvest 5.33%.
• Debt status: long-term borrowings nil; current maturities ₹5.4 million.
• Export packing credit facilities in place.

Business developments and strategy

• Strategy: launch D2C platform; boost presence on e-commerce marketplaces.
• New MOA adoption; broadened business scope.
• Name-change plan: Brahm Virat Industries Corporation Limited; earlier name change resolution rescinded.
• Major customers: Migros Federation, Footasylum, Buffalo Private Label.
• Production and dispatch: produced 47.36 lakh pairs; dispatched 46.94 lakh; export share about 91%.

Governance and board

• Board size seven: 1 ED, 3 NED, 3 Independent Directors.
• Independent directors appointed: Supriya Shete, Neha Tikam, Vilas Potdar in 2025 AGM.
• Board meetings held eight times in FY2025-26.
• Audit Committee: 3 IDs and MD; met four times.
• Nomination & Remuneration Committee: independent directors; met five times.
• MD remuneration: ₹51.08 lakh; WTD remuneration: ₹1.56 lakh (2025).

Risk management and CSR

• FX risk exposure; hedged with forward contracts.
• CSR policy adopted; CSR obligations applicable post FY2026.
• Internal controls adequate; tested by internal and statutory audits.
• Maternity benefits compliant with Maternity Benefit Act.

Related party transactions

• Related party transactions are arm's length; disclosed in Annexure III.
• Promoter-group car lease: ₹111,767 monthly; board approved 13 Aug 2025.
• Director sitting fees payable to promoter group: ₹390k at year-end.
• Promoter-group remuneration: ₹6.396 lakh; related party disclosure in Annexure III.

AGM and regulatory updates

• 36th AGM via VC/OAVM on 6 Aug 2026; notice addendum covers MOA/object changes.
• Remote e-voting window: Aug 3–5, 2026; cut-off date: July 30, 2026.
• MCA circulars permit AGM via VC/OAVM; actions noted accordingly.

AGM Details

• AGM on 06 August 2026 at 5:00 PM IST via VC/OAVM.
• Register of Members and transfer books closed 31 July to 6 August 2026.

Resolutions

• Ordinary: Adoption of audited financial statements and boards' report.
• Ordinary: Re-appointment of Bhavook Tripathi by rotation.
• Special: rescind the 2025 name-change resolution.
• Special: alter MOA and adopt a new MOA aligned with the Companies Act.
• Special: adopt a new MOA replacing the existing MOA.
• Special: change name to Brahm Virat Industries Corporation Limited.

Voting Status

• Voting results for resolutions are not disclosed in this excerpt.
• Dividend details not reported in this chunk.
• Directors: only re-election item; no other director changes stated.

Dividend

• Dividend proposal/approval not reported in this excerpt.

Directors

• Re-election of Bhavook Tripathi (DIN: 02198554) by rotation.

Auditors

• Statutory auditor certificate attached; no changes in appointment disclosed.

MOA/Objects/Name Change

• Special: name change to Brahm Virat Industries Corporation Limited subject to approvals.
• Special: align MOA with Companies Act 2013 and adopt a new MOA.
• Special: broaden object clause to include textiles, investments, holding, real estate, and construction materials.