Heads Up Ventures Approves FY26 Financial Results; Unmodified Audit Opinion Received

Heads Up Ventures Approves FY26 Financial Results; Unmodified Audit Opinion Received​

Heads Up Ventures Limited, formerly The Mandhana retail Ventures Limited, announced the approval of its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors conducted the meeting on May 28, 2026, and consequently took on record the audited Standalone and Consolidated Financial Results.

The statutory auditor, M/S Shweta Jain & Co LLP, Chartered Accountants, issued an unmodified audit opinion on the company’s standalone and consolidated financial results for the year ended March 31, 2026.

Consolidated Financial Performance Overview​

The audited consolidated financial results demonstrate the overall financial position of the group. Analyzing the key financial statements reveals significant shifts in the company’s asset base and revenue stream.

A comparison of the Standalone Assets and Liabilities shows the following movement in total assets for Heads Up Ventures Limited:


The total equity stood at 1,533.09 Lacs as of March 31, 2026, compared to 1,533.46 Lacs on the previous year. The company’s major liability, Trade Payables, saw a substantial increase, reaching 2,594.84 Lacs in the current period from 14.17 Lacs previously.

Quarterly and Year-End Profitability​

The audited consolidated financial statements provide insight into the profitability trajectory.

In terms of total income, the company reported 1903.85 Lacs in Total Income for the year ended March 31, 2026. For the quarter ending March 31, 2026, total income was 280.22 Lacs.

The Profit (Loss) before exceptional items and tax stood at 23.76 Lacs for the full financial year, resulting in a total comprehensive income of (3.26) Lacs.

Standalone Financial Highlights​

The standalone financials showed different operational metrics compared to the consolidated view. The standalone Profit/Loss for the year ended March 31, 2026, was 23.76 Lacs.

For the period from April 1, 2025, to March 31, 2026, the Profit/Loss after exceptional items and tax was 23.76 Lacs.

Cash Flow Statement Analysis​

The consolidated cash flow statement provides a detailed look at the cash generation capabilities of the entity.


The analysis of working capital movements indicates a notable increase in Trade Payables, which grew to 2,580.67 Lacs, a significant increase from 0.70 Lacs in the previous year.

The annual standalone cash flow statement similarly reported a decrease in operating cash flow to (94.92) Lacs in FY26, down from 9.44 Lacs in FY25.

HEADSUP Stock Price Movement​

On Wednesday, Heads UP Ventures Limited shares edged higher to close at ₹7.3, gaining 0.97% for the session. The stock saw strong investor interest, handling a total volume of 21,808 shares during the trading day.