Veljan Denison Announces Financial Results for Q1 FY26 and Details Key Board Decisions
Veljan Denison Ltd held a Board of Directors meeting on August 3, 2026, where it reviewed its unaudited financial results for the quarter ended June 30, 2026. The company also approved several key corporate actions, including the re-appointment of directors and auditors, and set the date for its upcoming Annual General Meeting (AGM).The Board meeting, conducted via Video Conference, addressed matters covering both operational performance and future organizational structure, including the adoption of new governing documents.
Financial Performance Overview
The company presented its unaudited financial results across standalone and consolidated segments for the quarter ended June 30, 2026.Standalone Unaudited Results (Quarter Ended June 30, 2026)
(Figures are in Lakhs)
| Particulars | Quarter Ended June 30, 2026 | March 31, 2026 (Audited) | June 30, 2025 | March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 3,906.61 | 4,083.42 | 3,853.05 | 14,799.37 |
| Other Income | 106.99 | 94.03 | 67.36 | 306.03 |
| Total Revenue (1+2) | 4,013.60 | 4,177.45 | 3,920.41 | 15,105.40 |
| Total Expenses | 2,996.41 | 3,275.32 | 2,956.98 | 11,654.53 |
| Profit before tax | 1,017.19 | 902.13 | 963.43 | 3,450.87 |
| Profit after tax (net) | 746.19 | 657.38 | 710.96 | 2,496.49 |
Consolidated Unaudited Results (Quarter Ended June 30, 2026)
(Figures are in Lakhs)
| Particulars | Quarter Ended June 30, 2026 | March 31, 2026 (Audited) | June 30, 2025 | March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 4,347.52 | 4,590.52 | 4,262.22 | 16,407.99 |
| Other income | 112.19 | 87.12 | 72.62 | 310.30 |
| Total Revenue (1+2) | 4,459.71 | 4,677.64 | 4,334.84 | 16,718.29 |
| Total Expenses | 3,409.05 | 3,749.50 | 3,340.00 | 13,146.81 |
| Profit before tax (approx) | N/A | 928.14 | 994.84 | 3,571.48 |
| Total Comprehensive Income for the Period | 767.79 | N/A | 733.37 | 2,552.89 |
Key Corporate Appointments and AGM Details
The Board meeting confirmed several important appointments and set dates crucial for shareholders.Director and Auditor Re-appointments:
- Dr. Suresh Akella was re-appointed as a Non-Executive Independent Director for a second consecutive term of five years, effective from September 30, 2026, up to September 29, 2031.
- M/s SRK & Co., Cost Accountants, were re-appointed as the Cost Auditors for the Financial Year 2026-27, subject to ratification by the Members at the AGM.
- Mr. V. G. Srinivas was recommended for re-appointment, having retired by rotation and offering himself for the role.
Shareholder Meetings:
- The 52nd Annual General Meeting (AGM) of the Company is scheduled for Saturday, August 29, 2026, at 11:00 A.M. at the Registered Office.
- August 22, 2026, has been fixed as the Record Date/Cut-off Date for determining eligibility for AGM attendance, remote e-voting, and dividend payment, subject to Member approval.
- The Board approved the convening of the 52nd AGM and the closure of the Register of Members and Share Transfer Books from August 23, 2026, to August 29, 2026, for the purpose of the AGM and dividend payment.
Constitutional Changes:
The Board approved the adoption of a new set of Memorandum of Association (MOA) and Articles of Association (AOA), in substitution of existing documents, subject to Members' approval at the ensuing AGM. The alteration of Clause III(A) (Main Objects) of the MOA by inserting a new Sub-Clause 5 was also approved, aimed at broadening the Company’s business objectives in line with future growth plans, pending shareholder ratification.
Independent Auditor Review
The company received reports from its independent auditors regarding the quarterly unaudited financial statements. These reviews confirmed that the results were prepared according to Indian Accounting Standards (Ind AS) and that nothing came to the auditor's attention that suggested a material misstatement in the reported figures.VELJAN Stock Price Movement
Shares of Veljan Denison Limited shed 3.32% in trade today, closing out the session at ₹1694.30. Trading activity remained relatively muted as the company settled on this rate after only 2,623 shares were transacted throughout the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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