Vertoz Limited Reports Q3 Financial Results; Board Approves MD Re-appointment and Key Policy Updates

Vertoz Limited Reports Q3 Financial Results; Board Approves MD Re-appointment and Key Policy Updates​

Vertoz Limited, in a meeting held on August 13, 2026, announced several key corporate governance decisions, including the re-appointment of Mr. Hirenkumar Rasiklal Shah as Managing Director (MD), the appointment of M/s SHM & CO. as Internal Auditor, and the approval of numerous organizational policies following a review prompted by regulatory amendments.

The company released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with an Independent Auditor's Review Report on both sets of results. The management also provided detailed notes regarding subsidiary structures and capital activities.

Governance and Personnel Decisions​

MD Re-appointment:
The Board considered and approved the re-appointment of Mr. Hirenkumar Rasiklal Shah (DIN: 00092739) as the Managing Director of Vertoz Limited for a further term of five consecutive years. This proposal was put forward in advance, with the aim of placing it before the Members at the ensuing Annual General Meeting. The current term of office for Mr. Shah is set to expire on June 13, 2027.

Internal Auditor Appointment:
The Board approved the appointment of M/s SHM & CO. as the Internal Auditor of the company. This appointment is effective from August 13, 2026, for the Financial Year 2026-2027, and the firm will report to the Board of Directors and the Audit Committee.

Policy Amendments:
The board also approved the amendments and updates of several policies following a review conducted to align with prevailing regulatory requirements. The amended policies include:

• Code of Conduct for Prevention of Insider Trading and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information;
• Policy for Determination of Materiality of Events and Information;
• Nomination and Remuneration Policy;
• Policy on Diversity of Board of Directors;
• Code of Conduct for Board Members and Senior Management Personnel;
• Policy on Familiarization Programme for Independent Directors;
• Policy on Prevention of Sexual Harassment at Workplace;
• Policy for Identification of Material Litigation;
• Policy for Identification of Material Outstanding Dues to Creditors;
• Policy for Determining Material Subsidiary;
• Policy for Identification of Material Group Entities;
• Whistle Blower Policy.

Financial Performance Highlights (Q3 2026)​

The Unaudited Standalone Financial Results for the quarter ended June 30, 2026 showed significant figures across revenue and expenses compared to previous periods.

Statement of Unaudited Standalone Financial Results (in Lakhs)​

Statement of Unaudited Consolidated Financial Results (in Lakhs, except EPS)​

The consolidated results reflect the performance across the Group during the quarter.

Additional Operational Notes​

Interim Dividend:
During the quarter ended June 30, 2026, the Board of Directors declared an interim dividend of approximately 0.10 per equity share for the Financial Year 2026-27. The corresponding record date was fixed as June 5, 2026, and the dividend was paid on June 26, 2026.

Debt Instruments:
The company's wholly-owned subsidiary, IncrementX Private Limited (IXPL), issued 2,000 Compulsorily Convertible Debentures (CCDs) aggregating to approximately ₹20 crore in a private placement on June 25, 2025. During the quarter ended June 30, 2026, the company paid approximately ₹5 crore to Blue Ashva towards this arrangement, against which CCDs aggregating to approximately ₹5 crore were received from Blue Ashva.

VERTOZ Stock Price Movement​

On Thursday, shares of Vertoz Limited edged higher, settling at ₹35.99 after rallying 1.44% in the session. The stock saw a traded volume of 54,076 shares during this upward movement.