Fruition Venture accepts Shefali Kesarwani's resignation as Independent Director

1 min read Updated on 25 Jun 2026, 02:11 PM

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Ashish TScanX News Team

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Fruition Venture Limited accepted the resignation of Shefali Kesarwani as Non-Executive Independent Director effective June 25, 2026, due to personal commitments. The company confirmed there are no other material reasons for the resignation.

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Fruition Venture Limited has accepted the resignation of Shefali Kesarwani as a Non-Executive Independent Director, effective from the close of business hours on June 25, 2026. The resignation was submitted due to personal commitments and preoccupation with other activities, including positions on relevant Board Committees. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company confirmed that Kesarwani provided a declaration stating there are no material reasons for her resignation other than those cited in her letter. The Board placed on record its appreciation for her contributions during her tenure. The regulatory filing was signed by Nitin Aggarwal, Managing Director.

Kesarwani holds directorships in several other listed entities, including Kundan Minerals and Metals Limited, Kundan & Zeya Limited, Sapphire Media Limited, and Vista Furnishing Limited. In her roles at Sapphire Media Limited and Vista Furnishing Limited, she serves as Chairperson and Member of the Audit and Nomination & Remuneration Committees, respectively.

The following table outlines the key details of the board change:

S. No	Disclosure Requirement	Details
1.	Reason for change	Resignation of Ms. Shefali Kesarwani as Non-Executive Independent Director.
2.	Date of cessation	June 25, 2026
3.	Brief reason for resignation	Personal commitments and preoccupation with other activities.

Historical Stock Returns for Fruition Venture

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.99%	+22.72%	+20.74%	+5.17%	+18.86%	+367.88%

Who will Fruition Venture Limited appoint to fill the vacancy left by Shefali Kesarwani, and how might this impact board dynamics?

Will the resignation trigger any changes in the composition of key board committees, particularly those overseeing audit and governance?

How might the departure of an experienced independent director affect investor confidence in the company's governance standards?

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Fruition Venture FY26 net loss widens to ₹98.27 lakh

1 min read Updated on 30 May 2026, 02:58 PM

Reviewed by

Suketu GScanX News Team

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Fruition Venture Limited reported a net loss of ₹98.27 lakh for FY26, widened from ₹21.92 lakh in FY25, despite revenue from operations rising to ₹520.42 lakh. The board approved the audited standalone financial results on May 29, 2026.

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Fruition Venture Limited reported a net loss of ₹98.27 lakh for the financial year ended March 31, 2026, widening from a net loss of ₹21.92 lakh in the previous year. The company's board approved the audited standalone financial results for the quarter and fiscal year during a meeting held on May 29, 2026. Revenue from operations for the year stood at ₹520.42 lakh, a significant increase from ₹362.82 lakh in FY25, while total income from operations rose to ₹520.42 lakh from ₹362.82 lakh.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹134.14 lakh, compared to a loss of ₹9.53 lakh in the corresponding quarter of the previous year. Revenue from operations for Q4FY26 was ₹148.24 lakh, up from ₹109.71 lakh in Q4FY25. The board noted that the audited standalone financial results were prepared in accordance with Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 and reviewed by the audit committee.

Financial Performance

The company's net profit before tax for FY26 was ₹38.53 lakh, compared to a loss of ₹14.93 lakh in the previous year. However, after tax, the company reported a net loss of ₹98.27 lakh. The basic earnings per share (EPS) for FY26 was reported as a loss of ₹1.95, compared to a loss of ₹0.85 in FY25. For the quarter ended March 31, 2026, the basic EPS was a loss of ₹3.35.

Balance Sheet and Cash Flow

The company's paid-up equity share capital remained constant at ₹400 lakh, while other equity increased to ₹125.64 lakh from ₹78.81 lakh. The total comprehensive income for the period for FY26 was reported at a loss of ₹78.18 lakh, compared to a loss of ₹33.88 lakh in the previous year.