Growington Ventures India Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 7, 2026. The company reported a strong financial performance with significant growth in revenue and profitability across both standalone and consolidated bases.

Standalone Financial Performance

On a standalone basis, the company nearly doubled its revenue from operations to ₹12,652.97 lakhs in FY26 from ₹6,108.58 lakhs in the previous year. Total income for the year stood at ₹12,729.52 lakhs. Net profit for the year increased to ₹341.27 lakhs, compared to ₹245.85 lakhs in FY25. For the quarter ended March 31, 2026, the company reported a net profit of ₹49.43 lakhs, reversing a net loss of ₹31.47 lakhs in the corresponding quarter of the previous year.

Consolidated Financial Performance

The consolidated financial results, which include subsidiary Elementures Foodstuff Trading LLC, reflected a similar upward trend. Total income for the group rose to ₹13,259.93 lakhs in FY26 from ₹6,433.33 lakhs in the prior year. Consolidated net profit for the year stood at ₹462.33 lakhs, a significant increase from ₹247.71 lakhs in FY25. Total comprehensive income for the year was recorded at ₹472.37 lakhs.

Balance Sheet and Cash Flow

The company's standalone total assets expanded to ₹10,056.92 lakhs as of March 31, 2026, up from ₹4,092.82 lakhs in the previous year, driven largely by trade receivables. Total equity increased to ₹7,232.87 lakhs. On a consolidated basis, total assets reached ₹10,430.06 lakhs with total equity at ₹7,303.79 lakhs. The standalone cash flow statement showed a net increase in cash and cash equivalents of ₹39.51 lakhs for the year, ending the period with ₹197.22 lakhs.

Rights Issue and Corporate Governance

During the year, the company successfully completed a rights issue, allotting 48,16,61,820 fully paid-up equity shares at ₹1 per share, raising ₹4,816.62 lakhs. The proceeds were utilized for working capital and general corporate purposes. The Board also approved the re-appointment of Mr. Lokesh Patwa as Whole Time Director and CFO for a period of five years effective from May 1, 2026, subject to shareholder approval. M/s D.K. Chhajer & Co., Chartered Accountants, issued an unmodified audit report on the financial results.

Growington ventures India Limited has officially confirmed to BSE Limited that it does not qualify as a Large Corporate under the Securities and Exchange Board of India's regulatory framework. The company, formerly known as VMV Holidays Ltd, submitted this confirmation on April 20, 2026.

Regulatory Compliance Confirmation

The company's communication to BSE references the SEBI circular dated November 26, 2018, which pertains to fund raising by issuance of debt securities by large entities. Growington Ventures has confirmed that as of March 31, 2026, it does not meet the applicability criteria to be classified as a Large Corporate under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144.

Corporate Information

Growington Ventures India Limited operates under CIN L63090MH2010PLC363537 and was previously known as VMV Holidays Ltd. The company's confirmation letter was digitally signed by Company Secretary and Compliance Officer Sunita Gupta Maskara (Membership No: 57186) and Chief Financial Officer Mukesh Patwa.

Regulatory Implications

This confirmation exempts Growington Ventures from specific regulatory requirements that apply to entities classified as Large Corporates under the SEBI framework. The classification relates to fund raising activities through debt securities issuance, with the regulatory circular establishing specific criteria and compliance obligations for large entities in the Indian capital markets.