Hariyana Ventures Limited held its Board of Directors meeting on May 09, 2026, at its registered office in Nagpur, Maharashtra. The board considered and approved the standalone audited financial results for the quarter and full year ended March 31, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditor, M/s Manish N Jain & Co., Chartered Accountants, issued an unmodified opinion on the financial results. The meeting commenced at 04:15 P.M. and concluded at 04:45 P.M.

Financial Performance Overview

Hariyana Ventures delivered a strong turnaround in its financial performance for FY26, swinging from a loss to profitability. The company's revenue from operations grew to ₹75.69 lakhs for the full year, compared to ₹50.57 lakhs in the previous year. Total income for FY26 stood at ₹82.27 lakhs against ₹59.39 lakhs in the prior year. The following table summarises the key financial metrics:

For the full year FY26, the company reported a Profit After Tax (PAT) of ₹44.63 lakhs, a significant turnaround from a net loss of ₹32.60 lakhs in FY25. Total comprehensive income for FY26 stood at ₹74.83 lakhs, compared to a loss of ₹28.59 lakhs in the prior year. Basic and diluted earnings per share (EPS) for FY26 improved to ₹7.69, against a loss per share of ₹5.62 in FY25.

Balance Sheet Highlights

The company's financial position strengthened considerably during FY26. Total assets grew to ₹246.43 lakhs as of March 31, 2026, from ₹230.51 lakhs a year earlier. Equity improved markedly, with other equity rising to ₹184.93 lakhs from ₹108.68 lakhs, reflecting the profitability achieved during the year. Cash and cash equivalents surged to ₹71.85 lakhs from ₹6.89 lakhs, underpinned by strong operating cash generation.

Non-current borrowings were fully repaid during FY26, declining from ₹49.98 lakhs to nil, reflecting a significant deleveraging of the balance sheet. Total current liabilities also reduced sharply to ₹3.45 lakhs from ₹13.80 lakhs.

Cash Flow Summary

The company generated robust cash flows from operations during FY26. Net cash generated from operating activities stood at ₹111.23 lakhs, a sharp reversal from a net outflow of ₹120.48 lakhs in FY25. Net cash from investing activities was ₹4.36 lakhs, while financing activities resulted in a net outflow of ₹50.63 lakhs, primarily on account of repayment of non-current borrowings. The net increase in cash and cash equivalents for the year was ₹64.96 lakhs.

Internal Auditor Appointment

At the same board meeting, the directors approved the appointment of M/s Shubham Bajhal & Associates, Chartered Accountants, as the Internal Auditor of the company for the financial year 2026-27, pursuant to Section 138 of the Companies Act, 2013. The firm's scope covers tax audits, statutory audits, GST and direct taxation, internal controls, MIS reporting, and project finance advisory. The board confirmed that there is no relationship between the appointed firm and any of the company's directors.

The financial results were reviewed and recommended by the Audit Committee prior to board approval. The company also confirmed, via a declaration under Regulation 33(3)(d), that the statutory auditor's report carries an unmodified opinion. Additionally, the company stated that there has been no deviation or variation in the use of public issue proceeds, rendering the Statement of Deviation(s) or Variation(s) under Regulation 32 not applicable. The intimation was signed by Harish Gangaram Agrawal, Managing Director (DIN: 00291083).

Hariyana ventures Limited has filed a declaration with BSE Limited on April 09, 2026, stating that the Annual Secretarial Compliance Report under SEBI Regulation 24A is not applicable to the company. The declaration was submitted to the stock exchange's listing compliance department, citing specific regulatory exemptions that make the company non-compliant with certain SEBI requirements.

Regulatory Background and Requirements

The Securities and Exchange Board of India amended the Listing Obligations and Disclosure Requirements Regulation, 2015, to include Regulation 24A regarding secretarial audit. Under this regulation, every listed company and its material unlisted subsidiaries incorporated in India must undertake secretarial audit and annex a secretarial audit report with their annual report. The regulation became effective from the year ended March 31, 2019.

As per SEBI's circular dated February 08, 2019 (reference No. CIR/CFD/CMDI/27/2019), the annual Secretarial Compliance Report must be submitted by listed entities to stock exchanges within 60 days of the end of the financial year.

Exemption Criteria and Company Status

Hariyana Ventures Limited claims exemption under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides exemptions from compliance with various provisions, including Regulation 24A, for specific categories of companies.

The exemptions apply to regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and specific clauses of regulation 46 and Schedule V.

Company Details and Declaration

The declaration was signed by Mr. Harish Agrawal, Managing Director (DIN: 00291083), on behalf of Hariyana Ventures Limited. The company, formerly known as Hariyana Metals Limited, is registered at Plot No. 158, 1st floor, Small Factory Area Bagadganj, Nagpur, Maharashtra, India, 440008.

The company has requested BSE Limited to take the declaration on record, confirming that the requirement for submission of Secretarial Compliance Report does not apply to their operations under the current regulatory framework.