IND Renewable Energy Limited Schedules Board Meeting on May 26, 2026 to Approve Q4 and Full-Year FY26 Financial Results

IND Renewable Energy Limited (formerly known as Vakharia Power Infrastructure Limited) has notified BSE Limited of an upcoming board meeting scheduled for Tuesday, May 26, 2026. The intimation, dated May 14, 2026, was filed pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting has been convened to consider and approve key financial matters. The following items are on the agenda for the meeting:

Agenda Item:	Details
Financial Results:	Standalone Audited Financial Results for the quarter and year ended March 31, 2026
Additional Business:	Any other matter with the permission of the Chair
Meeting Date:	Tuesday, May 26, 2026
Intimation Date:	May 14, 2026

Trading Window Closure

In line with regulatory requirements, the company has also informed that the trading window shall remain closed up to 48 hours from the date the financial results are made available to the public. This measure is in accordance with the applicable provisions under SEBI's insider trading regulations.

The intimation has been signed by Director Abhay Gupta (DIN: 02294699) and has also been uploaded on the company's official website. The company is registered under CIN: L40102MH2011PLC221715 and is headquartered at 503, Western Edge II, Western Express Highway, Borivali East, Mumbai 400066.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.33%	+2.80%	-6.62%	-6.78%	-7.87%	+5.77%

IND Renewable Energy Limited (formerly known as Vakharia Power Infrastructure Limited) reported its unaudited standalone financial results for the quarter ended December 31, 2025, as approved by its Board of Directors at a meeting held on May 12, 2026. The company posted a net loss of ₹0.500 lakhs for the quarter, reflecting a marked sequential improvement from the ₹14.870 lakhs net loss recorded in the preceding quarter ended September 30, 2025. The results were reviewed by the Audit Committee and approved by the Board at the same meeting, and were submitted to BSE Ltd pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance at a Glance

The company reported nil revenue from operations for Q3 FY26, consistent with the preceding quarter and the corresponding quarter of the previous year. Total income for the quarter was ₹0.000 lakhs, compared to ₹0.430 lakhs in the corresponding quarter ended December 31, 2024. The following table presents a detailed comparison of the standalone financial results across periods:

Particulars:	Q3 FY26 (31-12-25)	Q2 FY26 (30-09-25)	Q3 FY25 (31-12-24)	9M FY26 (31-12-25)	9M FY25 (31-12-24)	FY25 (31-03-25)
Revenue from Operations (₹ Lakhs):	0.000	0.000	0.000	0.000	0.000	0.000
Other Income (₹ Lakhs):	0.000	0.000	0.430	0.000	0.430	6.310
Total Income (₹ Lakhs):	0.000	0.000	0.430	0.000	0.430	6.310
Finance Cost (₹ Lakhs):	0.030	0.020	0.620	0.080	0.660	0.690
Other Expenses (₹ Lakhs):	0.250	14.630	1.600	15.380	6.610	12.030
Total Expenses (₹ Lakhs):	0.280	14.650	2.220	15.460	7.930	13.380
Loss Before Tax (₹ Lakhs):	(0.280)	(14.650)	(1.790)	(15.460)	(7.500)	(7.070)
Total Tax Expenses (₹ Lakhs):	0.220	0.220	0.220	0.660	0.660	0.880
Net Loss (₹ Lakhs):	(0.500)	(14.870)	(2.010)	(16.120)	(8.160)	(7.950)
Basic EPS (₹):	(0.004)	(0.107)	(0.014)	(0.116)	(0.059)	(0.057)
Diluted EPS (₹):	(0.004)	(0.107)	(0.014)	(0.116)	(0.059)	(0.057)

Expense Breakdown and Sequential Improvement

Total expenses for Q3 FY26 stood at ₹0.280 lakhs, a steep decline from ₹14.650 lakhs in Q2 FY26, primarily driven by a sharp reduction in other expenses from ₹14.630 lakhs to ₹0.250 lakhs quarter-on-quarter. Finance costs for the quarter were ₹0.030 lakhs, marginally higher than ₹0.020 lakhs in Q2 FY26 but significantly lower than ₹0.620 lakhs in Q3 FY25. Employee benefit expenses and depreciation remained at nil for Q3 FY26. The deferred tax expense was consistent at ₹0.220 lakhs across Q3 FY26, Q2 FY26, and Q3 FY25, with no current tax liability recorded in any period.

Nine-Month and Annual Comparison

For the nine months ended December 31, 2025, the company reported a cumulative net loss of ₹16.120 lakhs, compared to ₹8.160 lakhs for the corresponding nine-month period ended December 31, 2024. Total expenses for the nine-month period stood at ₹15.460 lakhs versus ₹7.930 lakhs in the prior year period, with other expenses accounting for ₹15.380 lakhs of the total. For the full year ended March 31, 2025, the audited net loss was ₹7.950 lakhs on total income of ₹6.310 lakhs. The paid-up equity share capital remained unchanged at ₹1,392.600 lakhs (face value of ₹10/- each) across all reported periods.

Key Highlights

The company has no subsidiaries.
The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.
The independent auditor's limited review was conducted by K. S. Subrahmanyam & Co., Chartered Accountants, who noted no material misstatements in the unaudited financial results.
Previous year/period figures have been reclassified/regrouped to conform to the figures of the current period.
No exceptional items were recorded in any of the reported periods.

Auditor's Review

The limited review of the unaudited financial results was conducted by K. S. Subrahmanyam & Co., Chartered Accountants, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The review was carried out in accordance with the Standard on Review Engagement (SRE) 2410 issued by the Institute of Chartered Accountants of India. Based on the review, the auditors stated that nothing came to their attention to suggest that the financial results contain any material misstatement or fail to disclose information required under the applicable regulations.