V R Films & Studios Limited has officially declared to BSE Limited that it does not fall under the category of 'Large Corporates' as per the SEBI framework, thereby exempting itself from specific regulatory disclosure requirements.

Regulatory Declaration Details

The company's declaration was made in reference to two key SEBI circulars that govern large corporate frameworks and debt securities issuance. The communication was addressed to the Listing Compliance department of BSE Limited on April 10, 2026.

Compliance Implications

The SEBI circulars referenced in the declaration specifically address fund raising through debt securities by large entities and mandate certain disclosures and compliance requirements for companies classified as 'Large Corporates'. By formally declaring its non-applicability under this framework, V R Films & Studios Limited has clarified its regulatory standing.

The company's Managing Director, Manish Dutt (DIN: 01674671), signed the declaration, which was digitally authenticated and submitted to BSE for record purposes. The communication emphasizes that since the company does not fall under the Large Corporate category, it is not obligated to file disclosures as per the mentioned circulars.

Corporate Information

V R Films & Studios Limited operates from Mumbai and falls under the jurisdiction of Mumbai High Court. The company maintains its registered office at Chhadva Apartments, Near Diamond Garden, Sion-Trombay Road, Chembur, Mumbai. This regulatory declaration ensures transparency regarding the company's compliance obligations and provides clarity to stakeholders about its regulatory framework applicability.

V R Films & Studios Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, showcasing a significant operational turnaround. The Mumbai-based film distribution and dubbing company reported a net profit of ₹21.56 lakhs, marking a substantial improvement from the net loss of ₹56.02 lakhs recorded in the corresponding quarter of the previous year.

Financial Performance Overview

The company's quarterly performance demonstrates strong recovery across key metrics:

Nine-Month Performance Shows Strong Momentum

The company's nine-month results for the period ended December 31, 2025, further reinforce the positive trajectory:

Operational Efficiency Improvements

The company demonstrated improved cost management during the quarter. Total expenses decreased to ₹323.69 lakhs in Q3 FY26 from ₹410.95 lakhs in Q3 FY25, representing a significant 21.25% reduction. Key expense categories showed varied performance, with cost of production declining to ₹143.45 lakhs from ₹225.75 lakhs year-over-year.

Employee benefits expense remained relatively stable at ₹102.66 lakhs compared to ₹107.36 lakhs in the previous year. The company's finance costs increased marginally to ₹17.64 lakhs from ₹16.67 lakhs, while depreciation and amortization expenses rose to ₹27.46 lakhs from ₹23.83 lakhs.

Strategic Developments

V R Films & Studios Limited expanded its business portfolio by incorporating a subsidiary company, Krishmicbon AI Tech Pvt Ltd, on September 19, 2025. The company invested ₹6.00 lakhs as share capital, securing a 60% stake and controlling voting rights in the subsidiary. The new entity has not yet commenced business operations, and therefore consolidated financial statements were not presented separately.

Corporate Governance and Compliance

The Board of Directors approved the quarterly results in their meeting held on January 20, 2026, which commenced at 3:10 PM and concluded at 3:40 PM. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors B L Dasharda & Associates, Chartered Accountants. The company confirmed no deviations in the use of public issue proceeds from its Initial Public Offering, maintaining compliance with SEBI regulations.