Vaarad Ventures Limited announced that Mr. Nitin Hariyantalal Datanwala ceased to be an Independent Director on August 10, 2026. The departure follows the completion of his second and final term in office.

The company filed the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Datanwala, holding DIN 00047544, stepped down at the close of business hours on the specified date.

Governance Update

The cessation was routine, resulting from tenure limits rather than resignation or removal. Vaarad Ventures confirmed there are no material reasons beyond the completion of the term.

Compliance Note

The company acknowledged a delay in submitting this intimation to the BSE. Management attributed the lapse to an internal administrative oversight and stated that steps have been taken to strengthen compliance mechanisms.

Vaarad Ventures Limited reported a consolidated net loss of ₹21.90 lakh for the year ended March 31, 2026, with zero revenue from operations. The company's standalone net loss for the same period stood at ₹15.47 lakh. The Board of Directors approved the audited financial results on May 28, 2026.

For the quarter ended March 31, 2026, the company recorded a consolidated net loss of ₹3.95 lakh and a standalone net loss of ₹1.99 lakh. Revenue from operations remained at 0.00 for both the quarter and the full year across standalone and consolidated financial statements.

The paid-up equity share capital remained constant at ₹2,499.03 lakh, with a face value of Re. 1 each. Earnings per share (EPS) for the year ended March 31, 2026, was reported as (0.010) on a basic and diluted basis.

The Audit Committee reviewed the results, and the Statutory Auditors audited the financial statements. The detailed results are available on the BSE website and the company's official website.

Financial Results for the Year Ended March 31, 2026

Figures in ₹ Lakhs