Vaishno Cement reappointed key board members and appointed a new secretarial auditor during its board meeting held on August 17, 2026. The company also confirmed the date for its upcoming annual general meeting.

The board approved the re-appointment of Mr. Jatin Nanji Chheda as Whole-Time Director. He was also re-appointed as a director upon retiring by rotation. Additionally, the board re-appointed Mrs. Rajeswari Bangal and Mr. Suman Das as Non-Executive Independent Directors.

Board Appointments

The following directors were re-appointed effective August 17, 2026:

• Mr. Jatin Nanji Chheda: Re-appointed as Whole-Time Director and Director (retiring by rotation). He brings expertise in finance, marketing, and business strategy.
• Mrs. Rajeswari Bangal: Re-appointed as Non-Executive Independent Director. She possesses expertise in finance, accounting, and financial planning.
• Mr. Suman Das: Re-appointed as Non-Executive Independent Director. He has extensive knowledge in financial analysis, budgeting, and strategic financial planning.

None of the re-appointed directors are related to any other directors of the company.

Secretarial Auditor Change

Vaishno Cement accepted the resignation of M/s. Nishant Bajaj & Associates as its secretarial auditor with effect from August 14, 2026. The firm cited other pre-occupations and commitments as the reason for resignation.

The board subsequently appointed M/s. NNJ & Co., Practicing Company Secretaries, as the new secretarial auditor. The appointment covers a term of five years, spanning from financial year 2026-27 to 2030-31. M/s. NNJ & Co. is a peer-reviewed firm specializing in corporate law, secretarial compliance, and governance matters.

Annual General Meeting

The board fixed the date, time, and venue for the company’s annual general meeting. It also determined the book closure date for the purpose of the meeting and approved the notice for calling the AGM. The meeting commenced at 6:00 pm and concluded at 6:45 pm.

Vaishno Cement Company Ltd. reported a standalone loss of ₹8.38 lakh for the first quarter ended June 30, 2026 (Q1FY27), marking a significant widening from the loss of ₹2.84 lakh recorded in the previous quarter. The company’s Board of Directors approved the unaudited financial results on August 13, 2026, following a limited review by statutory auditors Manish Mahavir & Co.

The operational performance remained subdued, with net sales from operations registering at nil for the quarter, consistent with the prior quarter and the same period last year. The total income for the quarter was minimal, driven only by negligible income from operations.

Financial Performance

The widening loss was primarily attributable to a surge in other expenses. While employee benefit expenses remained relatively stable at ₹0.84 lakh (compared to ₹0.86 lakh in Q4FY26), other expenses spiked to ₹7.54 lakh, up sharply from ₹1.60 lakh in the preceding quarter. This increase pushed total expenses to ₹8.38 lakh, compared to ₹2.46 lakh in Q4FY26.

The basic and diluted earnings per share (EPS) stood at a loss of ₹0.09 per equity share of face value ₹10 each, deteriorating from a loss of ₹0.03 per share in the previous quarter.

What the Numbers Show

The financial data reveals a divergence between employee costs and general overheads. While employee benefit expenses showed marginal stability, the four-fold increase in other expenses—from ₹1.60 lakh to ₹7.54 lakh—was the sole driver of the widened loss. This suggests that the current period’s operational burden is heavily weighted towards non-payroll administrative or maintenance costs rather than workforce-related expenditures. Despite the quarterly deterioration, the loss position remains significantly better than the ₹42.67 lakh loss reported in Q1FY26, where other expenses were substantially higher at ₹41.66 lakh.

Auditor and Regulatory Compliance

The unaudited standalone financial results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013. The results were reviewed pursuant to Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Manish Mahavir & Co., Chartered Accountants, conducted the limited review and issued their report dated August 13, 2026, confirming that the statement has not been materially misstated.