Vama Industries Limited passed all four resolutions proposed at its 41st Annual General Meeting held on September 30, 2026. The company submitted the consolidated voting results to BSE on October 1, 2026, confirming shareholder approval for financial statements and key director reappointments.

The meeting was conducted via Video Conferencing (VC) under Regulation 44(3) of SEBI (LODR) Regulations, 2015. A total of 64 shareholders participated through VC, comprising two from the promoter group and 62 from the public category. No shareholders attended in person or through proxy.

Resolution outcomes

The first resolution, an ordinary resolution for the adoption of audited standalone and consolidated financial statements for FY26, received near-unanimous support. Promoters voted 100% in favor, while public non-institutional shareholders cast 99.9987% votes in favor.

The second resolution involved the reappointment of Mrs. V. Parvathi as a director retiring by rotation. This ordinary resolution passed with 99.9989% votes in favor overall. Public non-institutional shareholders recorded a slightly lower support rate at 99.9334%, with 200 votes cast against.

Two special resolutions also secured approval:

• Reappointment of Mrs. V. Parvathi as Whole Time Director: Passed with 99.9989% votes in favor.
• Reappointment of Ms. Jonnada Vaghira Kumari as Independent Director: Passed with 99.9990% votes in favor.

Voting participation details

The voting rights were reckoned as of the cut-off date, September 23, 2026. Remote e-voting opened on September 27, 2026, and closed on September 29, 2026. The scrutinizer’s report, prepared by P S Rao & Associates, confirmed no invalid votes were recorded across any resolution.

What the numbers show

Promoter holding concentration heavily influenced the outcome of the resolutions. The promoter group held 22,561,830 shares, representing approximately 42.9% of the total outstanding shares of 52,540,000. In resolutions where promoters were interested parties (Resolutions 2 and 3), their votes were excluded from the reckoning of the specific interested party status but still counted towards the total valid votes polled for passing thresholds. The high percentage of votes polled by promoters (81.74% to 85.06%) compared to public non-institutions (1.00%) underscores the dominant control exerted by the promoter group in decision-making processes.

Vama Industries reported a significant contraction in financial performance for FY26, with standalone revenue falling 77% to ₹1,500.9 lakh. The company posted a net profit of ₹2.1 lakh for the year ended March 31, 2026, compared to ₹198 lakh in FY25.

The board approved the financial results and Directors Report on September 2, 2026. It also scheduled the 41st Annual General Meeting (AGM) for September 30, 2026.

Financial Performance

Standalone turnover dropped sharply from ₹6,423.95 lakh in FY25 to ₹1,500.9 lakh in FY26. This decline was driven by a steep fall in domestic sales of goods, which contracted from ₹5,740.97 lakh to ₹598.89 lakh. Service revenue also adjusted, though export engineering services grew to ₹339.77 lakh from ₹234.77 lakh.

On a consolidated basis, the group recorded a net loss of ₹234.07 lakh, reversing a profit of ₹180.38 lakh in the previous year. The consolidated loss was primarily influenced by the performance of its wholly owned subsidiary, Vama Technologies Pte Ltd, which reported nil turnover and incurred losses during the period.

Operational Challenges

Management attributed the decline to geopolitical forces and dynamic predatory business strategies at the international level. Heavy pressure on the availability of hardware, spares, and components limited bidding options and delivery commitments. Consequently, the subsidiary in Singapore recorded nil turnover, leading to an impairment loss of ₹4.93 lakh on the investment.

AGM Agenda

The upcoming AGM will focus on adopting the audited financial statements for FY26. Shareholders will vote on the reappointment of Mrs. V. Parvathi as Executive Director and Ms. Jonnada Vaghira Kumari as Independent Director. No dividend has been recommended for the year due to low profitability.