Vamshi Rubber Limited board of directors has re-appointed Mr. Mereddy Ramesh Reddy as Chairman and Whole-time Director for a further period of three years. The new term is effective from July 31, 2026, subject to the approval of the company’s shareholders.

The decision was taken during a board meeting held on August 14, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. Reddy retires by rotation but continues in his role following this re-appointment. He holds a B.Tech degree and a Master of Science from the USA, with over 30 years of experience in the tyre retreading industry.

Financial Results Approval

Alongside the leadership changes, the board approved the unaudited standalone financial results for the quarter ended June 30, 2026 (Q1FY26). The meeting, conducted via video conferencing from the company’s registered office in Hyderabad, also noted the limited review report submitted by the auditors. The disclosure filing did not include specific figures for revenue, net profit, or EBITDA for the quarter.

Corporate Governance Updates

The board addressed several other key corporate actions during the session:

• Approved the Board Report for the financial year ended March 31, 2026.
• Took note of draft Secretarial and Internal Audit Reports for FY26.
• Appointed N.V.S.S. Suryanarayana Rao as Scrutinizer for e-voting at the upcoming AGM.
• Approved the draft notice for the 32nd Annual General Meeting.

Mr. Mereddy Ramesh Reddy (DIN: 00025101) is not debarred from holding the office of Director by virtue of any order of SEBI or any other authority, in accordance with circulars dated June 20, 2018, issued by stock exchanges.

Annual General Meeting Details

The company has scheduled its 32nd Annual General Meeting for September 28, 2026, at 1:00 pm. The meeting will be held through Video Conferencing or Other Audio-Visual Means (OAVM). The deemed venue for the proceedings is the registered office at Vamshi House, Gachibowli, Hyderabad.

The notice for the AGM will be sent separately to stock exchanges and members in compliance with SEBI Listing Regulations. All relevant information will be made available on the company’s website.

Vamshi Rubber Limited reported a net loss of ₹74.38 lakh for the quarter ended June 30, 2026, marking a significant reversal from the net profit of ₹27.65 lakh recorded in the corresponding period of FY25. The company’s revenue from operations fell 31.8% year-on-year to ₹1,596.73 lakh, while total expenses remained elevated at ₹1,677.23 lakh, exceeding total income by ₹74.38 lakh.

The Board of Directors approved the unaudited financial results at a meeting held on August 14, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors Samudrala K & Co LLP, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also confirmed that the company has no outstanding defaults on loans or debt securities, with total financial indebtedness standing at zero.

Financial Performance

Net sales declined sharply from ₹2,342.48 lakh in Q1FY25 to ₹1,596.73 lakh in Q1FY26. Other income also contracted to ₹6.12 lakh from ₹8.38 lakh in the prior year quarter. Consequently, total income from operations dropped to ₹1,602.85 lakh from ₹2,350.86 lakh.

Operating expenses showed mixed trends. Cost of materials consumed decreased to ₹1,214.23 lakh from ₹1,601.61 lakh, reflecting lower production volumes or input costs. However, employee benefits expense rose slightly to ₹320.67 lakh from ₹314.09 lakh. Other operating expenses declined to ₹205.85 lakh from ₹266.16 lakh.

What the Numbers Show

The divergence between revenue decline and expense management highlights margin pressure. While cost of materials fell in line with sales, fixed costs such as employee benefits and finance costs (₹45.22 lakh vs ₹43.96 lakh) remained sticky. This rigidity in the cost structure turned a previously profitable operation into a loss-making one, with the pre-tax position swinging from a profit of ₹28.73 lakh to a loss of ₹74.38 lakh.

Balance Sheet and Equity

Paid-up equity share capital remained unchanged at ₹420.68 lakh. Reserves excluding revaluation reserves stood at ₹1,017.97 lakh as of June 30, 2026, down from ₹1,092.35 lakh at the end of FY26, reflecting the current quarter’s losses. Earnings per share turned negative at ₹(1.77), compared to ₹0.76 in Q1FY25.