Vardhman Holdings files FY26 BRSR report; turnover at ₹5,395.91 lakh
- Vardhman Holdings filed its FY26 BRSR report on August 25, 2026
- Turnover stood at ₹5,395.91 lakh with net worth of ₹98,591.45 lakh
- Related-party investments rose to 19.07% from 10.72% in FY25
- The NBFC employs three permanent staff with zero grievance reports

*this image is generated using AI for illustrative purposes only.
Vardhman Holdings Limited has filed its Business Responsibility and Sustainability Report (BRSR) for FY26 with the stock exchanges. The filing, dated August 25, 2026, forms part of the company's 62nd Annual Report.
The Ludhiana-based middle-layer non-deposit taking NBFC operates primarily as an investment company. It does not accept public deposits and has no direct customer interface. The entity operates from a single location in Punjab.
Financial Overview
The company disclosed a turnover of ₹5,395.91 lakh for the financial year ended March 2026. Its net worth stood at ₹98,591.45 lakh. CSR provisions are applicable under Section 135 of the Companies Act, 2013 based on these metrics.
Investment Concentration
A notable shift occurred in the composition of related-party transactions. Investments in related parties accounted for 19.07% of total investments made in FY26, up from 10.72% in the previous year. There were no related-party purchases, sales, or loans and advances during the period.
| Metric | FY26 | FY25 |
|---|---|---|
| Turnover | ₹5,395.91 lakh | Not Disclosed |
| Net Worth | ₹98,591.45 lakh | Not Disclosed |
| Related-Party Investments | 19.07% | 10.72% |
Human Capital & Governance
The company employed three permanent staff members as of March 31, 2026, comprising two males and one female. The Board of Directors includes two women, representing 25% of the total board strength. Key Managerial Personnel also saw female representation at 33.33%.
Employee turnover remained stable at 33% across FY24, FY25, and FY26. The company reported no grievances, penalties, or violations of its Code of Conduct or Whistle Blower Policy during the year. All employees received performance reviews, and 100% were covered by accident insurance.
Historical Stock Returns for Vardhman Holdings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.34% | -0.40% | -1.24% | +5.96% | -9.98% | +22.23% |
How might the significant increase in related-party investments from 10.72% to 19.07% impact the company's risk profile and regulatory scrutiny in FY27?
Given the minimal headcount of three permanent staff, what strategic initiatives could drive the turnover growth beyond the current ₹5,395.91 lakh without expanding the workforce?
As an NBFC with no direct customer interface, how does Vardhman Holdings plan to diversify its investment portfolio to reduce reliance on related-party transactions?

































