Varun Mercantile re-appoints Kirti B. Chaudhari as Manager for five-year term

0 min read | Published on 03 Sept 2026, 11:50 PM |Updated on 03 Sept 2026, 11:50 PM

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Key Highlights

Varun Mercantile re-appoints Kirti B. Chaudhari as Manager for five years
New term begins September 2, 2026, ending September 1, 2031
Board approved the move on September 3, 2026
Shareholder approval is required for the re-appointment

*this image is generated using AI for illustrative purposes only.

Varun Mercantile has re-appointed Kirti B. Chaudhari as Manager for a five-year term effective September 2, 2026. The Board approved the decision on September 3, 2026, following recommendations from the Nomination and Remuneration Committee.

The appointment succeeds the expiration of Chaudhari’s previous term on September 1, 2026. The new tenure runs until September 1, 2031, subject to shareholder approval.

Appointment Details

Chaudhari brings over 12 years of experience in accounts and indirect taxation. She holds a commerce degree and is 35 years old.

Detail	Information
Name	Kirti B. Chaudhari
Role	Manager
Term Start	September 2, 2026
Term End	September 1, 2031
Approval Status	Subject to shareholder approval

The company disclosed the change under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Chaudhari is not debarred from holding the office by any regulatory authority.

Historical Stock Returns for Varun Mercantile

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

How might Kirti B. Chaudhari's expertise in indirect taxation influence Varun Mercantile's tax planning and compliance strategies over the next five years?

What strategic initiatives or operational changes is the board likely to prioritize under Chaudhari's continued leadership as Manager?

Given that the appointment is subject to shareholder approval, are there any indications of dissent or specific concerns among major shareholders regarding this re-appointment?

Varun Mercantile

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Varun Mercantile FY26 Net Profit Declines to ₹12.47 Lakh

1 min read | Published on 14 May 2026, 10:56 PM |Updated on 21 May 2026, 08:36 PM

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Key Highlights

Varun Mercantile Limited announced its audited financial results for the quarter and year ended March 31, 2026, reporting a net profit of ₹12.47 lakh for the full year, a decline from ₹13.00 lakh in the prior year. Total income remained stable at ₹37.85 lakh, driven entirely by other income as revenue from operations was nil. The Board of Directors approved the results on May 21, 2026, and did not recommend any dividend, while statutory auditors issued an unmodified opinion.

*this image is generated using AI for illustrative purposes only.

Varun Mercantile Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 21, 2026. The company reported a net profit of ₹12.47 lakh for the financial year 2025-26, a decrease from ₹13.00 lakh in the previous year. For the quarter ended March 31, 2026, the net profit stood at ₹2.61 lakh.

Financial Performance

The company's total income for the year ended March 31, 2026, was ₹37.85 lakh, compared to ₹37.86 lakh in the prior year. Revenue from operations remained nil for both the quarter and the year under review. Other income, which constituted the entirety of the total income, was ₹9.44 lakh for the quarter and ₹37.85 lakh for the full year.

Total expenses for the year increased to ₹15.84 lakh from ₹15.29 lakh in the previous year. This included employee benefit expenses of ₹10.35 lakh and other expenses such as listing fees and audit fees. Profit before tax for the year was ₹22.01 lakh, slightly lower than the ₹22.57 lakh recorded in FY25.

Parameter	Year Ended 31.03.2026 (₹ in lakh)	Year Ended 31.03.2025 (₹ in lakh)
Total Income	37.85	37.86
Total Expenses	15.84	15.29
Profit Before Tax	22.01	22.57
Net Profit	12.47	13.00
Basic EPS (₹)	0.63	0.65

Dividend and Auditor Report

The Board of Directors did not recommend any dividend for the financial year ended March 31, 2026. The statutory auditors, N. J. Karia & Associates, issued an audit report with an unmodified opinion on the audited financial results. The meeting commenced at 04:45 p.m. and concluded at 05:10 p.m. on May 21, 2026.

Historical Stock Returns for Varun Mercantile

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Given that Varun Mercantile has reported zero revenue from operations for two consecutive years, what strategic steps might the company take to resume or diversify its business activities?

With the company relying entirely on 'other income' to sustain operations, how sustainable is this income stream, and what risks could it pose to the company's long-term viability?

As net profit and EPS continue to decline year-over-year, could this trend trigger any regulatory scrutiny or compliance concerns from stock exchanges regarding the company's listing status?

Varun Mercantile

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