Vashishtha Luxury Fashion has accepted the resignation of Mrs. Anasuya Banerjee from the post of Chief Financial Officer, effective September 9, 2026.

The company disclosed the development in a filing with BSE Limited on September 8, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Banerjee tendered her resignation vide letter dated September 8, 2026, citing personal reasons.

Resignation Details

Mrs. Banerjee will cease to be a Key Managerial Personnel under Section 203 of the Companies Act, 2013, upon the effective date. Her last working day with the organization is scheduled for September 15, 2026.

In her resignation letter addressed to the Board of Directors, Mrs. Banerjee noted that she had served as CFO since May 2025. She highlighted milestones achieved during her tenure, including strengthening financial operations and supporting strategic growth.

Regulatory Compliance

The intimation was signed by Krupali Thakkar, Company Secretary and Compliance Officer of Vashishtha Luxury Fashion Limited. The filing includes Annexure A detailing the reason for change and cessation date as required by SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Vashishtha Luxury Fashion has scheduled its fourth Annual General Meeting (AGM) for September 22, 2026, in Mumbai. The record date for determining shareholder eligibility is September 15, 2026. The meeting will address the adoption of financial statements for FY26, which saw significant growth in revenue and profit.

The board approved the Directors' Report and appointed M/s SMNK & Co. as statutory auditors for a five-year term during its meeting on August 25, 2026. The company also highlighted its successful listing on the BSE SME Platform in September 2025 as a key milestone.

Financial Performance

For the financial year ended March 31, 2026, Vashishtha Luxury Fashion reported a consolidated turnover of ₹1,429.12 lakh, an increase from ₹1,063.60 lakh in the previous year. The net profit stood at ₹200.85 lakh, compared to ₹149.24 lakh in FY25.

The improvement in equity is attributed to the initial public offer (IPO) completed during the year, which raised ₹887.11 lakh through the issuance of 7,99,200 equity shares.

Record Date and Book Closure

Shareholders holding equity shares on the register as of September 15, 2026, will be eligible to vote via e-voting or in person. The Register of Members and Share Transfer Books will remain closed from September 16, 2026, to September 22, 2026, inclusive. No transfer of shares will be processed during this period.

Auditor Appointment

The board recommended the appointment of M/s SMNK & Co., Chartered Accountants (FRN: 134153W), as statutory auditors for five consecutive years, subject to shareholder approval at the AGM. This replaces the previous auditor, M/s Kumbhat & Co. LLP, who resigned in October 2025.

What the Numbers Show

The company's net profit margin remained stable at approximately 14%, indicating that operational efficiency was maintained despite the 34% revenue growth. The substantial increase in total equity, driven by the IPO proceeds, has strengthened the balance sheet, reducing reliance on debt financing.