Vashishtha Luxury Fashion fixes Sep 22 AGM; reports ₹200.85 lakh net profit in FY26
- Fourth AGM scheduled for September 22, 2026, with record date on September 15
- Consolidated revenue grew 34.4% YoY to ₹1,429.12 lakh in FY26
- Net profit increased 34.6% to ₹200.85 lakh, maintaining ~14% margin
- Total equity rose 187.2% to ₹1,517.32 lakh following IPO proceeds
- SMNK & Co. appointed as statutory auditors for five-year term
*this image is generated using AI for illustrative purposes only.
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.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Consolidated Revenue | ₹1,429.12 lakh | ₹1,063.60 lakh | +34.4% |
| Net Profit | ₹200.85 lakh | ₹149.24 lakh | +34.6% |
| Total Equity | ₹1,517.32 lakh | ₹528.25 lakh | +187.2% |
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.
Historical Stock Returns for Vashishtha Luxury Fashion
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | +0.20% | -54.45% | -49.81% |
How will the ₹887 lakh raised from the IPO be allocated across expansion, inventory, or marketing to sustain the 34% revenue growth trajectory?
What specific strategies does Vashishtha Luxury Fashion plan to implement to maintain its 14% net profit margin amidst potential inflationary pressures in the luxury sector?
Given the recent auditor change from M/s Kumbhat & Co. LLP to M/s SMNK & Co., what were the underlying reasons for the resignation and how might this impact investor confidence?
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