Vashu Bhagnani Industries Limited (formerly known as Pooja Entertainment and Films Limited) has informed BSE Limited about an upcoming Board of Directors meeting scheduled for April 16, 2026. The meeting will consider and approve revisions to the company's consolidated financial statements under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reason for Financial Statement Revision

The proposed revision has been necessitated due to an inadvertent clerical error identified in the financial statements of the company's subsidiary incorporated in the UAE. The error was discovered during a subsequent review undertaken by the subsidiary in consultation with its auditors, and necessary corrections have since been implemented in its financial statements.

Impact on Consolidated Financial Statements

As Vashu Bhagnani Industries Limited prepares its consolidated financial statements in accordance with the provisions of the Companies Act, 2013 and applicable Indian Accounting Standards (Ind AS), based on the audited financial statements of its subsidiary, the impact of the aforementioned error was consequently reflected in the consolidated financial statements of the company.

The Board will consider the revision of the consolidated financial statements to give effect to the corrected financial information received from the subsidiary, ensuring that the financial statements present a true and fair view of the state of affairs of the company.

Trading Window Closure

Pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct for Prevention of Insider Trading, the trading window for dealing in the securities of the company shall remain closed for all designated persons and their immediate relatives.

Company Information

The communication was signed by Shweta Ramesh Soni, Company Secretary and Compliance Officer, on April 12, 2026. The company, formerly known as Pooja Entertainment and Films Limited, operates under CIN: L68100MH1986PLC040559 with its registered office located in Mumbai.

Vashu Bhagnani Industries Limited announced the outcome of its board meeting held on April 10, 2026, where directors approved audited financial results for Q4FY26 and the year ended March 31, 2026. The company also made several strategic decisions including director appointments, exchange listing plans, and overseas expansion authorization.

Q4FY26 Financial Performance

The company's standalone financial results for Q4FY26 showed mixed performance across different metrics. Revenue from operations declined significantly to ₹6.69 lakhs compared to ₹73.06 lakhs in Q4FY25, while total revenue increased to ₹279.56 lakhs versus ₹90.50 lakhs in the previous year's quarter.

Board Decisions and Strategic Initiatives

The board approved several key strategic initiatives during the meeting. Mr. Ashish Radheyshyam Goyal was appointed as Additional Independent Director for a five-year term, subject to shareholder approval. The company also received board approval for direct listing on National Stock Exchange of India Limited without any public offering.

Consolidated Financial Results

For consolidated results, the company reported Q4FY26 revenue from operations of ₹230.94 lakhs compared to ₹448.15 lakhs in Q4FY25. The consolidated net loss for Q4FY26 stood at ₹231.31 lakhs versus a profit of ₹88.00 lakhs in the previous year's quarter.

Full Year Performance Overview

For the complete financial year FY26, the company achieved standalone net profit of ₹140.66 lakhs compared to ₹27.70 lakhs in FY25. Consolidated net profit reached ₹313.09 lakhs for FY26 against ₹624.76 lakhs in the previous year, with consolidated earnings per share at ₹0.49.

Overseas Expansion Plans

The board authorized strategic expansion including overseas investments up to ₹50 crores in the United Kingdom for construction and real estate development projects. The company will identify and evaluate suitable business opportunities in these sectors and make requisite disclosures upon project finalization.