Vashu Bhagnani Industries Limited, formerly known as Pooja Entertainment and Films Limited, has formally withdrawn its application to the National Stock Exchange of India Limited (NSE) for the direct listing of its equity shares. The decision was approved by the company's Board of Directors at a meeting held on Monday, May 4, 2026, and was communicated to BSE Limited through a regulatory filing on the same date.

Board Decision on NSE Direct Listing Withdrawal

The Board of Directors convened and resolved to withdraw the application that had been submitted to the NSE on April 16, 2026. The application, registered as Case No. 252, had sought approval for the direct listing of 63,953,500 equity shares of the company. Each equity share carries a face value of INR 10/-. The key details of the withdrawn application are summarised below:

Board Meeting Details

The Board meeting during which the withdrawal was approved commenced at 02:15 PM and concluded at 2:40 PM on May 4, 2026. The intimation was submitted to BSE Limited in accordance with Regulation 30 of the applicable listing regulations. The filing was signed by Shweta Ramesh Soni, Company Secretary and Compliance Officer (Membership No: A65292), on behalf of Vashu Bhagnani Industries Limited.

Vashu Bhagnani Industries Limited (formerly known as Pooja Entertainment and Films Limited) has concluded its Board of Directors meeting held on April 16, 2026, regarding the previously identified clerical error in its UAE subsidiary's financial statements. The Board has determined that no revision of the company's consolidated financial statements is warranted.

Board Meeting Outcome

The Board meeting, which commenced at 09:30 AM and concluded at 10:30 AM on April 16, 2026, addressed the clerical error that had been identified in the books of accounts of the company's UAE subsidiary. After thorough evaluation, the Board observed that the error does not have any material impact on the subsidiary's financial statements.

Statutory Auditor Consultation

The Board took note of deliberations held with the company's Statutory Auditors, who confirmed that the clerical error does not necessitate any revision or restatement of the financial statements of the Indian holding company. Based on this professional assessment and the recommendation of the Statutory Auditors, the Board concluded that no revision is warranted under the applicable provisions of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015.

Financial Statements Status

The Board has reaffirmed that the financial results already submitted to the Stock Exchanges under Regulation 33 remain unchanged. There is no requirement for restatement or re-submission of the financial statements, which are now considered final and conclusive.

Company Information

The communication was digitally signed by Shweta Ramesh Soni, Company Secretary and Compliance Officer (Membership No: A65292), on April 16, 2026. The company operates under CIN: L68100MH1986PLC040559 with its registered office located at Flat No 1, Coelho House, Juhu, Mumbai.