Vaswani Industries Limited reported a standalone net profit of ₹539.35 lakh for the quarter ended March 31, 2026, marking a substantial increase from ₹198.70 lakh in the same period of the previous year. Revenue from operations for the quarter grew to ₹14,388.62 lakh, compared to ₹11,540.24 lakh in Q4 FY25. Total income for the period stood at ₹14,408.01 lakh, up from ₹11,692.68 lakh in the prior year.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on May 30, 2026. The Statutory Auditors have audited the results and issued an unmodified opinion. The company reported that its profit before tax and exceptional items for the quarter was ₹990.29 lakh, a significant turnaround from the loss of ₹288.13 lakh recorded in the preceding quarter ended December 31, 2025.

For the full financial year ended March 31, 2026, Vaswani Industries recorded a net profit of ₹424.35 lakh, a decline from ₹860.43 lakh in FY25. Annual revenue from operations increased to ₹46,737.09 lakh from ₹41,163.59 lakh in the previous year. Total income for the year rose to ₹46,819.90 lakh from ₹41,400.76 lakh.

Financial Performance Overview

The company's expenses for the quarter totaled ₹13,417.71 lakh, with the cost of materials consumed being the largest component at ₹9,882.81 lakh. Finance costs for the quarter stood at ₹679.38 lakh, while depreciation and amortisation expenses were recorded at ₹418.52 lakh. Other expenses for the period amounted to ₹2,402.94 lakh.

Key Metrics for Q4 and FY26

The paid-up share capital of the company remained at ₹3,294.62 lakh for the quarter and year ended March 31, 2026. The company reported total comprehensive income of ₹599.41 lakh for Q4 FY26, compared to ₹221.64 lakh in Q4 FY25. For the full year, total comprehensive income stood at ₹461.54 lakh, down from ₹883.37 lakh in the previous year.

Vaswani Industries Limited has commenced the remote e-voting process for a postal ballot seeking shareholder approval for a preferential allotment of 16,45,000 fully paid-up equity shares at an issue price of ₹60 per share, aggregating to ₹9.87 crore. The funds raised are intended to enhance manufacturing capabilities, including the installation of a Ladle Refining Furnace (LRF), Vacuum Degassing (VD) system, and Continuous Casting Machines (CCM). The e-voting period commences on June 9, 2026, at 9:00 A.M. and concludes on July 8, 2026, at 5:00 P.M., with the results to be declared on July 9, 2026.

The Board of Directors approved the proposal on May 30, 2026, identifying the allottees as promoter group members, including Mr. Ravi Vaswani, Mr. Yashwant Ravi Vaswani, and Mr. Kushal Vaswani. The issue price of ₹60 per share, including a premium of ₹50, was determined based on the volume-weighted average price of the equity shares on the National Stock Exchange, which was higher than the regulatory floor price. The company has engaged MUGF Intime India Private Limited to facilitate the remote e-voting process.

Preferential Issue Details

The issuance targets specific individuals within the promoter group, with the following allocation of shares:

Voting and Scrutiny Process

Shareholders registered as of June 5, 2026, are eligible to vote through remote e-voting. The company has appointed Mr. Praveen Kumar Kanungo, a Practicing Company Secretary, as the Scrutinizer to ensure the process is conducted fairly. The resolution requires a special resolution pass. Upon approval, the allotment is expected to be completed within 15 days from the date of the resolution passing, subject to regulatory approvals.

Re-appointment of Independent Director

In addition to the capital raise, the postal ballot notice includes a special resolution for the re-appointment of Mr. Rituraj Peswani as an Independent Director for a second term of five years, effective from May 19, 2026, to May 18, 2031. The Nomination and Remuneration Committee has recommended his re-appointment based on his performance and expertise in the steel industry.