Veer Global Infraconstruction Limited reported a net profit of ₹160.81 lakh for the financial year ended March 31, 2026, a decline from ₹180.81 lakh in the previous year. Revenue from operations for FY26 stood at ₹660.32 lakh, significantly lower than the ₹1162.95 lakh recorded in FY25. The company’s board approved the audited financial results on May 30, 2026, following a review by the audit committee. The results were published in newspapers on May 31, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For the quarter ended March 31, 2026, the company posted a net profit of ₹58.27 lakh on revenue from operations of ₹208.67 lakh. Total income for the quarter was ₹194.18 lakh, while total expenses were reported at ₹110.78 lakh. Earnings per share (EPS) for the fiscal year was ₹1.12, compared to ₹1.12 in the prior year.

Financial Performance

The company’s financial statements for the year ended March 31, 2026, reflect a mixed performance with a contraction in top-line revenue but maintained profitability. The table below summarizes the key financial metrics for the quarter and year ended March 31, 2026, compared to the corresponding previous periods.

Auditor’s Report and Key Observations

M/s Bansilal Shah and Company, the statutory auditors, issued an audit report with an unmodified opinion on the financial results for the year ended March 31, 2026. However, the auditors drew attention to an emphasis of matter regarding the recoverability and classification of trade receivables, advances, and project balances. External confirmations were not available for all these balances, which are material to the real estate development business. The auditors performed alternative procedures, including testing ageing schedules and subsequent collections, to form their opinion.

In its report on internal financial controls over financial reporting, the auditor identified a material weakness relating to the monitoring, recovery, and reconciliation of loans and advances and balances of debtors and creditors. Consequently, while the auditor believes the company has an adequate internal financial controls system in all material respects, this opinion is qualified by the noted material weakness.

Regulatory Disclosures and Board Decisions

The board meeting also addressed several regulatory and administrative matters. The board ratified decisions and actions taken by directors or employees during the interim period between April 1, 2025, and March 31, 2026, to ensure compliance with statutory requirements. Additionally, the board authorized Directors Shri Vijaybhai Bhanshali and Shri Priyank Parikh to handle statutory compliance and filings.

The filing included disclosures regarding a pending dispute under the Goods and Services Tax Act, where a Show Cause Notice has been issued for ₹22,12,72,895 including interest and penalty. The matter is sub-judice, and the Hon’ble High Court has granted a stay on the proceedings; hence, no provision has been recognized in the financial statements. The company also reported a default in repayment of borrowings to Bank of Baroda amounting to ₹90,01,141.74 for a period of 50 days as of March 31, 2026.

Veer Global Infraconstruction Limited has informed BSE Limited of an upcoming Board of Directors meeting scheduled for Wednesday, May 27, 2026, at 05:00 P.M. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) facility. The intimation was issued pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was dated May 16, 2026.

Board Meeting Agenda

The board meeting has been convened to deliberate on several key matters. The primary agenda item is the consideration, approval, and adoption of the audited financial results for the financial year ended March 31, 2026, as required under the Companies Act, 2013, and SEBI (LODR) Regulations, 2015. The following items are listed for discussion:

Trading Window Closure

In accordance with the Notice for the closure of Trading Window dated March 24, 2026, the Trading Window remains closed until 48 hours after the declaration of financial results for the quarter and year ended March 31, 2026. This restriction is in line with applicable SEBI insider trading regulations.

Company Details

The notice was issued from the company's registered office at A-01, Shalibhadra, 100 Feet Link Road, Near Union Bank of India, Nalasopara East, Thane, Maharashtra – 401209. The intimation to BSE Limited was made under BSE Listing Code No. 543241 and was digitally signed by Vijaybhai Vagjibhai Bhanshali, Managing Director (DIN: 05122207), on May 16, 2026. The company has also indicated that the intimation will be available on its official website.