Veljan Denison Limited has filed its quarterly compliance certificate with BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations 74(5) for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The compliance certificate was submitted on April 6, 2026, by Company Secretary and Compliance Officer Ramyanka Yadav K to BSE Limited. The filing relates to the company's scrip code 505232 and ensures adherence to mandatory SEBI regulations governing depository participants.

Certificate Verification

Venture Capital and Corporate Investments Private Limited (VCCIPL), serving as the Registrar and Transfer Agent, issued the compliance certificate confirming proper handling of dematerialization processes. The certificate validates that securities received for dematerialization were mutilated and cancelled after due verification.

Regulatory Adherence

The certificate confirms that depository names have been updated in company records as registered owners within the stipulated 15-day period following receipt of valid Dematerialization Request Forms and share certificates. Details of securities have been furnished to relevant stock exchanges as required.

VCCIPL, with 30 years of service excellence, operates as a SEBI registered depository participant and maintains its registered office at Aurum, Gachibowli, Hyderabad. The compliance filing ensures transparency and regulatory adherence for all stakeholders including depositories and stock exchanges where Veljan Denison securities are listed.

Veljan Denison Limited announced its unaudited financial results for the third quarter ended December 31, 2025, presenting a mixed performance with quarterly revenue declining year-over-year while nine-month figures showed growth. The Board of Directors approved the results during their meeting held on February 11, 2026.

Quarterly Financial Performance

The company's Q3FY26 consolidated performance reflected challenging market conditions with revenue from operations declining to Rs 3,691.93 lakhs compared to Rs 3,999.67 lakhs in the corresponding quarter of the previous year.

The decline in profitability was attributed to higher operational expenses, with total expenses reaching Rs 3,025.03 lakhs in Q3FY26 compared to Rs 3,166.89 lakhs in Q3FY25.

Nine-Month Performance Shows Resilience

Despite quarterly challenges, the company's nine-month performance demonstrated stronger fundamentals with growth across key metrics for the period ended December 31, 2025.

The nine-month results indicate the company's ability to maintain growth momentum despite quarterly fluctuations, with profit margins improving over the extended period.

Standalone vs Consolidated Results

The company's standalone results for Q3FY26 showed revenue from operations of Rs 3,291.17 lakhs compared to Rs 3,641.94 lakhs in Q3FY25, representing a 9.6% decline. Standalone net profit after tax was Rs 464.04 lakhs versus Rs 611.44 lakhs in the previous year quarter.

Operational Highlights

Veljan Denison operates primarily in the hydraulic products segment, with the company noting that its business activity falls within a single business segment. The company maintained its paid-up equity share capital at Rs 450.00 lakhs with a face value of Rs 10 per share.

The financial results were reviewed by the audit committee and received an unmodified review report from statutory auditors Brahmayya & Co. The company's results comply with Indian Accounting Standards and SEBI listing regulations.

Regulatory Compliance

The company addressed the impact of India's consolidated labour codes that became effective from November 21, 2025. Management assessed the incremental impact of these regulatory changes as not material and has appropriately recognized them in the current quarter's financial results.