Vellora Impact Limited reported a net profit of ₹790.33 lakh for the quarter ended June 30, 2026, marking a turnaround from the net loss of ₹211.16 lakh in the same period last year. The company’s revenue from operations surged to ₹14,192.10 lakh, driven primarily by the Agriculture segment, compared to ₹116.86 lakh in the quarter ended June 30, 2025. The financial results were reviewed by the statutory auditor, Chandabhoy & Jassoobhoy Chartered Accountants, who issued a limited review report with a qualified opinion.

Financial Performance

The company’s total income for Q1FY27 stood at ₹14,192.10 lakh, a substantial increase from ₹116.91 lakh in the prior year quarter. Total expenses for the period were ₹1,3401.77 lakh. Profit before exceptional items and tax was ₹790.33 lakh, compared to a loss of ₹218.66 lakh in Q1FY26. The basic and diluted earnings per share (EPS) for the quarter were ₹14.19.

Segment Reporting

The Agriculture segment emerged as the primary revenue driver during the quarter, contributing ₹14,192.10 lakh to the total revenue. The segment reported an EBITDA of ₹798.27 lakh and a profit before tax (PBT) of ₹790.33 lakh. In contrast, the Chemical segment, which reported revenue in previous periods, did not record any revenue for the current quarter.

Auditor’s Observation

Chandabhoy & Jassoobhoy Chartered Accountants provided a limited review report noting that the company accounts for gratuity and leave encashment on a cash basis. The auditor stated that this practice is not in accordance with Ind AS 1 on "Presentation of Financial Statements" and Ind AS 19 on "Employee Benefits" prescribed by the Institute of Chartered Accountants of India. The extent of the non-compliance in terms of value was not ascertainable.

The Board of Directors approved the unaudited financial results at its meeting held on July 22, 2026. The results were submitted in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Pratiksha Chemicals Limited approved raising approximately ₹55.99 crore through the preferential allotment of fully convertible warrants and equity shares at its Extraordinary General Meeting (EGM) held on February 20, 2026. The meeting also sanctioned changing the company's name to Vellora Impact Limited and increasing the authorized share capital to ₹32 crore to support diversification and expansion plans.

Capital Raising and Allotment Details

Shareholders authorized the issuance of up to 1,70,64,840 fully convertible warrants and 87,17,750 equity shares to non-promoters on a preferential basis. The securities are priced at ₹21.72 each, comprising a face value of ₹10 and a premium of ₹11.72. The warrants are convertible into an equal number of equity shares within 18 months from the date of allotment. The proceeds will be utilized for loan repayment, funding working capital requirements of proposed subsidiaries, and general corporate purposes.

Corporate Restructuring and Governance

The EGM approved the alteration of the company's Memorandum of Association to facilitate diversification into new sectors including information technology, gold and precious metals, agricultural commodities, and interior furnishing solutions. Consequently, the company name will be changed to Vellora Impact Limited to reflect this broader strategic focus. The authorized share capital was increased from ₹7.50 crore to ₹32 crore by creating 2,45,00,000 new equity shares of ₹10 each.

Board Appointments and Approvals

The board underwent significant changes with the regularization of several director appointments. Mr. Sumit Harjibhai Gol was appointed as Managing Director for a term of three years, with a remuneration not exceeding ₹10,00,000 per year. Additionally, Mr. Kishan Rajeshbhai Mendapara and Ms. Khushbu Hemanshu Nadapara were regularized as Independent Directors for a term of five years ending December 25, 2030. Mr. Kalpesh Kamani was also appointed as a Director (Executive, Non Independent) liable to retire by rotation.

Financial and Regulatory Approvals

The company reported a total revenue of ₹610.82 lakh and a net loss of ₹766.47 lakh for the financial year 2024-25. To support its financial requirements, shareholders approved increasing the borrowing limit to ₹200 crore and authorized the board to provide loans, guarantees, or securities up to ₹200 crore. All resolutions passed at the EGM are special resolutions and are subject to the approval of the Registrar of Companies and other relevant regulatory authorities.