Veronica Production Limited has notified BSE Limited of the resignation of Ms. Sweta Rasikbhai Panchal (DIN: 10298714) from the position of Independent Director, with effect from 05 May 2026. The intimation was made in pursuance of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the Listing Regulations. The company's Managing Director, Nirbhaybhai Dhruvbhai Dave (DIN: 10439618), signed and submitted the disclosure on 05 May 2026.

Resignation Details

Ms. Panchal cited pre-occupancy as the reason for stepping down from her role. In her resignation letter addressed to the Board of Directors of Veronica Production Limited, she confirmed that there are no other material reasons for her resignation beyond those stated. The Board has been requested to relieve her from her duties effective from the date of signing of her resignation letter, and to submit the necessary forms with the office of the respective Registrar of Companies.

The key details of the resignation, as disclosed under SEBI Circular No. CIR/CFD/CMD/4/2015 dated 09 September 2015, are summarised below:

Directorships Held in Other Listed Entities

As part of the mandatory disclosure requirements for a resigning Independent Director, Ms. Panchal's directorships in other listed entities have been disclosed. She holds directorships in the following companies:

• Kenrik Industries Limited
• MPF Systems Limited
• Raghuvir Exim Limited

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. Ms. Panchal's confirmation that no other material reasons exist beyond pre-occupancy has been provided in the enclosed resignation letter, fulfilling the additional information requirements applicable to resigning Independent Directors under the applicable SEBI circular.

Veronica Production Limited has published its audited standalone financial results for the quarter and year ended March 31, 2026, fulfilling its regulatory obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The results were published in Business Standard English and Jai Hind Gujarati newspapers on May 1, 2026.

Financial Performance Overview

The company's operational performance showed significant challenges during the reporting period. Total income from operations for Q4 FY26 stood at zero, marking a substantial decline from ₹64.83 lakhs in Q3 FY26 and ₹97.12 lakhs in Q4 FY25.

Annual Performance Analysis

For the full financial year FY26, Veronica Production Limited reported total income from operations of ₹424.97 lakhs, representing a decline from ₹692.87 lakhs achieved in FY25. The company recorded a comprehensive loss of ₹21.75 lakhs for FY26, which was an improvement compared to the loss of ₹66.45 lakhs in FY25.

Capital Structure

The company maintained a stable capital structure throughout the reporting periods. The paid-up equity share capital remained constant at ₹7128.79 lakhs across all quarters, with each share having a face value of ₹10.

Earnings Per Share

Both basic and diluted earnings per share remained in negative territory, reflecting the company's loss-making position. For Q3 FY26, the EPS was ₹0.02, while Q4 FY25 showed ₹0.01. The annual EPS for FY26 was ₹0.03 compared to ₹0.09 in FY25.

Regulatory Compliance

The financial results were submitted to BSE Limited under scrip code 531695, with Managing Director Nirbhaybhai Dhruvbhai Dave (DIN: 10439618) signing the compliance documents. The company's registered office is located at 130, Silver Chamber, Tagore Road, Rajkot, Gujarat, while its corporate office operates from Ahmedabad.