Vineet Laboratories Company Secretary resigns effective May 29

Vineet Laboratories Limited announced that Mr. Ramesh Kumar Bandari has resigned from the post of Company Secretary and Compliance Officer effective May 29, 2026, due to personal reasons. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Consequently, Mr. Bandari has ceased to be Key Managerial Personnel under Section 203 of the Companies Act, 2013.

The resignation was communicated to the stock exchanges via a letter dated May 29, 2026. In his resignation letter, Mr. Bandari cited pre-occupation and personal obligations as the reasons for stepping down. He requested the Board to take the necessary steps, including intimating the Stock Exchanges and filing the required forms with the Registrar of Companies.

Details of the Change

The company provided the following details regarding the change in key managerial personnel as per Regulation 30 read with Schedule III of the Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-P0D2/I/3762/2026 dated January 30, 2026.

S. No	Details of Events	Information
1	Reason for change	Resignation of Mr. Ramesh Kumar Bandari (A24519) as Company Secretary & Compliance Officer due to personal reasons
2	Date of cessation	Relieved from services with effect from May 29, 2026
3	Brief profile	Not Applicable
4	Disclosure of relationships	Not Applicable

The filing was signed by Managing Director Gaddam Venkata Ramana on behalf of Vineet Laboratories Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.55%	-0.49%	-8.57%	-4.21%	+10.34%	-10.75%

Vineet laboratories Limited has reported a significant turnaround in its Q3FY26 financial performance, posting a net profit of ₹85.07 lakh compared to a substantial loss of ₹570.70 lakh in the corresponding quarter of the previous fiscal year. The pharmaceutical company's Board of Directors approved these unaudited standalone financial results for the quarter and nine months ended December 31, 2025, during their meeting held on February 14, 2026.

Board Meeting Outcomes and Regulatory Compliance

The Board meeting, which commenced at 11:30 AM and concluded at 3:40 PM on February 14, 2026, addressed multiple strategic decisions beyond financial result approval. The company has submitted its quarterly results under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to both BSE Limited (Scrip Code: 543298) and National Stock Exchange of India Limited (Scrip Code: VINEETLAB).

Board Decision	Details
Financial Results Approval	Q3FY26 and nine-month results with auditor review
Equipment Payments	Quality Control and Purified RO Water equipment
Facility Purpose	New production facility installation
Meeting Duration	11:30 AM to 3:40 PM

Financial Performance Overview

The company's quarterly financial metrics demonstrate a mixed performance with profitability recovery despite revenue challenges:

Metric	Q3FY26	Q3FY25	Change
Revenue from Operations	₹1,564.83 lakh	₹1,809.93 lakh	-13.5%
Total Income	₹1,569.59 lakh	₹1,813.19 lakh	-13.4%
Total Expenses	₹1,487.79 lakh	₹2,380.59 lakh	-37.5%
Net Profit/(Loss)	₹85.07 lakh	(₹570.70 lakh)	Positive turnaround
Basic EPS	₹0.92	(₹6.19)	Positive turnaround

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Vineet Laboratories achieved remarkable improvement in profitability:

Parameter	9M FY26	9M FY25	Variance
Revenue from Operations	₹4,050.96 lakh	₹6,091.86 lakh	-33.5%
Net Profit/(Loss)	₹38.56 lakh	(₹966.61 lakh)	Positive turnaround
Basic EPS	₹0.42	(₹10.48)	Significant improvement

Equipment Investments and Strategic Approvals

The Board ratified advances and approved payments to vendors for Quality Control equipment and Purified RO Water equipment made in February 2026. These investments are designated for installation in the company's new production facility, which was previously mentioned in the Rights Issue Letter of Offer dated December 17, 2025. The equipment purchases represent strategic investments in expanding manufacturing capabilities.

Auditor Review and Compliance

NSVR & Associates LLP, the company's statutory auditors, issued an unqualified review report on the quarterly results. The financial results have been prepared in accordance with Indian Accounting Standards and comply with SEBI regulations. The results are available on the company's website at www.vineetlabs.co.in and on BSE and NSE platforms for stakeholder access.