Viram Suvarn Limited appointed Mr. Yogesh Makwana as its internal auditor for the financial year 2026-27. The Board of Directors approved the move on September 3, 2026.

The appointment follows a recommendation from the Nomination and Remuneration Committee. It was formalized during a board meeting held at the company’s registered office in Ahmedabad.

Appointment Details

Mr. Makwana brings expertise in accounting, auditing, taxation, financial reporting, and internal controls. His term begins immediately upon approval for the upcoming fiscal year.

Regulatory Compliance

The company issued this intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023.

Mahendra Ramniklal Shah, Managing Director, signed the intimation to the BSE Limited Corporate Relations Department.

Viram Suvarn Limited reported a standalone net profit of ₹143.93 lakh for the first quarter ended June 30, 2026 (Q1FY27), up 1.9% from ₹141.23 lakh in the corresponding period of the previous year. While revenue from operations contracted by 17.7% to ₹434.78 lakh from ₹528.43 lakh, the bottom line remained resilient due to a substantial spike in other income, which rose to ₹316.73 lakh compared to just ₹0.03 lakh in Q1FY26.

The Board of Directors approved the unaudited financial results during a meeting held on August 7, 2026, in Ahmedabad. The results were reviewed by the Audit Committee and subjected to a limited review by Shah Karia & Associates, Chartered Accountants, who serve as the statutory auditors of the company. The filing was made pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Highlights

Total revenue for the quarter stood at ₹751.51 lakh, an increase from ₹528.46 lakh in Q1FY26, primarily driven by non-operating gains. Total expenses decreased to ₹582.08 lakh from ₹347.23 lakh in the same period last year, largely due to fluctuations in inventory changes. The company reported a profit before tax of ₹169.43 lakh, down slightly from ₹181.23 lakh in Q1FY26.

Earnings per share (basic) for continuing operations were reported at ₹0.13, compared to ₹0.19 in Q1FY26. The paid-up equity share capital remains at ₹2,269.23 lakh with a face value of ₹2 per share.

What the Numbers Show

The most significant divergence in Viram Suvarn’s Q1FY27 performance is the decoupling of operational revenue from total profitability. While core revenue from operations fell nearly 18%, the company’s net profit margin expanded due to other income constituting 42% of total revenue, up from negligible levels in the previous year. This suggests that the bottom-line stability in Q1FY27 was not driven by operational efficiency or sales growth, but rather by non-recurring or investment-related gains captured under 'Other Income'. Investors should monitor whether this income stream is sustainable or a one-off event, as the core business faces headwinds with declining operational revenue and rising inventory costs.