Virat Industries alters object clause, adopts new MOA

Virat Industries Ltd has approved the alteration of its Object Clause and the adoption of a new Memorandum of Association (MOA) to align with the Companies Act, 2013 and diversify its business operations. The board's decision on June 24, 2026, removes the company's focus on oral and dental care products and expands its scope into textiles, investment management, and real estate. These changes are intended to provide greater operational flexibility and support the company's future growth strategy.

The board also withdrew a previously proposed name change to "Brham Well-being & Lifestyle Corporation Limited". The company stated it is evaluating a new name that will better resonate with its revised business objects and long-term strategic vision. The withdrawal follows the Ministry of Corporate Affairs' earlier approval of the proposed name via a Reserve Unique Name (RUN) application.

Alteration of Business Objects

The revised Main Object Clause omits the existing authorization for manufacturing oral and dental care products. Instead, it retains the textile and hosiery business and incorporates enabling objects for three new business verticals.

Business Vertical	Proposed Activities
Textile and Garment Business	Manufacturing, processing, weaving, knitting, trading, importing, exporting, supplying and dealing in socks, hosiery products, garments, apparel, textiles, yarn, fabrics and allied products.
Investment and Management Services Business	Acquiring, subscribing, investing in, holding, managing, selling, transferring and dealing in shares, stocks, debentures, bonds and securities. Includes operating as an investment and holding company and providing managerial, administrative, technical and financial support services to subsidiaries and group entities.
Real Estate, Infrastructure and Construction Materials Business	Real estate development, construction, infrastructure development, property acquisition, management and leasing. Includes manufacturing, processing, trading and dealing in construction materials and building products.

Adoption of New Memorandum of Association

The board approved the adoption of a new MOA, subject to shareholder approval, to replace the existing document framed under the Companies Act, 1956. The new MOA re-aligns the Object Clause with the Companies Act, 2013 and categorizes objects into Clause III(A) for principal activities and Clause III(B) for ancillary matters. The "Other Objects" clause has been removed as permitted activities under this clause are no longer valid under the current legislation.

The company stated that the revised ancillary objects are enabling in nature and designed to support the revised main objects. The draft MOA has been placed on the company's website. The meeting commenced at 04.00 PM and concluded at 04.28 PM on June 24, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.65%	-1.50%	-23.58%	-26.27%	-14.06%	+983.77%

Virat Industries Limited reported a significant rise in profitability for the financial year ended March 31, 2026, with profit after tax increasing 445.8% to ₹493.87 crore from ₹90.45 crore in the previous year. The company's total income for the year stood at ₹3,307.16 crore, a slight increase from ₹3,267.23 crore in FY25. The board of directors approved the standalone audited financial results for the fourth quarter and the year ended March 31, 2026, at its meeting held on May 26, 2026.

The statutory auditors, M/s B. K. Khare & Co., issued an unmodified opinion on the audit report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. For the quarter ended March 31, 2026, the company reported a profit after tax of ₹104.99 crore, compared to ₹17.50 crore in the corresponding quarter of the previous year. Revenue from operations for the quarter was ₹509.55 crore, down from ₹773.35 crore in the same period last year.

Financial Performance

The company's earnings per share (EPS) for the year increased to ₹3.75 from ₹1.84 in the previous year. For the quarter ended March 31, 2026, the EPS stood at ₹0.72. The board also noted that the preferential allotment of 95,99,999 equity shares to Mr. Bhavook Chandraprakash Tripathi was completed on May 23, 2025, increasing the paid-up equity share capital. The amount raised remained unutilized as of the reporting date and was kept in scheduled bank accounts.

The following table summarizes the key financial metrics for the full year:

Metric:	FY26 (₹ in lakh)	FY25 (₹ in lakh)	Change (%)
Total Income:	3,307.16	3,267.23	1.22%
Total Expenses:	2,641.07	3,146.05	-16.05%
Profit Before Tax:	666.09	121.18	449.70%
Profit After Tax:	493.87	90.45	445.80%
Earnings Per Share (₹):	3.75	1.84	103.80%

Board Decisions

The board re-appointed M/s B. K. Khare & Co., Chartered Accountants, as tax auditors for the financial year 2026-27. M/s S. R. Rege & Co., Chartered Accountants, were re-appointed as internal auditors for the same period. The board also approved the Corporate Social Responsibility (CSR) Policy in accordance with Section 135 of the Companies Act, 2013, and authorized Managing Director Mr. Adi F Madan to design, plan, implement, and monitor CSR initiatives.

In a strategic shift, the board decided not to proceed with the incorporation of a wholly owned subsidiary in the UAE, which was previously approved in December 2025. Consequently, the earlier approval has been rescinded, and related disclosures stand withdrawn. The board meeting commenced at 05:30 PM and concluded at 06:40 PM on May 26, 2026.