Vivaa Tradecom Limited has approved a proposal to raise funds through a rights issue of equity shares up to Rs 15 Crores. The decision was taken by its board of directors during a meeting held on Friday, June 26, 2026. This capital raising initiative aims to bolster the company's financial resources by leveraging its existing shareholder base, adhering to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The board constituted a Rights Issue Committee to oversee the implementation process. This committee is tasked with determining specific terms, including the issue price, rights entitlement ratio, record date, timing of the issue, and terms of payment, which will be disclosed in due course. The total amount for which the equity shares will be issued is capped at Rs 15 Crores. The exact number of equity shares to be issued will be determined after receiving in-principle approval from the stock exchange.

The securities offered will be equity shares of the company with a face value of Rs 10 each, issued to eligible shareholders as on the record date to be notified later. The meeting was held at the company's registered office in Ahmedabad and commenced at 11:30 a.m., concluding at 12:30 noon. The intimation regarding the outcome was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Mitesh Jayantilal Adani, Managing Director, signed the disclosure on June 26, 2026.

Key Details of the Rights Issue

Vivaa Tradecom Limited reported a 16.1% decline in net profit to ₹63.77 lakh for the financial year ended March 31, 2026, compared to ₹76.02 lakh in the previous year. Revenue from operations for FY26 stood at ₹28,479.11 lakh, a marginal decrease from ₹28,750.48 lakh in FY25. The company's Board approved the standalone financial results for the half-year and year ended March 31, 2026, at a meeting held on May 26, 2026.

The statutory auditors, M/s. Shreekant S. Shah & Co., issued an unmodified opinion on the audited financial results. For the half-year ended March 31, 2026, the company recorded a net profit of ₹3.88 lakh, significantly lower than the ₹59.89 lakh reported for the half-year ended September 30, 2025. Total revenue for the half-year ended March 31, 2026, was ₹15,671.91 lakh.

Financial Performance

The company's total expenses for FY26 increased to ₹28,351.45 lakh from ₹28,647.53 lakh in the previous year. Profit before tax for the year stood at ₹97.41 lakh, down from ₹103.76 lakh in FY25. The company recognized a loss of ₹37.57 lakh on the sale of a car, which was disclosed as an exceptional item. Basic and diluted earnings per share (EPS) for FY26 were reported at ₹1.62, compared to ₹1.93 in the previous year.

Assets and Liabilities

The company's total assets as of March 31, 2026, stood at ₹9,840.41 lakh, an increase from ₹9,144.84 lakh in the previous year. Current assets rose to ₹9,803.04 lakh, driven by higher trade receivables and inventories. Shareholders' funds improved to ₹2,243.82 lakh from ₹2,180.05 lakh. Cash and cash equivalents increased significantly to ₹46.32 lakh from ₹13.27 lakh at the end of FY25.

Board Decisions

In addition to approving the financial results, the Board appointed M/s. S. Mandawat & Co., Chartered Accountants, as the internal auditor for FY 2026-27. The firm, established in 1998, provides services in audit, taxation, consultancy, and advisory. The Board also took note of the standalone auditor's report with an unmodified opinion.