v r films & studios has notified shareholders of its 18th Annual General Meeting (AGM), scheduled for September 4, 2026, at 11:30 am. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM). The primary agenda includes the reappointment of key managerial personnel, the appointment of new statutory auditors, and the adoption of financial results for the fiscal year ended March 31, 2026.

Board and Management Reappointments

Shareholders will be asked to approve the reappointment of Manish Satprakash Dutt as Managing Director and Chairperson for a five-year term commencing March 11, 2027. His remuneration is capped at ₹1.8 crore per annum, inclusive of salary, perquisites, and incentives. Similarly, Krishi Satprakash Dutt seeks reappointment as Whole-time Director for a three-year term with an identical remuneration cap of ₹1.8 crore per annum.

Both directors are promoters who have been associated with the company since its incorporation in December 2007. The explanatory statement notes that in the event of inadequate profits during their tenure, minimum remuneration will be paid subject to Schedule V of the Companies Act, 2013.

Auditor Appointment

The company proposes to appoint M/s Azad Jain & Co (FRN: 006251C) as its statutory auditors for a five-year term. This replaces M/s B. L. Dasharda & Associates, whose tenure concludes after this AGM. The board has authorized fixing remuneration for the new auditors in consultation with the Audit Committee.

Financial Performance Context

The AGM will also see the adoption of standalone and consolidated financial statements for FY26. The filing reveals a significant turnaround in profitability compared to the previous two years.

The company returned to profitability in FY26, reporting a PAT of ₹96.62 lakh, reversing a substantial loss of ₹374.44 lakh in FY25. This improvement follows a narrower loss of ₹61.30 lakh in FY24.

What the Numbers Show

The financial data indicates a sharp correction in the company’s bottom line. While FY25 saw a widening loss trajectory—PAT deteriorating from ₹61.30 lakh to ₹374.44 lakh—FY26 marks a decisive shift back to positive earnings. The PBT improved by over ₹619 lakh year-on-year, suggesting that the operational or non-operational drivers in FY26 were sufficient not only to cover costs but also to generate a net surplus.

Meeting Logistics

Remote e-voting will be available from August 31, 2026, at 9:00 am to September 3, 2026, at 5:00 pm. The cut-off date for voting rights is August 28, 2026. The register of members will remain closed from August 29, 2026, to September 4, 2026.

V R Films & Studios Limited reported a standalone net loss of ₹114.08 lakh for the first quarter ended June 30, 2026, marking a sharp reversal from the net profit of ₹51.93 lakh recorded in the same period of FY26. The Mumbai-based film distribution and dubbing company saw its revenue from operations contract by nearly half to ₹128.99 lakh, compared to ₹267.77 lakh in Q1FY26. This decline in top-line performance, coupled with persistent operational costs, drove the company into a loss position, signaling potential headwinds in its core business segments during the initial quarter of FY27.

The Board of Directors approved the standalone and consolidated unaudited financial results on August 06, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, B L Dasharda & Associates, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 03:00 p.m. and concluded at 03:40 p.m. The consolidated results also reflect a net loss of ₹114.07 lakh for the period.

Financial Performance

The company’s total income stood at ₹135.04 lakh, comprising ₹128.99 lakh from operations and ₹6.05 lakh from other income. Total expenses remained elevated at ₹249.73 lakh, primarily driven by employee benefits expense of ₹75.91 lakh and other expenses of ₹51.33 lakh. Cost of production was recorded at ₹52.63 lakh. The profit before tax stood at a deficit of ₹114.69 lakh. After accounting for deferred tax benefits of ₹0.61 lakh, the net loss for the period was determined at ₹114.08 lakh.

Consolidated View

The consolidated financial statements include the results of its wholly-owned subsidiary, Krismicbon Ai Tech Private Limited, which was incorporated on September 19, 2025. The subsidiary contributed to a comprehensive loss of ₹114.07 lakh for the quarter. As this is the first time consolidated statements are being prepared following the acquisition, comparative figures for Q1FY26 are not presented for the consolidated segment. The paid-up equity share capital remains unchanged at ₹1,097.60 lakh.

What the Numbers Show

The divergence between revenue contraction and expense stability is the defining feature of this quarter’s performance. While revenue from operations dropped by over 50% year-on-year, total expenses increased by 12.5% to ₹249.73 lakh. Employee benefits and other expenses accounted for the majority of this cost base, suggesting fixed-cost rigidity that amplified the impact of lower sales. The shift from a ₹51.93 lakh profit to a ₹114.08 lakh loss highlights the sensitivity of the company’s margins to volume fluctuations in film distribution and dubbing services.