Vruddhi Engineering Works Limited reported a 106% year-on-year increase in net profit for FY26, reaching ₹307.77 lakh. The Mumbai-based firm also logged a 35% rise in revenue from operations to ₹4,300.37 lakh, reflecting robust demand in its core mechanical slicing solutions segment.

The company’s Board of Directors approved these audited standalone financial results on May 28, 2026. The statutory auditor, M/s. Maheshwari & Co., issued an unmodified opinion on the financial statements, confirming their compliance with applicable accounting standards and SEBI regulations.

Financial Performance Overview

Vruddhi Engineering demonstrated significant margin expansion alongside top-line growth. Profit before tax more than doubled to ₹416.33 lakh, compared to ₹203.95 lakh in the previous fiscal year. This surge was supported by disciplined cost management, as total expenditure grew at a slower pace than revenue.

What the Numbers Show

A critical divergence appears between profit growth and working capital dynamics. While net profit doubled, trade receivables increased significantly from ₹802.02 lakh to ₹1,195.75 lakh, absorbing ₹393.73 lakh in operating cash flow. Despite this outflow, the company generated positive net cash from operations of ₹299.66 lakh in FY26, a stark improvement from the negative ₹352.65 lakh recorded in FY25. This shift suggests that while collections have slowed relative to revenue growth, overall liquidity management has stabilized considerably.

Balance Sheet and Cash Flow Highlights

The company’s equity base strengthened, with reserves and surplus rising to ₹900.97 lakh from ₹593.20 lakh in the previous year. Non-current investments saw a substantial jump to ₹302.39 lakh, indicating strategic capital deployment. Conversely, short-term borrowings increased to ₹596.49 lakh, up from ₹399.64 lakh, highlighting a reliance on short-term debt to fund working capital needs.

Cash and cash equivalents ended the year at ₹18.10 lakh, down from ₹40.03 lakh, primarily due to ₹154.31 lakh spent on property, plant, and equipment and ₹301.09 lakh on investments. The revised filing corrected an inadvertent error in the cash flow statement regarding provisions, though this did not alter the final net profit or revenue figures.

Vruddhi Engineering Works Limited shareholders unanimously approved all resolutions at its Annual General Meeting held on September 30, 2026. The company received 100% support for the adoption of FY26 financial statements and the re-appointment of director Bindu Kunal Mehta.

The meeting, conducted via ballot papers as required under the Companies Act, 2013, and Listing Regulations, saw a total of 5 members present and voting, casting 1,845,640 votes in favor of both ordinary resolutions. No votes were cast against either resolution, and no invalid or abstained votes were recorded.

Meeting proceedings and resolutions

The AGM commenced at 12:00 pm and concluded by 12:20 pm at the company's registered office in Andheri East, Mumbai. The following businesses were transacted during the session:

1. Adoption of audited standalone financial statements, Board of Directors' report, and Auditors' report for FY26.
2. Appointment of a director in place of Bindu Kunal Mehta (DIN: 08936998), who offered herself for re-appointment upon retirement by rotation.

Voting results and scrutinizer report

Krushang Shah & Associates, appointed as the scrutinizer, submitted the report on October 1, 2026. The detailed voting breakdown reveals that promoters and promoter group members voted 1,791,312 shares in favor, while public non-institutional shareholders voted 54,328 shares in favor. The total number of outstanding shares stood at 2,523,584, with 73.14% of these shares participating in the poll.

Disclosure requirements

Pursuant to Regulation 44(3) of the Listing Regulations, the results of the passing of these resolutions have been disclosed to the stock exchanges. The company informed BSE Limited of these proceedings and the submission of the scrutinizer's report under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.