vsf projects reported a net loss of ₹6.49 lakh for the quarter ended June 30, 2026, reflecting continued operational challenges with no revenue generated from core business activities. The loss widened from ₹3.83 lakh in the corresponding quarter of the previous year, driven by a rise in total expenses to ₹22.86 lakh against other income of ₹9.82 lakh. For the full financial year ended March 31, 2026, the company posted a net loss of ₹43.22 lakh.

The Board of Directors approved the unaudited financial results and the limited review report issued by V D P & Co., Chartered Accountants, during its meeting held on August 10, 2026. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors confirmed that the statement disclosed all required information without material misstatement.

Financial Performance

The company recorded nil net sales or income from operations for the quarter, continuing a trend observed in the preceding periods. Total income was restricted to other income, which stood at ₹9.82 lakh, down from ₹19.07 lakh in the same quarter last year. Expenses increased significantly, primarily due to higher other expenses and depreciation charges.

Earnings per share stood at a loss of ₹0.04 for the quarter, compared to a loss of ₹0.02 in the same period last year. The company’s paid-up equity share capital remained unchanged at ₹1,639.63 lakh.

What the Numbers Show

The absence of operational revenue highlights a lack of active project execution or billing during the quarter. While finance costs remained relatively stable at ₹1.50 lakh, depreciation and other administrative expenses accounted for the bulk of the outflows. The decline in other income from ₹19.07 lakh to ₹9.82 lakh further exacerbated the loss position, indicating reduced non-operating inflows such as interest or gains on investments.

Board Approvals and Director Re-appointments

The Board approved the re-appointment of two independent directors for a second term of five years each, effective from November 15, 2026, to November 14, 2031, subject to shareholder approval at the 34th Annual General Meeting:

• Ramesh Babu Nemani (DIN: 08089820), who holds a postgraduate degree in law and has over 25 years of corporate experience across sectors including engineering, telecom, and infrastructure.
• Srinivashetty Srinivasa Rao (DIN: 00895774), a chemical engineer with 35 years of experience in project management, value engineering, and technology transfer, including roles with multinational companies and UNIDO.

Both directors are not related to any existing directors of the company. The Board also approved the Director’s Report and the notice convening the 34th Annual General Meeting for the financial year ended March 31, 2026.

vsf projects secured shareholder approval to increase its authorized share capital and amend the capital clause of its Memorandum of Association. The resolutions were passed via remote e-voting, which concluded on July 15, 2026, with the requisite majority required under the Companies Act, 2013 and SEBI Listing Regulations.

The postal ballot process, managed by scrutinizer Mohit Gurjar of P.S. Rao & Associates, sought approval for four special business items. Alongside the capital restructuring, shareholders sanctioned related party transactions with three promoter directors: Narayana Murthy Bobba, Vijaya Lakshmi Bobba, and Lakshminarasimha Bobba Chowdary.

The remote e-voting period commenced on June 16, 2026, and was available to shareholders holding shares as of the cut-off date of June 12, 2026. A total of 55 valid ballots were received for the resolution regarding the capital increase, representing 8,043,155 total valid votes. The resolution received 98.63% approval, with 7,933,211 votes in favor and 109,944 votes against.

For the related party transactions, 44 valid ballots were cast for each resolution. The transactions with Narayana Murthy Bobba and Lakshminarasimha Bobba Chowdary received 3,858,506 votes in favor against 109,945 votes against, while the transaction with Vijaya Lakshmi Bobba received 3,858,506 votes in favor against 109,944 votes against. Votes totaling 4,074,705 from the promoter and promoter group were excluded from the count for resolutions 2, 3, and 4 due to their interest in the matters.

Voting Results Summary

The scrutinizer's report confirms that all proposed resolutions have been passed with the necessary majority and are deemed effective as of the last date of voting.