VVIP Infratech reported a decline in its consolidated net profit to ₹3007.20 lakh for the financial year ended March 31, 2026, down from ₹3609.82 lakh in the previous year. The company's revenue from operations for the period stood at ₹34649.31 lakh, a decrease from ₹37066.75 lakh in FY25. The Board of Directors approved the audited financial results for the standalone and consolidated entities for the half-year and full year ended March 31, 2026, during a meeting held on May 27, 2026.

The standalone financial results showed a net profit of ₹2266.74 lakh for FY26, compared to ₹2626.24 lakh in the prior year. Revenue from operations on a standalone basis was ₹26063.51 lakh, lower than the ₹27705.14 lakh recorded in FY25. The company's earnings per share (EPS) on a consolidated basis decreased to ₹12.04 for FY26 from ₹15.78 in the previous year.

Auditor Appointments

In addition to the financial results, the Board approved the re-appointment of Mr. Kamal Sharma as the Internal Auditor for the financial year 2026-27. The company also appointed M/s Sagar Saxena & Company as the Secretarial Auditor for FY26 and M/s Subodh Kumar & Company as the Cost Auditor for FY27. These appointments were made in compliance with the relevant sections of the Companies Act, 2013.

Subsidiary Performance

The consolidated results include the financial performance of subsidiaries such as VVIP Realtech Private Limited, VVIPL BCPL JV - AOP, and Colorcity Homes Private Limited. Colorcity Homes Private Limited, which was acquired through the Corporate Insolvency Resolution Process (CIRP), reported total assets of ₹561.41 lakh and a net profit of ₹28.94 lakh for the year ended March 31, 2026. The financial statements for Colorcity Homes were prepared for the period from October 3, 2025, to March 31, 2026, following the implementation of the Resolution Plan.

The auditors, M/s Rishi Kapoor & Co., stated that the consolidated financial results do not include the audited financial results of associates KIPL VVIP – JV (AOP) and KVS - JV (AOP) as their financials had not been finalized by the management. The independent auditor's report confirmed that the financial results present a true and fair view of the company's financial position in accordance with the accounting standards prescribed under the Companies Act, 2013.

Financial Summary

VVIP Infratech Limited has strengthened its corporate governance framework by re-appointing key statutory auditors for the financial year 2026-27. The Board of Directors approved these appointments at a meeting held on May 27, 2026, ensuring continued oversight of the company's internal controls and compliance mechanisms.

The company re-appointed Mr. Kamal Sharma as the Internal Auditor for FY27. His role focuses on conducting regular internal audits, reviewing the adequacy of internal controls, and assisting management in risk management and process improvements. Additionally, the Board re-appointed M/s Subodh Kumar & Company as Cost Auditors for the same financial year to review cost records and ensure regulatory compliance.

In a separate appointment, M/s Sagar Saxena & Company was appointed as the Secretarial Auditor. This appointment covers the period from April 1, 2025, to March 31, 2026. The firm is responsible for conducting secretarial audits to ensure compliance with listing obligations and corporate governance standards.

The remuneration for the Cost Audit was set at ₹75,000 plus applicable taxes and reimbursement of out-of-pocket expenses. The fees for the Internal Auditor and Secretarial Auditor will be mutually agreed upon, with out-of-pocket expenses reimbursed on an actual basis.

Auditor Appointment Details