Vaghani Techno Build has addressed a discrepancy in its financial results submission for the quarter and half-year ended September 30, 2025. The company has taken steps to correct an inadvertent error in the filing process, ensuring accurate representation of its financial performance.

Key Highlights

• Vaghani Techno-Build Limited initially filed its Q2 FY2026 results on October 17, 2025
• An error occurred in selecting the reporting type in the XBRL filing
• The company is refiling the results with the correct reporting type selection
• No changes have been made to the financial figures or content of the results

Filing Correction Details

The company clarified that while submitting the standalone financial results in XBRL mode on October 17, 2025, it mistakenly selected "Half Yearly" instead of "Quarterly" for the "Reporting Type" option. This error also led to the incorrect selection of "Half Yearly" for the "Reporting Quarter" field.

To rectify this issue, Vaghani Techno-Build is refiling the revised standalone financial results in XBRL mode with the correct selections for "Reporting Type" and "Reporting Quarter." The company has assured that there are no changes to the financial figures or content of the results, only the correction of the reporting type selection.

Financial Performance

The Board of Directors approved the unaudited standalone financial results in their meeting held on October 17, 2025. Here's a summary of the company's financial performance:

Business Segments

Vaghani Techno-Build Limited operates in three business segments:

1. Real Estate
2. Solar
3. Other Business

Auditor's Observations

The company's auditors have noted that Vaghani Techno-Build has provided a loan of Rs 2,205.97 lakhs to a related party at a 9% interest rate without a formal written agreement.

Warrant Allotment

In a significant development, the company has allotted 2,35,35,491 convertible warrants at Rs 11 per warrant. Vaghani Techno-Build has received Rs 6,47,22,600.25 as an upfront payment, representing 25% of the issue price.

Company's Response

Parth Tulsibhai Patel, Director & CFO of Vaghani Techno-Build Limited, stated, "We sincerely regret the inadvertent omission and assure you that necessary measures have been implemented to avoid such occurrences in the future."

The company has emphasized that the correction in filing does not affect the accuracy of the financial results and is purely a technical rectification in the submission process.

Investors and stakeholders are advised to consider this updated information when evaluating Vaghani Techno-Build Limited's Q2 FY2026 performance.

Vaghani Techno Build , a company operating in real estate and solar businesses, has reported a significant increase in revenue and profit for the quarter ended September 30, 2025. The company's financial results, approved by its Board of Directors on October 17, 2025, showcase a diversified business model and improved financial performance.

Financial Highlights

• Revenue from operations surged to Rs 45.00 crore in Q2 FY2026, compared to Rs 14.80 crore in the previous quarter.
• Total revenue, including other income, reached Rs 53.61 crore.
• The company posted a profit of Rs 7.57 crore for the quarter, up from Rs 5.57 crore in the previous quarter.

Segment-wise Performance

Vaghani Techno Build operates across three business segments:

The solar business emerged as the largest contributor to the company's revenue, followed by real estate and other business activities.

Balance Sheet Strength

The company's total assets stood at Rs 1,489.34 crore as of September 30, 2025, an increase from Rs 844.70 crore in March 2025. This growth in assets indicates potential expansion and investment in the company's operations.

Capital Raising and Financial Activities

• Vaghani Techno Build has allotted 2,35,35,491 convertible warrants at Rs 11 per warrant.
• The company received Rs 6.47 crore as upfront payment for these warrants.
• A loan of Rs 205.97 crore was provided to a related party at a 9% annual interest rate.

Management Commentary

Parth Tulsibhai Patel, Director & CFO of Vaghani Techno Build, signed off on the financial results, indicating the management's approval of the company's performance.

Auditor's Review

Purushottam Khandelwal & Co., Chartered Accountants, conducted an independent review of the financial results. They noted no material misstatements in the financial reporting, although they highlighted certain matters for emphasis, including:

1. Inherent risks in estimating costs for TDR development projects.
2. The allotment of convertible warrants and its potential impact on the company's equity structure.
3. A loan provided to a related party without a formal written agreement.

The auditors maintained that these observations did not modify their overall opinion on the financial results.

Vaghani Techno Build's Q2 FY2026 results demonstrate the company's ability to generate revenue from diverse business segments, with a particular strength in its solar business. The increase in total assets and the issuance of convertible warrants suggest that the company may be positioning itself for future growth and expansion.