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.

Vaghani Techno Build , a company listed on the Bombay Stock Exchange (BSE: 531676), has successfully secured shareholder approval for five significant corporate restructuring resolutions through a postal ballot. The company's Director and CFO, Parth Tulsibhai Patel, communicated these approvals to the BSE, marking a pivotal moment in the company's strategic direction.

Key Resolutions Approved

The shareholders have given their assent to the following measures:

1. Memorandum of Association Amendment: Addition of Object No. 4 under the main object clause, expanding the company's scope of operations.

2. Enhanced Borrowing Limits: Increase in overall borrowing limits as per Section 180 (1) (C) of the Companies Act, 2013, potentially allowing for greater financial flexibility.

3. Asset Utilization Limits: Raised limits under Section 180 (1) (A) of the Companies Act, 2013, which could enable more efficient asset management.

4. Investment and Loan Capabilities: Approval for increased loans and investments by the company under Section 186 of the Companies Act, 2013, possibly opening up new avenues for growth and diversification.

5. Warrant Issue Modification: Ratification of variations in the objects of a preferential issue of warrants, in compliance with Regulation 32(1a) of SEBI (LODR) Regulations, 2015.

Voting Process and Results

The postal ballot, conducted through remote e-voting, concluded on October 11 at 5:00 PM IST. Mrs. Krishna Hardik Bhavsar, a practicing Company Secretary, served as the scrutinizer for the process. The scrutinizer's report, submitted on October 13, confirmed that all special resolutions were approved by the members with the requisite majority.

Implications and Next Steps

These approvals signify a potential shift in Vaghani Techno Build's operational and financial strategies. The amendments to the Memorandum of Association and the increased limits for borrowing, investments, and loans could indicate the company's plans for expansion or diversification.

Investors and stakeholders should note that the trading window for the company's securities has been closed since October 1, and will remain so until 48 hours after the declaration of the financial results for the quarter and half-year ended September 30. The board meeting to consider and approve these unaudited financial results is scheduled for October 17.

As Vaghani Techno Build implements these approved measures, market participants will be keenly watching for any impact on the company's financial performance and strategic direction in the coming quarters.