Vaishno Cement Company Ltd has formally announced the approval of its unaudited financial results for the third quarter ended 31st December, 2025. The announcement follows a board meeting held on 14th February, 2026, where directors reviewed and approved the quarterly financial statements in compliance with regulatory requirements.

Board Meeting and Regulatory Compliance

The company's Board of Directors convened on 14th February, 2026, to deliberate on the quarterly financial results. The meeting, which commenced at 01:30 p.m. and concluded at 02:05 p.m., addressed the approval of unaudited financial results along with the limited review report for the third quarter ended 31st December, 2025.

The financial results have been prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework ensures that listed companies maintain transparency and provide timely disclosure of their financial performance to stakeholders and market participants.

Independent Review and Verification

The quarterly financial results underwent independent review by Manish Mahavir & Co., Chartered Accountants, based in Kolkata. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410, which governs the review of interim financial information by independent auditors.

The auditors confirmed that the unaudited standalone financial results have been prepared in accordance with applicable Indian Accounting Standards and recognized accounting practices. The review process included inquiries and analytical procedures to ensure the financial statements are free from material misstatements.

Company Information and Accessibility

Vaishno Cement Company Ltd, incorporated under CIN L26942WB1992PLC057087, maintains its registered office at 14B, Ram Chandra Moitra Lane, Kolkata 700005. The company operates with contact details including telephone +91 99031 91724 and email vaishno.cement@gmail.com , with its official website at www.vaishnocement.com .

The company has committed to making the unaudited financial results and limited review report available on its official website following the board approval. The announcement represents the company's ongoing commitment to regulatory compliance and transparent financial reporting, providing stakeholders with insights into operational and financial performance during the third quarter of the current fiscal year.

Vaishno Cement Company Ltd has submitted a detailed scheme to the National Company Law Tribunal (NCLT) for the reduction of its share capital under Section 66 of the Companies Act 2013. The comprehensive restructuring plan aims to address the company's substantial accumulated losses and restore its financial health.

Financial Position and Rationale

The company faces significant financial challenges with accumulated losses totaling ₹9.91 crores as per the audited financial statements for the year ended March 31, 2025. These losses have substantially eroded the value represented by the share capital, creating a mismatch between the company's capital structure and its actual financial position.

The scheme proposes to write off ₹8.06 crores of accumulated losses against the existing paid-up share capital. This restructuring will enable the company to present a more accurate reflection of its financial health in its balance sheet.

Capital Structure Transformation

Under the proposed scheme, the company's share capital structure will undergo significant changes. The current issued, subscribed and paid-up share capital of ₹8.95 crores comprising 89,50,200 equity shares of ₹10 each will be reduced to ₹89.50 lakhs divided into 8,95,020 equity shares of ₹10 each.

Shareholders will receive one equity share for every ten shares held prior to the scheme implementation. Any fractional shares arising from the reduction will be rounded off to the nearest integers, with holdings of 0.5 shares or more rounded up.

Strategic Benefits and Impact

The management has outlined several strategic benefits expected from this capital reduction scheme. The restructuring will enable the company to explore new business opportunities that were previously constrained due to accumulated losses. It will also provide greater flexibility in raising funds from capital markets or financial institutions.

Key benefits include:

• Better representation of the company's true financial position
• Enhanced ability to pay dividends in accordance with applicable laws
• Improved market positioning for business activities
• Greater flexibility in fund raising from equity or debt markets
• Rational capital structure commensurate with business and assets

Regulatory Compliance and Approvals

The scheme requires approval from equity shareholders through a special resolution at a general meeting. Under Regulation 37 of SEBI (LODR) Regulations 2015, schemes solely providing for writing off accumulated losses against share capital on a pro-rata basis are exempt from certain regulatory requirements.

The company's equity shares are currently listed on Bombay Stock Exchange Limited and Calcutta Stock Exchange. The listing benefits will continue post-restructuring, and the company will comply with applicable SEBI regulations.

Stakeholder Protection

The scheme document emphasizes that the capital reduction will not adversely affect the company's operations or its ability to honor commitments. Creditors, employees, and other stakeholders will not be negatively impacted, as the capital being written off has already been lost and is not represented by tangible assets. The shareholding pattern will remain unchanged, with all shareholders maintaining their proportionate ownership in the restructured entity.