Vashu Bhagnani Industries Limited has announced its unaudited financial results for the third quarter of FY26 ended December 31, 2025, demonstrating strong operational performance across both standalone and consolidated operations. The company, formerly known as Pooja Entertainment and Films Limited, operates primarily in the films distribution and production segment.

Financial Performance Overview

The company delivered robust results for Q3FY26, with significant improvements in profitability metrics. The Board of Directors approved these unaudited results at their meeting held on February 12, 2026, which commenced at 4:00 PM and concluded at 5:30 PM.

Q3FY26 Quarterly Results

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company maintained strong momentum across all key financial parameters.

Nine-Month Results Comparison

Operational Highlights

The company's cost structure showed effective management during the quarter. Cost of production and distribution of films stood at ₹456.65 lakhs on both standalone and consolidated basis. Employee benefits expense was ₹11.60 lakhs for standalone operations and ₹43.94 lakhs for consolidated operations.

Key Expense Categories (Q3FY26)

Corporate Structure and Subsidiaries

The consolidated results include performance from the company's subsidiaries: Modern Production FZ LLC UAE (foreign subsidiary) and Pooja Leisure and Lifestyle (Indian partnership firm). The subsidiaries contributed total income of ₹225.18 lakhs and net profit of ₹167.24 lakhs for the quarter.

Capital Structure

The company's paid-up equity share capital remained stable at ₹6,395.35 lakhs with face value of ₹10 per share. Other equity excluding revaluation reserves stood at ₹7,932.97 lakhs as of March 31, 2025.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standard (Ind AS) 34 "Interim Financial Reporting" and comply with Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The results were reviewed by D S M R & Co, Chartered Accountants, who issued unmodified review reports for both standalone and consolidated financials.

Vashu Bhagnani Industries Limited (VBIL), formerly known as Pooja Entertainment and Films Limited, has reached a significant milestone in its corporate journey. The company recently announced that it has received listing approval from the Bombay Stock Exchange (BSE) for 85,15,000 equity shares, marking a pivotal moment in its capital structure.

Key Details of the Listing Approval

Implications and Next Steps

The listing approval from BSE is a crucial step for VBIL, paving the way for the company to strengthen its equity base. Following this approval, the company has outlined its next course of action:

1. Corporate Actions: VBIL will proceed with necessary corporate actions through depositories.
2. RTA Consultation: The company will work in consultation with its Registrar and Transfer Agent (RTA).
3. Final Trading Application: Upon completion of the above steps, VBIL will submit the final trading application to the stock exchange.

This development comes as part of the company's strategic move to convert warrants into equity shares, potentially enhancing its capital structure and providing additional resources for business operations.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This adherence to regulatory norms underscores VBIL's commitment to transparency and good corporate governance practices.

Investors and market participants will be keenly watching the subsequent steps as VBIL moves forward with the integration of these new equity shares into its existing share capital structure. The successful completion of this process could potentially impact the company's market capitalization and liquidity in the stock market.

As VBIL transitions from its former identity as Pooja Entertainment and Films Limited, this equity expansion may signal new strategic directions or growth initiatives for the company. Stakeholders will likely be anticipating further communications from the company regarding the utilization of the funds raised through this preferential issue and its impact on the company's future plans.