Vaswani Industries Limited has notified stock exchanges about the postponement of its unaudited financial results for the third quarter of fiscal year 2025-26, citing technical difficulties with its accounting systems.

Board Meeting Postponement Details

The company's board meeting, originally scheduled for February 13, 2026, was adjourned to February 14, 2026, but could not be concluded as planned. The meeting was convened to consider the unaudited standalone financial results for the quarter ended December 31, 2025.

Technical Issues Behind the Delay

The delay stems from recent updates and maintenance activities conducted on the company's SAP accounting system. These activities led to certain technical difficulties in finalizing the accounting data, which were identified during the review process by the statutory auditors.

The company explained that the SAP system maintenance created complications that prevented the proper completion of financial data compilation, making it impossible to declare the results as scheduled.

Next Steps and Timeline

Vaswani Industries has outlined its immediate action plan to address the situation:

• A new board meeting will be convened within 14 days to consider and approve the financial results
• Due intimation will be provided to stock exchanges regarding the new meeting date
• The trading window will remain closed until 48 hours after the declaration of financial results

Regulatory Compliance

The notification was issued in continuation of the company's earlier intimation dated February 06, 2026, pursuant to Regulation 29(1) of the SEBI (LODR) Regulations, 2015. Company Secretary Sakshi Agrawal signed the official communication to both BSE Limited and National Stock Exchange of India Limited.

The company has expressed regret for the delay and apologized for any inconvenience caused to stakeholders, emphasizing its commitment to resolving the technical issues promptly.

Vaswani Industries Limited (VIL), a key player in the Indian steel sector, has received a significant boost to its production capabilities. The company recently announced that it has secured approval from the Chhattisgarh Environment Conservation Board (CGECB) for an additional MS Billet capacity of 105,000 TPA (Tonnes Per Annum), which includes its existing capacity of 36,000 TPA.

Environmental Compliance and Expansion

The approval, formally known as 'Consent to Operate', aligns with the previously issued environmental clearance, underlining Vaswani Industries' commitment to sustainable growth. This development marks a substantial increase in the company's production potential, potentially strengthening its market position in the steel industry.

Key Details of the Approval

Implications for Vaswani Industries

This environmental approval is a crucial step for Vaswani Industries, potentially enabling the company to:

1. Significantly increase its production output
2. Meet growing market demand for MS Billets
3. Enhance its competitive edge in the steel manufacturing sector

The expanded capacity could translate into improved operational efficiency and potentially higher revenues for the company, subject to market conditions and demand dynamics.

Regulatory Compliance

In line with regulatory requirements, Vaswani Industries has promptly disclosed this development to the stock exchanges under Regulation 30 of SEBI (LODR) Regulations, 2015. This transparency ensures that shareholders and potential investors are kept informed about significant operational changes that could impact the company's performance.

As the steel sector continues to play a vital role in India's infrastructure and economic growth, Vaswani Industries' capacity expansion, backed by necessary environmental clearances, positions the company to potentially capitalize on emerging opportunities in the market.