Veer Global Infraconstruction Limited announced its unaudited financial results for the third quarter ended December 31, 2025, showing a mixed performance with revenue declining year-over-year but demonstrating sequential quarterly growth. The results were approved by the Board of Directors on February 7, 2026, following review by the audit committee.

Financial Performance Overview

The company's operational performance for Q3FY26 reflected challenging market conditions with year-over-year revenue contraction, though sequential improvement was evident.

Expense Management and Profitability

The company's expense structure showed significant variations across different categories, with total expenses amounting to Rs 176.08 lakh in Q3FY26 compared to Rs 294.94 lakh in the corresponding quarter of the previous year.

The company reported a profit before tax of Rs 47.51 lakh for Q3FY26, with tax expenses of Rs 15.00 lakh, resulting in a net profit of Rs 32.51 lakh.

Nine-Month Performance

For the nine months ended December 31, 2025, Veer Global Infraconstruction demonstrated resilient performance despite quarterly fluctuations.

Key Financial Metrics

The company maintained its paid-up equity share capital at Rs 1,624.34 lakh with a face value of Rs 10 per share. The earnings per share for Q3FY26 stood at Rs 0.21 compared to Rs 0.33 in the corresponding quarter of the previous year. For the nine-month period, the earnings per share was Rs 0.64.

Corporate Developments

The company noted in its disclosure that it was listed on the SME Platform during the financial year ended March 31, 2025, and subsequently migrated to the Main Board during the current financial year. This transition brought additional compliance requirements under SEBI (LODR) Regulations, 2015. The Board meeting for approving these results commenced at 4:00 PM and concluded at 4:40 PM on February 7, 2026.

The financial results have been prepared in accordance with Indian Accounting Standards and reviewed by independent auditors Bansilal Shah & Co., Chartered Accountants, who provided a limited review report confirming compliance with applicable regulations.

Veer Global Infraconstruction has received a show cause notice from the Goods and Services Tax (GST) authority, highlighting potential issues with the company's Input Tax Credit (ITC) claims. The notice, dated December 5, 2025, was received by the company on December 8, 2025, from the Office of the State Tax Officer, Palghar.

Key Details of the GST Show Cause Notice

Company's Response

Veer Global Infraconstruction has stated its intention to file a detailed reply to the show cause notice. The company plans to present facts, figures, and justification to the GST Authority within the prescribed timelines. The company will provide the required evidence to substantiate its tax position.

Potential Financial Impact

While the exact financial impact remains to be determined, the company faces a significant GST demand:

• Base GST Demand: Rs 26,04,464
• Additional Interest: As applicable
• Potential Penalty: As applicable

The final financial implications will depend on the outcome of the company's response and the GST Authority's decision.

Compliance with SEBI Regulations

Veer Global Infraconstruction has made this disclosure in compliance with Regulation 30 read with Clause 8 and Clause 20 of Para A and Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This adherence to regulatory requirements demonstrates the company's commitment to transparency in its communications with shareholders and the market.

As the situation develops, investors and stakeholders will be keen to monitor the company's response and the final resolution of this GST matter. The outcome could have implications for Veer Global Infraconstruction's financial position and operational practices related to tax compliance.