Vinny Overseas Reports Rs. 754.24 Lakh Revenue in Q1, Sets AGM Date

Vinny Overseas , a textile manufacturer specializing in rayon, cotton, and polyester fashion wear fabrics, has released its unaudited financial results for the first quarter. The company's Board of Directors approved these results along with several other key corporate matters during a meeting held on August 14.

Financial Performance

For the quarter, Vinny Overseas reported:

Particulars	Amount (Rs. in Lakhs)
Revenue from Operations	754.24
Other Income	77.50
Total Income	2,619.74
Profit Before Tax	34.92
Profit After Tax	28.65

The company's revenue from operations stood at Rs. 754.24 lakhs, while the total income, including other income of Rs. 77.50 lakhs, amounted to Rs. 2,619.74 lakhs. Vinny Overseas achieved a profit before tax of Rs. 34.92 lakhs and a net profit of Rs. 28.65 lakhs for the quarter.

Key Corporate Decisions

Annual General Meeting: The Board has scheduled the 33rd Annual General Meeting (AGM) for September 30, to be held via video conferencing.
Director Reappointment: The Board has recommended the reappointment of Mrs. Vandani Sumanth Chowdhary as a director, subject to shareholder approval at the upcoming AGM.
E-voting Cut-off Date: For the purpose of remote e-voting and e-voting during the AGM, the cut-off date has been set as September 23.
Internal Audit and Annual Report: The Board approved the internal audit report for the quarter as well as the annual report for the financial year ended March 31.

Additional Information

The company's unaudited financial results have undergone a limited review by the statutory auditors, Kishan M. Mehta & Co., Chartered Accountants. The review report indicates no qualifications or modifications to the financial statements.

Vinny Overseas, recognized as a One Star Export House by the Government of India, continues to operate in the textile sector, focusing on the manufacturing of rayon, cotton, and polyester fashion wear fabrics.

The Board meeting, which commenced at 02:30 PM and concluded at 03:40 PM, addressed various compliance matters for the quarter, ensuring adherence to regulatory requirements.

Investors and stakeholders can access the detailed financial results on the company's website at www.vinnyoverseas.in .

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.79%	-4.51%	+2.42%	-12.41%	-33.16%	-96.32%

Vinny Overseas Limited , a government-recognized One Star Export House, has announced a significant change in its leadership team. The company's Board of Directors has approved the appointment of Mr. Bhavesh Kantibhai Vaghasiya as the new Company Secretary & Compliance Officer, effective July 30, 2021.

Professional Background

Mr. Vaghasiya brings a wealth of experience to his new role at Vinny Overseas Limited. He is a qualified Company Secretary, holding membership number A49340 from the Institute of Company Secretaries of India. With over six years of hands-on experience in the secretarial domain, Mr. Vaghasiya has demonstrated strong legal insight and regulatory expertise.

Areas of Expertise

Mr. Vaghasiya's expertise spans several critical areas:

Corporate secretarial operations
Statutory compliance
Governance matters
Regulatory issues

His appointment is expected to significantly enhance the company's compliance and governance framework.

Educational Qualifications

In addition to his professional certification, Mr. Vaghasiya holds an MBA in Finance. This combination of legal and financial education provides him with a comprehensive understanding of corporate operations and financial management.

Professional Approach

Colleagues recognize Mr. Vaghasiya for his meticulous and methodical approach to secretarial and compliance responsibilities. His attention to detail and thorough understanding of regulatory requirements make him well-suited for his new role at Vinny Overseas Limited.

Compliance with Regulations

The appointment of Mr. Vaghasiya as Company Secretary & Compliance Officer is in line with SEBI Listing Regulations. The company has made this announcement in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Leadership

The appointment was approved by the Board of Directors, led by Mr. Hiralal Jagdishchand Parekh, the Managing Director of Vinny Overseas Limited. This decision reflects the company's commitment to maintaining strong corporate governance and ensuring compliance with regulatory requirements.

Vinny Overseas Limited continues to demonstrate its dedication to professional management and regulatory compliance through this strategic appointment. The addition of Mr. Vaghasiya to the leadership team is expected to further strengthen the company's position in the market and its relationships with stakeholders.