Visagar Financial Services Reports Q1 FY2026 Loss, Appoints New Director Amid Management Changes

1 min read Updated on 14 Aug 2025, 07:01 PM

Reviewed by

Naman SScanX News Team

Overview

Visagar Financial Services Limited (VFSL) reported a net loss of Rs 105.14 lakhs for Q1 FY2026, an improvement from Rs 257.97 lakhs loss in Q1 FY2025. Total income decreased to Rs 254.87 lakhs from Rs 3,057.49 lakhs year-over-year. The company appointed Mr. Vikasjeet Singh as Additional Director and announced the resignation of Mr. Pushpraj Gupta as Company Secretary. VFSL also adopted new codes for trading regulation and fair disclosure practices.

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Visagar Financial Services Limited (VFSL) has reported a net loss of Rs 105.14 lakhs for the first quarter ended June 30, 2025, according to the company's unaudited financial results approved by its Board of Directors. This loss represents a significant improvement compared to the Rs 257.97 lakhs loss reported in the same quarter of the previous year.

Financial Performance

The company's total income for Q1 FY2026 decreased to Rs 254.87 lakhs from Rs 3,057.49 lakhs year-over-year. The breakdown of income shows:

Interest Income: Rs 33.18 lakhs
Investment Income: Rs 221.69 lakhs

Total expenditure for the quarter fell to Rs 360.01 lakhs from Rs 3,315.46 lakhs in the corresponding quarter last year. Key expense items include:

Expense Category	Amount (Rs lakhs)
Purchase of stock-in-trade	87.04
Changes in inventories	217.11
Employee benefits expenses	7.08
Other expenses	46.32

The company's basic and diluted earnings per share (EPS) stood at negative Rs 0.02 for the quarter.

Management Changes

In a significant board-level change, VFSL announced the appointment of Mr. Vikasjeet Singh as an Additional Director (Non-Executive, Non-Independent) effective August 14, 2025. Mr. Singh, a graduate from Punjab University, brings over two years of experience in VFX Compositing to the board.

Simultaneously, the company disclosed the resignation of Mr. Pushpraj Gupta from his position as Company Secretary, effective from the closing hours of August 14, 2025.

Corporate Governance Update

The Board of Directors also adopted and approved the company's 'Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons' and 'Code of Practices and Procedures for Fair Disclosures of Unpublished Price Sensitive Information'. These measures aim to enhance corporate governance practices within the organization.

Visagar Financial Services Limited continues to navigate challenging market conditions, as evidenced by the reduced loss compared to the previous year. The appointment of a new director and the implementation of updated governance codes signal the company's efforts to strengthen its management and compliance framework.

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