VMS Industries Limited, a company engaged in green ship recycling, announced its unaudited standalone financial results for the third quarter and nine months ended December 31, 2025. The Board of Directors approved these results during their meeting held on February 13, 2026.

Financial Performance Overview

The company's financial performance for Q3FY26 showed a decline compared to the corresponding quarter of the previous year. Revenue from operations decreased significantly, while profitability also faced pressure during the reporting period.

Nine-Month Performance Analysis

The nine-month performance also reflected challenging business conditions, with significant declines across key financial parameters compared to the previous year.

Expense Structure and Profitability

The company's expense management during Q3FY26 showed mixed results. Total expenses for the quarter amounted to ₹2,664.57 lakhs compared to ₹3,385.04 lakhs in Q3FY25. Key expense components included:

• Cost of Materials Consumed: ₹161.05 lakhs (Q3FY26) vs ₹858.29 lakhs (Q3FY25)
• Purchase of Stock in Trade: ₹2,056.19 lakhs vs ₹3,813.66 lakhs
• Employee Benefits Expenses: ₹57.32 lakhs vs ₹105.81 lakhs
• Finance Costs: ₹145.67 lakhs vs negative ₹4.54 lakhs

Balance Sheet Position

The company maintained a stable capital structure with paid-up equity share capital remaining constant at ₹2,447.34 lakhs. Reserves and other equity stood at ₹7,252.20 lakhs as of December 31, 2025, compared to ₹6,749.97 lakhs in the corresponding period of the previous year.

Regulatory Compliance and Governance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The company received no complaints from shareholders during the quarter ended December 31, 2025. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) and comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. S N Shah & Associates, Chartered Accountants, issued the Limited Review Report for these unaudited financial results.

VMS Industries Limited , a company listed on the Bombay Stock Exchange (BSE), has reported a significant change in its promoter shareholding structure. Managing Director Manoj Kumar Jain, a key promoter of the company, has released 5,00,000 equity shares from encumbrance with Bank of Baroda.

Key Details of the Transaction

Impact on Promoter Group Shareholding

The release of these shares has led to a reduction in the total number of encumbered shares held by the promoter group. Here's a breakdown of the changes:

Following this release, the total promoter group encumbered shares have decreased to 44,42,017 shares, representing 18.15% of the total share capital.

This release of shares from encumbrance could be seen as a change in the promoter's shareholding structure. Investors should consider the overall financial performance and market conditions when interpreting such corporate actions.

It's advisable for investors to conduct thorough research and consider seeking professional financial advice before making investment decisions based on corporate actions or financial data.