Vruddhi Engineering Works Limited , a provider of mechanical splicing solutions and rebar couplers to the real estate and construction industries, has announced its financial results for the half year ended September 30, 2025.

Financial Highlights

The company reported a net profit of 106.27 lakh for the first half of the fiscal year 2025-26, with revenue from operations standing at 1,340.47 lakh.

Here's a breakdown of the key financial metrics:

Balance Sheet Overview

As of September 30, 2025, Vruddhi Engineering Works reported:

IPO Proceeds Utilization

The company disclosed that out of the total IPO proceeds of 476 lakh:

• 260 lakh has been utilized for working capital
• 205.88 lakh has been used for general corporate purposes and issue-related expenses
• 10.12 lakh remains unutilized and is held in an escrow account with Yes Bank

Business Focus

Vruddhi Engineering Works primarily offers mechanical splicing solutions to the real estate, construction, and infrastructure industries. The company specializes in designing, engineering, and supplying rebar couplers.

Auditor's Review

The financial results for the half year ended September 30, 2025, have been reviewed by the Audit Committee and approved by the Board of Directors. The Statutory Auditor has expressed an unqualified opinion on the financial results.

The company's performance reflects its position in the construction and infrastructure sector, with steady revenue generation and profit. The unutilized IPO proceeds indicate potential for future growth initiatives or capital investments.

Vruddhi Engineering Works Limited , formerly known as Vruddhi Steel Limited, has made several key appointments and announcements following a board meeting held on September 6, 2025. The company, listed under the scrip code 544157 on the BSE, has taken significant steps to strengthen its corporate governance and financial management.

New Appointments

The Board of Directors has approved the following appointments:

Secretarial Auditor

M/s Krushang Shah & Associates, Practicing Company Secretaries, has been appointed for a five-year term from FY 2025-26 to FY 2029-30, subject to member approval. Mr. Krushang Shah brings over 9 years of experience in handling secretarial and legal matters for listed entities.

Internal Auditor

M/s Harsh P Chheda & Co., Chartered Accountants, has been appointed for FY 2025-26. Mr. Harsh Chheda, a member of ICAI since 2012, specializes in Income Tax, GST, and allied matters.

CFO and Whole-time Director

Mr. Vedant Mehta has been designated as the Chief Financial Officer (CFO) and whole-time Director of the company. Mr. Mehta holds a bachelor's degree in electronic engineering from the University of Mumbai and a post-graduate diploma in rural management from the Institute of Rural Management Anand. He brings over 3 years of experience in the steel industry to his new role.

Annual General Meeting and Directors' Report

The Board has set the date for the Annual General Meeting (AGM) for September 30, 2025. Additionally, they have approved the draft Directors' Report for the financial year ended March 31, 2025.

Board Meeting Details

The board meeting commenced at 6:00 PM and concluded at 7:00 PM on September 6, 2025. The decisions were disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

These appointments and decisions reflect Vruddhi Engineering Works Limited's commitment to maintaining strong corporate governance practices and enhancing its financial management capabilities. The diverse experience of the newly appointed professionals is expected to contribute to the company's growth and compliance efforts in the coming years.