VSD Confin Limited Reports Net Loss, Announces AGM and Key Appointments
VSD Confin Limited reported a net loss of Rs 14.34 lacs for the fiscal year 2021, with total revenue dropping to Rs 0.03 lacs. Despite the loss, the company maintained total assets of Rs 1,778.09 lacs. The company announced its 42nd AGM for September 30, 2025, and appointed Ms. Payal Bafna as Secretarial Auditor for a five-year term. M/s Saurabh Srivastava & Associates will serve as the Scrutinizer for e-voting at the AGM. September 23, 2025, was set as the Record Date for dividend eligibility and voting rights for the AGM.
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VSD Confin Limited , a company operating in a single business segment, has reported its financial results for the year ended March 31, 2021, alongside announcements of its upcoming Annual General Meeting (AGM) and new appointments.
Financial Performance
VSD Confin Limited faced challenging financial conditions in the fiscal year 2021:
- The company reported a net loss of Rs 14.34 lacs, a significant downturn from the profit of Rs 25.33 lacs in the previous year.
- Total revenue decreased substantially to Rs 0.03 lacs from Rs 22.90 lacs in the prior year.
- Employee benefits expenses stood at Rs 7.44 lacs.
- Other expenses totaled Rs 10.48 lacs.
Balance Sheet Highlights
Despite the loss, the company maintained a substantial asset base:
| Item | Amount (Rs lacs) |
|---|---|
| Total assets | 1,778.09 |
| Equity share capital | 1,546.30 |
| Cash and cash equivalents | 89.60 |
Cash and cash equivalents increased from Rs 54.39 lacs in the previous year.
The company's auditors issued an unmodified opinion on the financial statements, indicating that the financial reports fairly represent the company's financial position.
Business Operations
VSD Confin Limited operates in a single business segment and has provided advances to other companies for land procurement purposes. This strategy suggests the company's focus on real estate-related activities.
Corporate Governance and Future Plans
In a recent board meeting held on September 5, 2025, VSD Confin Limited made several important decisions:
Annual General Meeting
The 42nd AGM is scheduled for September 30, 2025, at 9:30 A.M.
Key Appointments
- Ms. Payal Bafna of M/s P B & Associates has been appointed as the Secretarial Auditor for a five-year term (2025-26 to 2029-30).
- M/s Saurabh Srivastava & Associates will serve as the Scrutinizer for the e-voting process at the upcoming AGM.
Important Dates
- September 23, 2025, has been set as the "Record Date" for determining dividend eligibility for the financial year 2024-25.
- The same date will serve as the "Cut-off Date" for determining voting eligibility for the AGM resolutions.
These corporate actions indicate that VSD Confin Limited is taking steps to maintain transparency and adhere to regulatory requirements despite the financial challenges faced in the reported fiscal year.
The company's focus on land procurement-related activities and the maintenance of a strong asset base suggest potential for future development projects. However, the significant decrease in revenue and the reported loss highlight the need for strategic measures to improve financial performance in the coming years.
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