Vuenow Infratech Limited has announced its financial results for the first quarter, revealing a mixed performance marked by improved profitability but a significant year-on-year revenue decline. The company also disclosed several strategic corporate actions aimed at expanding its business scope and financial capabilities.

Financial Performance

For Q1, VueNow Infratech reported:

Despite the sharp decline in revenue, the company managed to improve its profitability compared to the previous quarter. The profit before tax stood at ₹137.60 lakhs, while profit after tax reached ₹101.62 lakhs. This improvement in profitability can be attributed to significant cost optimization, with substantially reduced operating expenses and no exceptional items reported for the quarter.

Strategic Corporate Actions

The Board of Directors of VueNow Infratech Limited approved several key decisions during their meeting on August 22, 2025:

1. Alteration of Memorandum of Association

The company plans to expand its business scope by adding new objects to its Memorandum of Association. These additions include investing in and dealing with various assets, securities, and real estate properties, as well as engaging in investment and holding company activities.

2. Appointment of Auditors

• M/s. Ankit Singhal & Associates appointed as Secretarial Auditors for FY 2025-2026.
• M/s NYS & Company appointed as Statutory Auditors for a five-year term.
• M/s VAPS & Co. appointed as Internal Auditors for FY 2025-2026.

3. Increase in Financial Limits

Subject to shareholder approval, the company plans to:

• Raise its borrowing capacity to ₹500 crores.
• Increase investment limits to ₹500 crores.
• Authorize the creation of charges on company assets up to ₹500 crores.

4. Annual General Meeting

The 31st AGM is scheduled for September 29, 2025, to be held through video conferencing or other audio-visual means.

Management Commentary

Rahul Anandrao Bhargav, Managing Director & CFO of VueNow Infratech Limited, signed off on the financial results and corporate actions. While specific management comments were not provided, the strategic decisions indicate the company's intent to diversify its business activities and strengthen its financial position.

The significant expansion in borrowing and investment limits suggests that VueNow Infratech may be preparing for substantial growth or diversification initiatives in the near future. However, the company will need to address the sharp decline in revenue to ensure long-term sustainability and growth.

Investors and stakeholders will likely be watching closely to see how these strategic decisions translate into business performance in the coming quarters, particularly in light of the revenue challenges faced in Q1.

Vuenow Infratech Limited has announced the postponement of its Board Meeting, originally scheduled for August 14, 2025, to August 19, 2025. The delay comes in the wake of search operations conducted by the Enforcement Directorate at the company's registered office in Jalandhar, Punjab.

Rescheduled Board Meeting

The rescheduled meeting, now set for August 19, 2025, will primarily focus on:

1. Considering, approving, and taking on record the Unaudited Standalone Financial Results of the Company for the quarter ended June 30, 2025.
2. Discussing and considering any other matters as decided by the Board of Directors.

Regulatory Compliance Challenges

Due to the ongoing search operations, Vuenow Infratech was unable to inform the stock exchange about the postponement within the prescribed timelines. The company has acknowledged this delay in its latest communication to the BSE, stating that the circumstances were unavoidable.

Trading Window Status

In line with the Company's Code of Conduct for Regulating, Monitoring, and Reporting of Trading by Designated Persons and their Immediate Relatives, the trading window for the company's securities has been closed since July 1, 2025. It is set to reopen 48 hours after the declaration of the financial results.

Management Statement

Rahul Anandrao Bhargav, Managing Director & CFO of Vuenow Infratech Limited, signed the official communication to the BSE, confirming the details of the postponement and the rescheduled meeting.

Company Details

Vuenow Infratech Limited, with the Corporate Identification Number (CIN) L62099MH1993PLC074167, has its registered office at Z1-3092, Akshar Business Park, Sector 25, Vashi, Navi Mumbai, Sanpada, Thane, Maharashtra-400703.

The incident highlights the potential impact of regulatory actions on corporate governance processes and the importance of timely communication with stakeholders, even in challenging circumstances.