Valecha Engineering Limited has announced the Board of Directors' approval for incorporating a subsidiary company in partnership with Univastu India Limited, following their board meeting conducted on January 13, 2026. The decision represents a strategic expansion move for the engineering company through a joint venture structure.

Board Meeting Details and Approval

The Board of Directors convened at the company's registered office located at Valecha Chambers, 4th Floor, New Link Road, Andheri (West), Mumbai – 400 053. The meeting commenced at 4:00 PM and concluded at 5:20 PM on Tuesday, January 13, 2026.

Partnership Structure and Shareholding

The board has approved a joint venture arrangement with Univastu India Limited (CIN: L45100PN2009PLC133864). The partnership structure establishes a clear majority-minority shareholding pattern with defined governance arrangements.

The subsidiary company will operate under a common directorship structure, ensuring coordinated management between both parent entities. This arrangement facilitates strategic alignment and operational synergy between Valecha Engineering Limited and Univastu India Limited.

Regulatory Compliance and Next Steps

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made pursuant to the company's earlier communication dated January 6, 2026, indicating prior planning and preparation for this strategic initiative.

Valecha Engineering Limited has committed to providing comprehensive details about the proposed subsidiary company to stock exchanges upon formal incorporation. This includes the finalized company name and other relevant operational and financial particulars that will be determined during the incorporation process.

Strategic Implications

The joint venture represents Valecha Engineering Limited's expansion strategy through strategic partnerships. By maintaining majority control with a 51% stake, the company ensures decision-making authority while benefiting from Univastu India Limited's expertise and resources. The common directorship structure is designed to facilitate seamless coordination and strategic alignment between both entities in the subsidiary's operations.

G G Engineering Limited announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating a strong operational turnaround with significant improvement in profitability despite revenue challenges.

Financial Performance Overview

The company reported a remarkable transformation in its bottom line performance for Q3FY26. Net profit reached ₹404.40 lakhs compared to a loss of ₹137.24 lakhs in the corresponding quarter of the previous year, representing a substantial turnaround of over ₹541 lakhs.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company maintained strong performance with net profit of ₹580.85 lakhs compared to ₹786.64 lakhs in the corresponding period of the previous year. Revenue from operations increased marginally to ₹13,791.86 lakhs from ₹13,245.10 lakhs, showing resilient business operations.

Segment-wise Business Performance

The company operates through three distinct business segments, each contributing differently to overall performance. The Trading Division-Infrastructure generated revenue of ₹2,428.34 lakhs in Q3FY26, while the Dealing in Shares/Securities segment contributed ₹406.73 lakhs. The securities trading segment showed particularly strong performance, contributing significantly to the quarter's profitability.

Operational Efficiency and Cost Management

The company demonstrated improved cost management during the quarter. Total expenses decreased to ₹2,490.68 lakhs from ₹3,642.23 lakhs in Q3FY25, primarily driven by reduced purchases of stock-in-trade and better expense control. Employee benefit expenses remained stable at ₹9.63 lakhs, while finance costs decreased to ₹2.81 lakhs from ₹3.60 lakhs year-on-year.

Investment and Fair Value Adjustments

The company's results include remeasurement gains and losses on investments. For Q3FY26, remeasurement gains contributed ₹351.72 lakhs to profit before tax. Excluding these adjustments, the core business profit was ₹122.15 lakhs compared to a loss of ₹68.84 lakhs in Q3FY25, indicating improved underlying business performance.

Corporate Governance and Compliance

The Board of Directors approved these unaudited financial results in their meeting held on January 9, 2026. The results have been reviewed by the Audit Committee and subjected to limited review by statutory auditors A K Bhargav & Co., Chartered Accountants. The company reported zero investor complaints during the quarter, maintaining strong stakeholder relations.