Vedavaag Systems Completes SEBI Regulatory Filing for Promoter Share Transfer

Vedavaag Systems Limited has completed comprehensive regulatory filings with SEBI following the inter-se promoter share transfer executed in December 2025. The company has fulfilled all mandatory disclosure requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, including the final regulatory report and fee payment.

Share Transfer Transaction Details

J Sujatha (Sujata Jonnavittula), a promoter of Vedavaag Systems Limited, acquired 25.85 lakh equity shares from her spouse J S R Durga Prasad through an off-market inter-se transfer mechanism. The transaction was executed as a gift transfer across two dates in December 2025.

Transfer Parameter	Details
Total Shares Transferred	25,84,960 equity shares
Voting Rights	11.02% of total voting rights
Transfer Method	Off-market inter-se transfer by way of gift
Transfer Dates	December 05, 2025 and December 09, 2025
Transferor	J S R Durga Prasad (spouse)
Transferee	J Sujatha (promoter)

Shareholding Changes

The inter-se transfer resulted in significant changes to the promoter shareholding pattern within the family group. J Sujatha's shareholding increased substantially while her spouse's holding decreased proportionally.

Stakeholder	Pre-Transaction Shares	Pre-Transaction %	Post-Transaction Shares	Post-Transaction %
J Sujatha	65,607	0.28%	26,50,567	11.30%
J S R Durga Prasad	35,84,960	15.28%	10,00,000	4.26%

SEBI Regulatory Compliance

Vedavaag Systems has completed all three phases of SEBI regulatory compliance for the promoter share transfer. The company filed the final Regulation 10(7) report with SEBI and paid the mandatory regulatory fees.

Compliance Phase	Filing Date	Status
Regulation 10(5) - Pre-acquisition Notice	November 27, 2025	Completed
Regulation 10(6) - Post-acquisition Report	December 11, 2025	Completed
Regulation 10(7) - SEBI Final Report	January 02, 2026	Completed
SEBI Fee Payment	January 02, 2026	₹1,77,000 paid

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.61%	-7.02%	-6.39%	-31.50%	-56.99%	-19.91%

Standalone Performance

Vedavaag Systems reported standalone revenue of Rs. 1,896.93 lakhs for Q2 FY2026, marking a significant decrease from Rs. 2,563.75 lakhs in Q1 FY2026. Despite the revenue drop, the company managed to maintain profitability, with profit after tax (PAT) reaching Rs. 110.72 lakhs, compared to Rs. 161.21 lakhs in the previous quarter.

Consolidated Results

On a consolidated basis, the company's performance reflected a similar trend:

Metric	Q2 FY2026	Q1 FY2026	Change
Revenue	2,162.23	3,110.91	-30.5%
PAT	121.95	215.49	-43.4%

All figures in Rs. lakhs

The consolidated revenue decreased by 30.5% quarter-on-quarter, while consolidated profit after tax saw a 43.4% decline.

Half-Year Performance

For the first half of FY2026, Vedavaag Systems reported:

Metric	H1 FY2026	H1 FY2025	Change
Consolidated Revenue	5,273.13	4,733.15	+11.4%
Consolidated PAT	337.44	476.84	-29.2%

All figures in Rs. lakhs

Despite the quarter-on-quarter decline, the company has shown year-on-year growth in revenue for the first half, although profitability has decreased compared to the same period last year.

Segment Performance

Vedavaag Systems operates primarily in two segments:

IT and ITES (including Financial Inclusion)
System Integration (Smart Solar Lighting System)

The IT and ITES segment contributed Rs. 2,162.23 lakhs to the revenue in Q2 FY2026, while the System Integration segment did not report any revenue for the quarter.

Balance Sheet Highlights

As of September 30, 2025, the company reported:

Metric	Consolidated (Rs. lakhs)
Total Assets	18,856.57
Total Equity	15,146.03
Total Liabilities	3,710.53

Cash Flow and Liquidity

The consolidated cash flow statement shows:

Net cash flow from operating activities: Rs. 67.60 lakhs
Net cash used in investing activities: Rs. (0.88) lakhs
Net cash used in financing activities: Rs. (103.20) lakhs

The company's cash and cash equivalents stood at Rs. 457.58 lakhs at the end of the period.

Conclusion

While the financial results show a decline in revenue and profitability compared to the previous quarter, Vedavaag Systems has maintained profitability despite the revenue drop, suggesting effective cost management. However, sustained growth in both top and bottom lines will be crucial for long-term value creation.

Investors and analysts may look for further clarification from the management regarding the reasons for the revenue decline and strategies to improve performance in the upcoming quarters.