Heads Up Ventures Limited announced significant board changes with the appointment of two Additional Executive Non Independent Directors at its board meeting held on February 23, 2026. The company informed stock exchanges about these strategic appointments under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement Regulations, 2015).

Board Appointments

The board of directors approved two key appointments based on the recommendation of the Nomination and Remuneration Committee:

Director Profiles

Mr. Ayush Patel

Mr. Ayush Patel brings youthful dynamism and entrepreneurial vision to the board. Key highlights of his profile include:

• Completed graduation in 2022 from Gujarat University
• Born on May 30, 2003, representing new generation business leadership
• Actively involved in planning, business development, and strategic decision-making
• Possesses strong academic background with business-oriented mindset
• Contributes towards company growth and expansion initiatives

Ms. Vaishali Patel

Ms. Vaishali Patel brings practical business experience and operational expertise to the organization:

• Experienced businesswoman with leadership capabilities
• Born on May 16, 1988, bringing maturity and stability to operations
• Actively engaged in managing and supervising business operations
• Plays important role in administrative and financial oversight
• Associated with business activities contributing to smooth functioning and long-term development

Regulatory Compliance

The company confirmed that both appointees have provided necessary confirmations regarding their eligibility:

• Neither director is related to any existing directors of the company
• Both are not debarred from holding office by any SEBI order or other regulatory authority
• All required information under Regulation 30 has been provided to stock exchanges

The appointments reflect the company's commitment to strengthening its board composition with experienced professionals who can contribute to strategic growth and operational excellence.

Heads up ventures Limited has announced its unaudited financial results for the quarter ended December 31, 2025, revealing a challenging third quarter performance despite maintaining strong nine-month profitability. The Board of Directors approved these results on February 14, 2026, following a meeting that commenced at 4:30 PM and concluded at 5:10 PM.

Quarterly Performance Analysis

The company reported a net loss of ₹60.93 lakhs for Q3 FY26, marking a significant decline from the previous quarter's profit of ₹78.21 lakhs and the corresponding quarter's profit of ₹25.79 lakhs in the previous year. The quarterly performance was particularly impacted by zero revenue from operations and elevated other expenses.

Nine-Month Performance Highlights

Despite the quarterly challenges, Heads Up Ventures demonstrated robust nine-month performance with significant year-over-year growth. The company achieved a net profit of ₹308.70 lakhs for the nine months ended December 31, 2025, representing a substantial increase from ₹29.29 lakhs in the corresponding period of the previous year.

Expense Structure and Cost Management

The quarterly results revealed a significant shift in the company's expense structure. Other expenses increased substantially to ₹57.65 lakhs in Q3 FY26 from just ₹0.02 lakhs in the previous quarter. Employee benefit expenses remained relatively stable at ₹3.28 lakhs compared to ₹4.08 lakhs in Q2 FY26.

For the nine-month period, purchase of stock-in-trade constituted the largest expense component at ₹1178.73 lakhs, while other expenses totaled ₹95.65 lakhs. The company maintained disciplined cost management with total expenses of ₹1288.51 lakhs against total income of ₹1623.63 lakhs.

Capital Structure and Share Information

Heads Up Ventures maintained its capital structure with a paid-up equity share capital of ₹2208.26 lakhs and face value of ₹10.00 per share throughout the reporting periods. The company operates in the trading segment as its primary business activity, in accordance with Indian Accounting Standards (Ind-AS-108).

Regulatory Compliance and Audit Status

The unaudited financial results were prepared in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shweta Jain & Co LLP, the statutory auditors, conducted a limited review of both standalone and consolidated financial results. The results were reviewed by the Audit Committee and approved by the Board of Directors on February 14, 2026.