Vandan Foods Limited has announced the issuance of a corporate guarantee for a working capital facility being availed by Pharmearth Private Limited. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Guarantee Details

Vandan Foods Limited has provided a corporate guarantee to Bank of India for Pharmearth Private Limited's working capital facility. The key parameters of this arrangement are presented below:

Shareholding Connection

Pharmearth Private Limited has a minor connection with Vandan Foods Limited through its directors and shareholders. Mr. Rajul Gajjar and Mr. Sanjay Chauhan, who are directors and shareholders of Pharmearth Private Limited, hold equity shares in Vandan Foods Limited.

Regulatory Compliance and Impact

Vandan Foods Limited emphasized that the corporate guarantee has been provided in compliance with applicable regulatory frameworks. The company clarified that Pharmearth Private Limited is neither a related party of the company nor part of the Promoter or Promoter Group. The promoter and promoter group do not have any interest in this transaction.

The corporate guarantee represents a contingent liability for Vandan Foods Limited. According to the company's disclosure, there is no immediate impact of this guarantee on the company at this point. The arrangement was structured on an arm's length basis, ensuring compliance with the applicable provisions of the Companies Act, 2013 and the SEBI Listing Regulations.

Disclosure Requirements

The announcement was made in accordance with Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/015 dated November 11, 2024. The disclosure provides transparency regarding the company's contingent liabilities and ensures compliance with regulatory requirements for listed entities.

Vandan Foods Limited has announced its unaudited financial results for the half-year ended September 30, 2025, showcasing growth in both profitability and assets.

Financial Highlights

The company reported a profit before tax of Rs 2.47 lakh for the period. This figure indicates the company's ability to generate earnings from its operations before accounting for income tax expenses.

One of the most notable aspects of the financial results is the significant increase in the company's total assets. Vandan Foods saw its total assets rise to Rs 10,924.24 lakh, up from Rs 4,883.18 lakh in the previous comparable period. This substantial growth of over 123% in total assets suggests a considerable expansion in the company's resource base.

The company's share capital also saw an increase, rising to Rs 838.48 lakh from Rs 574.48 lakh. This rise in share capital indicates that the company may have issued additional shares.

IPO Fund Utilization

According to the Statement of Deviation or Variation submitted by the company, Vandan Foods has utilized the majority of funds raised from its Initial Public Offering (IPO). The company raised a total of Rs 30.36 crore through the IPO, which was allocated for various purposes:

The company has utilized Rs 29.88 crore of the total funds raised, with a balance of Rs 0.48 crore remaining unutilized as of September 30, 2025.

Management Commentary

Jitendra Rameshbhai Patel, Managing Director of Vandan Foods Limited, signed off on the financial results, indicating the board's approval of the reported figures.

Auditor's Review

Piyush Kothari & Associates, Chartered Accountants, conducted a limited review of the unaudited financial results. The auditors stated that based on their review, nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

The financial results and fund utilization report demonstrate Vandan Foods Limited's commitment to transparency and compliance with regulatory requirements.