Vinny Overseas Reports Theft at Wind Mill Facility in Gujarat

Vinny Overseas Limited has disclosed a theft incident at its wind mill facility in Kutch, Gujarat. The company reported the incident to stock exchanges in compliance with SEBI regulations.

Incident Details

The theft occurred at the company's wind mill facility located in Village Jungi, Ta: Bhachau, Gandhidham, Kutch, Gujarat. The incident involved the theft of copper cables and equipment.

Financial Impact

Parameter	Value
Estimated Value of Stolen Items	₹18.52 lakhs
Potential Restoration Costs	₹1.50 crores

Stolen Items

The theft primarily involved copper cables and other equipment from the wind mill facility. The exact details of all stolen items were not specified in the disclosure.

Company Response

Vinny Overseas Limited has taken immediate action following the theft incident. The company has likely filed a police report and is working with authorities to investigate the matter.

Operational Impact

While the company faces significant restoration costs, the disclosure did not mention any immediate impact on day-to-day operations.

Regulatory Compliance

The disclosure was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vinny Overseas Limited may provide further updates as the investigation progresses.

Vinny Overseas Limited, known for manufacturing rayon-cotton-polyester fashion wear fabrics, continues to monitor the situation while cooperating with law enforcement agencies on the investigation.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.76%	+6.56%	-2.26%	-5.80%	-33.67%	+22.64%

Vinny Overseas , a textile manufacturer specializing in rayon, cotton, and polyester fashion wear fabrics, has released its unaudited financial results for the first quarter. The company's Board of Directors approved these results along with several other key corporate matters during a meeting held on August 14.

Financial Performance

For the quarter, Vinny Overseas reported:

Particulars	Amount (Rs. in Lakhs)
Revenue from Operations	754.24
Other Income	77.50
Total Income	2,619.74
Profit Before Tax	34.92
Profit After Tax	28.65

The company's revenue from operations stood at Rs. 754.24 lakhs, while the total income, including other income of Rs. 77.50 lakhs, amounted to Rs. 2,619.74 lakhs. Vinny Overseas achieved a profit before tax of Rs. 34.92 lakhs and a net profit of Rs. 28.65 lakhs for the quarter.

Key Corporate Decisions

Annual General Meeting: The Board has scheduled the 33rd Annual General Meeting (AGM) for September 30, to be held via video conferencing.
Director Reappointment: The Board has recommended the reappointment of Mrs. Vandani Sumanth Chowdhary as a director, subject to shareholder approval at the upcoming AGM.
E-voting Cut-off Date: For the purpose of remote e-voting and e-voting during the AGM, the cut-off date has been set as September 23.
Internal Audit and Annual Report: The Board approved the internal audit report for the quarter as well as the annual report for the financial year ended March 31.

Additional Information

The company's unaudited financial results have undergone a limited review by the statutory auditors, Kishan M. Mehta & Co., Chartered Accountants. The review report indicates no qualifications or modifications to the financial statements.

Vinny Overseas, recognized as a One Star Export House by the Government of India, continues to operate in the textile sector, focusing on the manufacturing of rayon, cotton, and polyester fashion wear fabrics.

The Board meeting, which commenced at 02:30 PM and concluded at 03:40 PM, addressed various compliance matters for the quarter, ensuring adherence to regulatory requirements.

Investors and stakeholders can access the detailed financial results on the company's website at www.vinnyoverseas.in .