Vivid Mercantile Limited announced key strategic decisions following its board meeting held on February 16, 2026, including a significant increase in authorized share capital and the appointment of a new internal auditor to strengthen its corporate governance framework.

Authorized Share Capital Enhancement

The board approved a substantial increase in the company's authorized share capital, expanding its financial capacity for future growth initiatives. The enhancement represents a strategic move to provide greater flexibility for potential fundraising activities.

The capital restructuring requires amendment to Clause V of the company's Memorandum of Association and is subject to shareholder approval through a postal ballot process.

Postal Ballot Process Initiated

To facilitate shareholder approval for the capital increase, the board approved the draft postal ballot notice. The company has appointed M/s Neelam Somani & Associates, a practicing company secretary firm, as the scrutinizer for the postal ballot process. This appointment ensures transparent and compliant conduct of the shareholder voting process in accordance with regulatory requirements.

Internal Auditor Appointment

The board appointed Mr. Dhaval Satishkumar Gajjar as the company's internal auditor for a three-year term, following recommendations from the audit committee. The appointment strengthens the company's internal control and governance mechanisms.

Mr. Gajjar brings industry knowledge and strategic expertise to the role, being part of the promoter group with deep understanding of the company's operations.

Meeting Details and Compliance

The board meeting commenced at 2:00 PM and concluded at 3:50 PM on February 16, 2026, at the company's registered office in Ahmedabad, Gujarat. All decisions were made in compliance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, and relevant SEBI circulars issued in 2023 and 2024.

The company has fulfilled its disclosure obligations by informing BSE Limited about these material developments, ensuring transparency for stakeholders and market participants.

Vivid Mercantile Limited has resubmitted its unaudited financial results for the quarter ended December 31, 2025, after identifying inadvertent errors in the previously submitted results. The company communicated this revision to BSE Limited on February 4, 2026, under Regulation 33 of the SEBI Listing Regulations.

Revision Details and Compliance

The company formally notified the stock exchange about the need to correct errors in its Q3 FY26 results through an official communication to BSE Limited. The revised financial statements maintain compliance with Indian Accounting Standard 34 and Regulation 33 of the SEBI Listing Regulations. The correction was signed by Satishkumar Ramanlal Gajjar, Managing Director (DIN: 05254111), and digitally authenticated on February 4, 2026.

Revised Financial Performance

The corrected financial results show the company's performance for the quarter ended December 31, 2025. The revised figures present a comprehensive view of the company's operational and financial metrics across different reporting periods.

Nine-Month and Comparative Performance

The revised results also include nine-month figures ending December 31, 2025, showing total income of ₹3,332.04 lakhs and net profit of ₹934.45 lakhs. The company's earnings per share for the nine-month period stood at ₹0.93 compared to ₹0.13 in the corresponding previous period.

Expense Structure and Profitability

The revised results detail the company's expense structure, with total expenses of ₹2,224.35 lakhs for Q3 FY26. Major expense components include purchase of stock-in-trade at ₹533.80 lakhs, changes in inventories at ₹988.51 lakhs, and other expenses totaling ₹695.25 lakhs. Employee benefit expenses were ₹7.22 lakhs for the quarter.

Audit and Governance

Shah Karia & Associates, Chartered Accountants, conducted the limited review of the revised financial results. The auditors confirmed that the financial statements, prepared in accordance with Indian Accounting Standards, are free from material misstatements. The results were reviewed by the Audit Committee and approved by the Board of Directors on February 4, 2026. The company maintains a paid-up equity share capital of ₹1,002.56 lakhs with a par value of ₹1 per share.