VMV Holidays Promoter Vikram Bajaj Reduces Stake Through Open Market Sale

Growington Ventures (VMV Holidays Limited), a company listed on the Bombay Stock Exchange, has reported a change in its promoter shareholding. Vikram Bajaj, a promoter of the company, has reduced his stake through open market transactions.

Transaction Details

Aspect	Before Sale	After Sale
Shares Held	513,500	491,000
Shareholding Percentage	9.20%	8.80%
Shares Sold	-	22,500

The sale took place on November 25, 2020, through open market transactions. This move has resulted in a reduction of Vikram Bajaj's shareholding in the company from 9.20% to 8.80% of the total voting capital.

Company Overview

Growington Ventures has a total equity share capital of 5,578,500 shares, each with a face value of Rs. 10. The company's shares are listed on the Bombay Stock Exchange.

Impact

This transaction represents a minor change in the company's promoter holding structure. Investors and market watchers may want to monitor any further changes in shareholding patterns, as these can sometimes indicate shifts in company control or strategy.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-5.88%	-6.49%	-23.40%	-39.24%	-25.39%

Growington Ventures India Limited , a company specializing in fruit trading, has reported no deviation in the utilization of funds raised through its recent rights issue. The company successfully raised Rs 48.17 crore on June 23, 2025, by offering equity shares at Re 1 per share in a 3:1 ratio to existing shareholders.

Fund Allocation and Utilization

The funds raised were allocated for three primary purposes:

Augmenting working capital requirements: Rs 36.95 crore
General corporate purposes: Rs 10.47 crore
Issue-related expenses: Rs 0.75 crore

As of June 30, 2025, Growington Ventures has utilized Rs 9.33 crore across these categories, adhering strictly to the original objectives stated in the offer document. The company's Audit Committee has approved the rights issue after reviewing management representations and the company's financial position.

Transparency and Compliance

In line with regulatory requirements, Growington Ventures submitted a statement to the BSE Limited on July 25, 2025, confirming no deviation in fund utilization. This report, filed under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrates the company's commitment to transparency and regulatory compliance.

Financial Performance

The company also released its unaudited standalone financial results for the quarter ended June 30, 2025:

Particulars	Q1 FY2026 (Rs in lakhs)	Q1 FY2025 (Rs in lakhs)	YoY Change
Revenue from Operations	1,581.45	643.34	+145.8%
Total Income	1,599.11	661.64	+141.7%
Profit Before Tax	200.76	111.77	+79.6%
Profit After Tax	149.35	82.71	+80.6%

The company has shown significant year-over-year growth in both revenue and profitability for the first quarter of the fiscal year 2026.

Management Commentary

Mukesh Patwa, Whole Time Director of Growington Ventures India Limited, stated, "We are pleased to report that the funds raised through our rights issue are being utilized as per the objectives outlined in our offer document. This adherence to our stated goals reflects our commitment to responsible financial management and transparency."

The company's board of directors approved these financial results and the statement of fund utilization in a meeting held on July 25, 2025. With the successful completion of the rights issue and the strategic deployment of funds, Growington Ventures India Limited appears well-positioned for continued growth in the fruit trading sector.