Vriddhi Engineering Works Limited announced the outcome of its Board of Directors meeting held on February 18, 2026, where key decisions were made regarding leadership continuity through director reappointments and scheduling of an Extraordinary General Meeting for shareholder approval.

Board Meeting Decisions

The Board of Directors, in their meeting held on February 18, 2026, approved the reappointment of three key directors for three-year terms. The meeting commenced at 4:30 P.M. and concluded at 5:00 P.M., addressing critical governance matters requiring shareholder approval.

Extraordinary General Meeting Schedule

The board approved the Notice of Extraordinary General Meeting to be held on March 12, 2026, at 11:00 a.m. at the company's registered office located at 1317, Hubtown Solaris, N.S Phadke Marg, Andheri East, Mumbai. The EGM will address three special business items, all requiring special resolutions for the director reappointments. The cut-off date for voting eligibility has been set as March 5, 2026.

Director Profiles and Experience

Mrs. Bindi Kunal Mehta has been associated with the company since its inception on October 27, 2020. She holds a Bachelor of Commerce degree from Mumbai University and a Diploma in Fashion Designing, bringing over 15 years of business industry experience. She currently holds 17,76,168 equity shares and received Rs. 17.20 lakhs in remuneration during the previous financial year. She was recognized as Iconic Iron Lady (Women Entrepreneur) 2023 by Mid-day on Women's Day.

Mr. Vedant Mukesh Mehta holds a Post Graduate Diploma in Business Management from IRMA and previously worked at ITC Limited in various capacities. He is responsible for supply chain, imports and operations of the company. He currently holds 5,000 equity shares and received Rs. 11.72 lakhs in the previous financial year.

Mrs. Varsha Mukesh Mehta joined the company on December 22, 2022, and holds a secondary school certificate. She currently holds 10,144 equity shares and received Rs. 14.47 lakhs in the previous financial year. All three directors are related to each other and have no relations with other company directors.

Remuneration Structure

Each reappointed director will receive remuneration not exceeding Rs. 50,00,000 per year, comprising Rs. 12,50,000 as basic salary and Rs. 37,50,000 as perquisites. The salary structure can be reviewed and revised by the Board within the limits prescribed under the Companies Act 2013 during their appointment term.

Financial Performance Overview

The company's financial performance demonstrates consistent growth trajectory:

Company Operations and Future Outlook

Vriddhi Engineering Works Limited, formerly known as Vriddhi Steel Limited, operates as a leading manufacturer, supplier and exporter of Rebar Couplers and various engineering products. The company is implementing value-added product development to enhance profitability, with expected productivity and profit increases of around 15% compared to the last financial year. Krushang Shah, Company Secretary, has been appointed as Scrutinizer for the voting process at the EGM.

Vruddhi Engineering Works Limited , a provider of mechanical splicing solutions and rebar couplers to the real estate and construction industries, has announced its financial results for the half year ended September 30, 2025.

Financial Highlights

The company reported a net profit of 106.27 lakh for the first half of the fiscal year 2025-26, with revenue from operations standing at 1,340.47 lakh.

Here's a breakdown of the key financial metrics:

Balance Sheet Overview

As of September 30, 2025, Vruddhi Engineering Works reported:

IPO Proceeds Utilization

The company disclosed that out of the total IPO proceeds of 476 lakh:

• 260 lakh has been utilized for working capital
• 205.88 lakh has been used for general corporate purposes and issue-related expenses
• 10.12 lakh remains unutilized and is held in an escrow account with Yes Bank

Business Focus

Vruddhi Engineering Works primarily offers mechanical splicing solutions to the real estate, construction, and infrastructure industries. The company specializes in designing, engineering, and supplying rebar couplers.

Auditor's Review

The financial results for the half year ended September 30, 2025, have been reviewed by the Audit Committee and approved by the Board of Directors. The Statutory Auditor has expressed an unqualified opinion on the financial results.

The company's performance reflects its position in the construction and infrastructure sector, with steady revenue generation and profit. The unutilized IPO proceeds indicate potential for future growth initiatives or capital investments.