Latest news about Veritas
Veritas
158.30
+3.00(+1.93%)
Company Performance:
View Company Insights1D+1.93%
1M-9.57%
6M-17.72%
1Y-58.34%
5Y+74.34%
More news about Veritas
14Mar 26
Veritas (India) Limited Publishes Postal Ballot Notice for Director Appointment
Veritas (India) Limited has published its postal ballot notice in newspapers and filed the publication details with BSE Limited on March 14, 2026. The company seeks shareholder approval for appointing Mr. Jayaramakrishnan Kannan as Non-Executive Independent Director through exclusive e-voting from March 15 to April 13, 2026, with results expected by April 15, 2026.
05Feb 26
Veritas India Board Meeting: Key Appointments and Resignations Approved
Veritas India Limited conducted a Board meeting on February 05, 2026, approving significant organizational changes including the appointment of experienced IT industry veteran Mr. Jayaramakrishnan Kannan as Independent Director and Chartered Accountant Mr. Narendra Vala as Chief Financial Officer, while accepting the resignation of Mr. Vijay Shah from his Independent Director position.
07Jan 26
Veritas India Declares Postal Ballot Results: $130M Asset Sale Approved
Veritas India officially declared postal ballot results showing strong shareholder support for a $130 million asset sale of material subsidiary Verasco FZE (88.27% approval) and near-unanimous approval (99.96%) for Mr. Sunil Sehgal's appointment as Non-Executive Director, with 63.95% of total shares participating in the remote e-voting process.
17Nov 25
Veritas (India) Limited CFO Rakesh Bharucha Steps Down, Effective November 17, 2025
Rakesh Bharucha, CFO of Veritas (India) Limited, has resigned effective November 17, 2025, to pursue other professional and personal interests. The company, based in Mumbai, disclosed this information in a regulatory filing to the BSE Limited. Bharucha expressed gratitude for his tenure, and the company has begun the process of finding a suitable replacement. The resignation was announced under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
14Nov 25
Veritas Q2 Results: Net Profit Plummets Despite Revenue Growth
Veritas released Q2 financial results showing contrasting performance. Revenue grew 9.29% YoY to ₹10.00 billion, but net profit fell 98.37% to ₹6.00 million. EBITDA decreased 67.57% to ₹156.00 million, with EBITDA margin contracting from 5.26% to 1.55%. The results indicate significant profitability challenges despite top-line growth.
16Sept 25
Veritas Finance Achieves Unicorn Status with $1 Billion Valuation
Veritas Finance, a Chennai-based NBFC, has reached unicorn status with a $1 billion valuation. The company, founded in 2015, specializes in MSME lending and has shown significant growth with a loan book of ₹7,349.00 crore and AUM of ₹6,517.00 crores. Veritas Finance reported total revenue of ₹1,557.40 crore and profit after tax of ₹292.19 crore. Operating 494 branches across 11 states, the company has raised over ₹1,835.00 crore in equity funding. Veritas Finance has filed for an IPO worth ₹2,800.00 crore, signaling further growth ambitions.
02Jun 25
Fire at Adjacent Terminal Impacts Veritas (India) Subsidiaries in UAE
A fire originating from an adjacent terminal spread to the office premises of Veritas (India) Limited's subsidiaries in the UAE. The blaze was successfully controlled, and no casualties were reported. The full extent of damage to the subsidiary offices and potential operational disruptions are yet to be disclosed.
29May 25
Veritas Q4 Results: EBITDA Declines, Net Loss Narrows
Veritas (India) Limited's Q4 financial results show a 36.07% year-over-year revenue decline to ₹7,000.00 million. EBITDA decreased by 47.84% to ₹264.00 million, with EBITDA margin contracting by 85 basis points to 3.77%. Despite these challenges, the company's net loss narrowed significantly to ₹11.00 million, a 95.47% improvement year-over-year and 96.32% quarter-over-quarter.
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