Vivid Mercantile's Statutory Auditor AKGVG & Associates Resigns Due to Firm Demerger
Vivid Mercantile announced the resignation of its statutory auditor, M/S AKGVG & Associates, effective August 12, 2025. The resignation is due to a demerger within the auditing firm and the retirement of a key partner. AKGVG & Associates was appointed on February 26, 2025, and their last report was a Limited Review Report for Q1 FY2026. The company has complied with SEBI regulations in disclosing this event. Despite a 82.63% decrease in total income, Vivid Mercantile reported a 200.74% increase in net profit after tax for Q1 FY2026 compared to Q1 FY2025.
Vivid Mercantile Limited's Q1 results show a complex financial picture. Revenue fell 82.20% to ₹169.24 crore, but net profit surged 200.70% to ₹121.35 crore. Total expenses decreased by 96.80% to ₹29.89 crore. Purchase of stock-in-trade dropped 72.10%, while employee benefit expenses and other expenses increased. The company's earnings per share stood at ₹0.12.
05Aug 25
Vivid Mercantile Reschedules Board Meeting to August 11 for Q1 FY2026 Results
Vivid Mercantile Limited has rescheduled its Board of Directors meeting to August 11, 2025, from the original date of July 29, 2025. The meeting will focus on reviewing and approving the unaudited financial results for Q1 FY2026, ending June 30, 2025. The company's trading window for securities has been closed since July 1, 2025, and will remain so until 48 hours after the announcement of the quarterly results.