V R Woodart Limited Announces CFO Transition and Q1 Financial Results
V R Woodart Limited (BSE: 523888) has appointed Mr. Sudesh Pingale as the new CFO, replacing Mr. Anwar Shaikh who will continue as Whole Time Director. The company reported a loss of ₹37.56 lacs for Q1 FY2026, with no revenue and increased expenses. The Board recommended re-appointment of Mr. Shaikh as Whole Time Director and Mr. Amit Sagar Kochar as Secretarial Auditor. The 35th AGM is scheduled for September 15, 2025. Despite eroded net worth, the company continues on a going concern basis, with plans for a preferential issue to address liabilities and working capital needs.
06Aug 25
V.R. Woodart Reports Q1 Loss, Announces Leadership Changes and AGM Date
V R Woodart Limited reported a loss of Rs. 1.96 lacs for the quarter ended June 30, with auditors noting complete erosion of net worth. The company announced leadership changes including CFO transition from Anwar Shaikh to Sudesh Pingale. The 35th AGM is scheduled for September 15 via video conferencing. To address financial challenges, V R Woodart plans to issue equity shares and convertible warrants, with a significant portion proposed for new promoters Ms. Maddukuri Mounica and Mrs. Minal Patil.
06Aug 25
V R Woodart Limited Reports Q1 Loss and Leadership Changes
V R Woodart Limited reported a loss of Rs. 1.96 lacs for Q1 ended June 30, with EPS of -0.01. The company announced key leadership changes, including the resignation of CFO Mr. Anwar Shaikh and appointment of Mr. Sudesh Pingale as the new CFO. Corporate governance updates include the appointment of a new Secretarial Auditor and scheduling of the 35th AGM. The company's net worth has been completely eroded, but it's taking steps to address financial challenges through a Preferential Issue of equity shares and convertible warrants.