Vaarad Ventures Ltd (532320)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Vaarad Ventures' net interest income was ₹0.5 Cr, and net profit ₹-1.7 Cr (a bigger loss than a year earlier).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹0.5 | — | — |
| Net profit | ₹-1.7 | loss widened | loss widened |
| EPS (₹) | -0.07 | — | — |
📢 Recent Corporate Announcements
Vaarad Ventures has submitted the minutes of its 32nd Annual General Meeting held on September 30, 2026. Members considered the FY26 financial statements and approved the re-appointment of Chairperson and MD Mrs. Leena Vikram Doshi, who retired by rotation. Additionally, resolutions were proposed for the appointment of M/s. R. R. Tibrewala & Co. as Statutory Auditors for a 5-year term following the resignation of the previous auditor, and the appointment of an Independent Director. Overall, the meeting finalized routine statutory and compliance matters with no new operational or financial surprises.
- 32nd AGM conducted on September 30, 2026, with 15 members present in person
- Approval of FY26 Audited Standalone and Consolidated Financial Statements
- M/s. R. R. Tibrewala & Co. appointed as Statutory Auditors for a 5-year term from 32nd to 37th AGM
- M/s. Sanil Dhayalkar & Co. appointed as Secretarial Auditor for 5 years (FY2026-27 to FY2030-31)
- Regularisation of Mr. Mahendra Sanghavi as Independent Director for a 5-year term up to September 29, 2031
Vaarad Ventures has submitted the minutes of its 32nd Annual General Meeting held on September 30, 2026. Members considered the FY26 financial statements and approved the re-appointment of Chairperson and MD Mrs. Leena Vikram Doshi, who retired by rotation. Additionally, resolutions were proposed for the appointment of M/s. R. R. Tibrewala & Co. as Statutory Auditors for a 5-year term following the resignation of the previous auditor, and the appointment of an Independent Director. Overall, the meeting finalized routine statutory and compliance matters with no new operational or financial surprises.
- 32nd AGM conducted on September 30, 2026, with 15 members present in person
- Approval of FY26 Audited Standalone and Consolidated Financial Statements
- M/s. R. R. Tibrewala & Co. appointed as Statutory Auditors for a 5-year term from 32nd to 37th AGM
- M/s. Sanil Dhayalkar & Co. appointed as Secretarial Auditor for 5 years (FY2026-27 to FY2030-31)
- Regularisation of Mr. Mahendra Sanghavi as Independent Director for a 5-year term up to September 29, 2031
Vaarad Ventures Limited announced that shareholders approved the regularisation of Mr. Mahendra Jagmohan Sanghvi as an Independent Director at its 32nd AGM on September 30, 2026. The appointment is for a five-year term ending September 30, 2031. Mr. Sanghvi brings experience in business administration, finance, and corporate governance, and holds no relationships with existing directors. The micro-cap NBFC reported TTM revenue of ₹1 Cr and a net loss of ₹2 Cr, making board governance a key operational focus.
- Shareholders approved the appointment of Mr. Mahendra Jagmohan Sanghvi at the 32nd AGM on September 30, 2026
- Appointed for a consecutive term of 5 years ending September 30, 2031
- AGM commenced at 09:30 A.M. (IST) and concluded at 10:00 A.M. (IST) on September 30, 2026
- Director DIN: 00134648, confirmed not debarred by SEBI or MCA
Vaarad Ventures reported a standalone net loss of Rs 1.71 Cr for the quarter ended June 30, 2026, a sharp increase from the Rs 0.06 Cr loss in the same period last year. The company generated zero revenue from operations, with its total income of Rs 51.99 Lakhs coming entirely from recoveries of financial assets previously written off. Expenses surged to Rs 2.23 Cr, driven by a significant spike in 'Other expenses' to Rs 2.21 Cr. Additionally, the company restructured its board, appointing Piyush Arun Vora as the new Non-Executive Independent Chairperson.
- Net loss widened significantly to Rs 1.71 Cr in Q1 FY27 from Rs 0.06 Cr in Q1 FY26.
- Revenue from operations remained at Rs 0.00 for the quarter.
- Total income of Rs 51.99 Lakhs was derived solely from recoveries of financial assets written off.
- Other expenses spiked to Rs 2.21 Cr compared to just Rs 4.52 Lakhs in the year-ago quarter.
- Piyush Arun Vora appointed as Non-Executive Independent Chairperson effective August 11, 2026.
Vaarad Ventures reported a standalone net loss of Rs 1.71 Cr for the quarter ended June 30, 2026, a significant increase from the Rs 0.06 Cr loss in the same period last year. The company generated zero revenue from operations, with its total income of Rs 51.99 Lakhs coming entirely from recoveries of written-off financial assets. Expenses surged to Rs 2.23 Cr, primarily driven by 'Other expenses' of Rs 2.21 Cr. Additionally, the company restructured its leadership, appointing Mr. Piyush Arun Vora as the new Non-Executive Independent Chairperson.
- Net loss widened to Rs 1.71 Cr in Q1 FY27 from a loss of Rs 0.06 Cr in Q1 FY26.
- Revenue from operations remained at Rs 0.00, continuing a trend of zero core business income.
- Other expenses spiked to Rs 221.54 Lakhs, compared to just Rs 4.52 Lakhs in the year-ago quarter.
- Total income of Rs 51.99 Lakhs was derived solely from recoveries of financial assets written off.
- Mr. Piyush Arun Vora appointed as Chairperson effective August 11, 2026, following Ms. Leena Doshi stepping down from the role.
Vaarad Ventures Ltd has scheduled a board meeting on August 10, 2026, to consider and approve its unaudited financial results for the quarter ended June 30, 2026. The company is currently operating in a zero-revenue phase, reporting Rs 0.0 Cr revenue for the last four consecutive quarters and a total net loss of Rs 0.22 Cr for FY26. With a net worth of Rs 22 Cr and a promoter holding of 71.19%, the company maintains an asset-light model but has seen its stock price decline by 32.9% over the past 12 months. The trading window for insiders is closed until 48 hours after the results are made public.
- Board meeting scheduled for August 10, 2026, to approve Q1 FY27 results
- Company reported Rs 0.0 Cr revenue in each of the last four quarters (Jun 2025 to Mar 2026)
- Net loss for FY26 stood at Rs 0.22 Cr compared to a loss of Rs 0.23 Cr in FY25
- Promoter holding has remained stable at 71.19% through March 2026
- Trading window closed until 48 hours post-result announcement
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents; however, the company reported no cash losses for the financial year ended March 31, 2025, and the immediately preceding year.
Geographic Revenue Split
Not disclosed in available documents. The registered office is located in Mumbai, Maharashtra.
Profitability Margins
Not disclosed in available documents. The company confirmed it has not incurred cash losses during FY 2024-25 or FY 2023-24, indicating at least break-even operations.
EBITDA Margin
Not disclosed in available documents. Core profitability is maintained as the company reported zero cash losses for two consecutive years.
Capital Expenditure
Tangible assets (Property, Plant and Equipment) decreased by 73.46% from INR 0.084 Cr (INR 843.89 '000) in FY24 to INR 0.022 Cr (INR 223.98 '000) in FY25, indicating no major new CAPEX and potential disposal or depreciation of existing assets.
Credit Rating & Borrowing
Non-current borrowings stood at INR 4.54 Cr (INR 45,355.94 '000) as of March 31, 2025, representing a 2.30% decrease from INR 4.64 Cr in the previous year. Specific interest rate percentages were not disclosed.
Operational Drivers
Raw Materials
Not applicable as the company operates in a business model requiring 'only strategy and no operations'.
Capacity Expansion
Not applicable for the current strategy-based business model. Total assets marginally declined by 0.67% from INR 34.06 Cr to INR 33.83 Cr.
Raw Material Costs
Not applicable. The company focuses on strategic decision-making rather than manufacturing.
Manufacturing Efficiency
Not applicable; the company does not have manufacturing operations.
Strategic Growth
Growth Strategy
The company focuses on an asset-light, strategy-driven model where the Board is directly involved in decision-making. Growth is pursued through strategic investments and ventures, as indicated by the company name and its focus on 'strategy and no operations'.
Products & Services
Strategic advisory, investment management, and venture-related services.
Brand Portfolio
Vaarad Ventures.
Strategic Alliances
The company has subsidiary companies incorporated in India, though specific partner names for new JVs were not disclosed in the provided text.
External Factors
Industry Trends
The industry is shifting toward asset-light investment vehicles. Vaarad Ventures is positioned as a strategy-led entity with minimal physical infrastructure, evidenced by its low PPE of INR 0.022 Cr.
Competitive Landscape
Operates in the competitive venture and strategic investment space in India, competing with other NBFCs and investment firms.
Competitive Moat
The moat is derived from the direct involvement of the Board in day-to-day strategic decisions and a lean operational structure that avoids cash losses even in fluctuating markets.
Macro Economic Sensitivity
Highly sensitive to domestic economic developments and changes in government regulations which impact the investment climate.
Regulatory & Governance
Industry Regulations
Subject to SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Companies Act, 2013. The company maintains a Code of Conduct for Prohibition of Insider Trading.
Environmental Compliance
Not applicable for a strategy-based firm with no manufacturing operations.
Taxation Policy Impact
The company is subject to Indian Income Tax Act and Ind AS specifications under Section 133 of the Companies Act.
Legal Contingencies
The company has disclosed the impact of pending litigations on its financial position in its standalone financial statements, though specific case values were not detailed in the snippets.
Risk Analysis
Key Uncertainties
Forward-looking statements are subject to risks regarding the accuracy of management assumptions and external factors beyond control, such as selling prices of finished goods and input availability.
Geographic Concentration Risk
Concentrated in India, specifically Mumbai, Maharashtra, where the registered office and management are based.
Third Party Dependencies
Low operational dependency due to the 'no operations' model, but high dependency on the performance of its subsidiary companies.
Credit & Counterparty Risk
The company has not granted any loans under section 185 and has no significant receivables characterized as loans to LLPs or firms during the year.
