Vandan Foods Ltd

Vandan Foods Ltd's board approved the audited standalone financial results for the half year and financial year ended March 31, 2026, based on the Audit Committee's recommendation. The auditor's report by M/s Piyush Kothari & Associates expressed an unmodified opinion on the financial results. The board meeting, where these results were approved, commenced at 05:30 PM (IST) and concluded at 07:15 PM (IST).

Vandan Foods Ltd's board approved the audited standalone financial results for the half-year and financial year ended March 31, 2026. The audit report by M/s Piyush Kothari & Associates, Statutory Auditors, expressed an unmodified opinion. The board meeting commenced at 05:30 PM (IST) and concluded at 07:15 PM (IST).

Vandan Foods Ltd reports no deviation in the utilization of IPO proceeds as per the prospectus dated June 23, 2025. The report, filed for the half-year ended March 31, 2026, was reviewed by the Audit Committee and Board of Directors on May 22, 2026. The IPO raised ₹30.36 crores, and a Statutory Auditor’s Certificate for the period is enclosed, confirming fund utilization aligned with original objectives.

Vandan Foods Ltd has submitted a Monitoring Agency Report for the quarter ended March 31, 2026, in compliance with SEBI regulations regarding the utilization of IPO proceeds. The report, issued by Infomerics Valuation and Rating Limited, indicates no deviation from the stated objectives of the IPO. Vandan Foods, an SME listed company, is voluntarily complying with these regulations.

Vandan Foods Ltd has scheduled a meeting of its Board of Directors on May 22, 2026, to consider and approve the audited standalone financial results for the half-year and financial year ended March 31, 2026. The board will also take note of the Auditors’ Report and discuss other matters with the Chair's permission.

Vandan Foods Ltd, an SME listed company, has voluntarily complied with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The Monitoring Agency Report for the quarter ended December 31, 2025, issued by the Monitoring Agency, indicates no deviation from the objects of the Initial Public Offering (IPO). The report provides an objective view of the utilization of the issue proceeds and does not create any legally binding obligations on the Monitoring Agency.

Vandan Foods Ltd has announced the closure of the trading window for dealing in securities of the company by designated persons. The closure will be in effect from Wednesday, April 01, 2026, till 48 hours after the declaration of financial results for the fourth quarter and financial year ending March 31, 2026. The exact date of the announcement of the financial results will be informed in due course.

Vandan Foods Limited has announced changes in its Board of Directors and Key Managerial Personnel. Mr. Jitendra Rameshbhai Patel has relinquished his positions as Managing Director and Executive Director due to pre-occupation and other professional commitments. He will continue as a Non-Executive Director and has been appointed as the Chairman of the Board. Mr. Rakeshkumar Rameshbhai Patel has been appointed as the Managing Director and Key Managerial Personnel for a term of five years, subject to shareholders' approval. He has also relinquished his position as the Chairman of the Board.

Vandan Foods Ltd has issued a corporate guarantee for a working capital facility being availed by Pharmearth Private Limited. The directors and shareholders of Pharmearth Private Limited hold a minor shareholding in Vandan Foods Ltd. The guarantee is provided on an arm's length basis and does not impact the company at this point. The corporate guarantee is a contingent liability for Vandan Foods Ltd.