Veegaland Developers Ltd

Veegaland Developers Ltd has officially changed its Corporate Identification Number (CIN) from U45201KL2007PLC021107 to L45201KL2007PLC021107. This change, approved by the Registrar of Companies, Ernakulam, is a consequence of the company's equity shares being listed on the National Stock Exchange (NSE) and BSE Limited (BSE) on September 18, 2026. The Ministry of Corporate Affairs has updated the company's status from 'Unlisted' to 'Listed'. The updated MCA Master Data reflecting these changes is available, and the company has also posted this information on its investor relations website.

Veegaland Developers Ltd has announced that its Board of Directors will convene on November 5, 2026. The primary agenda item is to consider and approve the unaudited standalone financial results for the quarter and half-year ended September 30, 2026. The company also confirmed that the trading window for designated persons will remain closed until 48 hours after the declaration of these financial results. The announcement is available on the company's investor relations website.

Veegaland Developers Ltd has officially launched its new residential project, "Veegaland Fortune," located in Kathrikkadavu, Kaloor, Ernakulam, Kerala. The launch follows the receipt of registration from the Kerala Real Estate Regulatory Authority (K-RERA). The project adds 1,78,905 sq. ft. of saleable area to the company's portfolio in Kochi. The registration number is K-RERA/PRJ/ERN/168/2026, and the registration is valid until June 30, 2031. This launch is expected to enhance the company's product mix and contribute to revenue over the project's duration.

Veegaland Developers Ltd announced its unaudited financial results for the quarter ended June 30, 2026. Revenue from operations surged by 79% year-on-year to ₹7,432 lakhs (₹74.32 Crore) from ₹4,150 lakhs (₹41.50 Crore) in the same period last year. This growth was driven by strong sales and robust project progress. Gross profit increased to ₹2,099 lakhs (₹20.99 Crore) with a stable gross margin of 28.25%. EBITDA rose by 135% YoY to ₹1,431 lakhs (₹14.31 Crore), and Profit After Tax (PAT) grew to ₹972 lakhs (₹9.72 Crore), with PAT margin improving to 12.86% from 7.65% YoY. The company also launched a new project, Veegaland Amora, in Kochi during the quarter. Management expressed confidence in the Kerala real estate market and plans for expansion.

Veegaland Developers posted standalone revenue of ₹74.32 Cr for the quarter ended 30 June 2026 (Q1 FY27), up 79.1% YoY from ₹41.50 Cr, with net profit up 202.6% YoY to ₹9.72 Cr from ₹3.21 Cr — a real-estate revenue-recognition-driven print rather than a one-off, as no exceptional items appear in the statement. Sequentially (vs the Mar-26 quarter), growth was far more modest: revenue +5.7% and PAT +5.8%, so the headline YoY surge is the real story and the QoQ move is incidental, not a fresh acceleration. The margin expansion is the clearer structural signal: net margin rose to 12.86% from 7.65% a year ago (and was roughly flat sequentially at 12.79% in Mar-26). The bridge is on financing and employee costs — finance costs fell to 1.5% of revenue from 4.0% a year ago, and employee expense fell to 3.0% of revenue from 5.1%, both consistent with the balance-sheet strengthening from the FY26 rights issue and bonus allotment (4:1) referenced in the filing's notes, well ahead of the IPO itself. Operating cost and other-expense ratios were broadly stable. Management issued no press release and set no formal guidance in our records or in a web search, so there is no prior outlook to grade this print against, and no analyst/street estimates were found either — unsurprising, since the company is newly listed (IPO of 1.5 Cr shares at ₹140/share completed after this quarter-end, listing on NSE/BSE on 18 September 2026) and pre-IPO coverage for a small real-estate developer is thin. The quarter's other governance developments — appointment of a compliance officer, adoption of a fair disclosure policy, and Kochouseph Thomas Chittilappilly acquiring a 2.26% stake — are listing-readiness and post-listing-interest items, not operational drivers of this P&L. EPS was ₹2.88 (basic and diluted) on a paid-up capital of ₹33.75 Cr, flat per-share versus the already-enlarged post-bonus share base used in the Mar-26 quarter. Going into Q2 FY27 (Sep-26 quarter), the first full quarter after listing, the key test is whether the margin gain holds as the cost base and asset mix shift with the ~₹210 Cr IPO proceeds now on the balance sheet.

Veegaland Developers reported standalone revenue of ₹74.32 Cr for the quarter ended 30 June 2026 (Q1 FY27), up 79.1% year-on-year from ₹41.50 Cr and up 5.7% sequentially from ₹70.33 Cr in Q4 FY26. Standalone PAT rose 202.6% YoY to ₹9.72 Cr (₹3.21 Cr a year ago) and 5.8% QoQ (₹9.19 Cr), with net profit margin expanding to 12.9% from roughly 7.6% YoY (12.8% last quarter, essentially flat sequentially); PBT margin improved to 17.2% from 10.2% YoY. No exceptional items feature in either period, so the growth is organic. No analyst estimates for this quarter were found — Veegaland listed on NSE/BSE only on 18 September 2026, so this is the company's first results print since listing, and no Street coverage of this specific quarter turned up in search. Management has not issued formal guidance and there is no prior concall on record, so there is no guidance-beat/miss line to draw. The margin expansion is driven mainly by finance costs, which fell 34.0% YoY to ₹1.10 Cr (from ₹1.67 Cr) even as revenue grew 79%, sharply lowering the finance-cost-to-revenue ratio; employee costs grew just 4.9% YoY (₹2.22 Cr vs ₹2.11 Cr) against the revenue scale-up, adding further operating leverage. This is a standalone-only filing — Veegaland operates a single reportable business segment (real estate development, entirely in India) and the Statement contains no consolidated section. The quarter's corporate developments bookend the earnings rather than drive them: the IPO (₹210 Cr fresh issue, 1.5 Cr shares at ₹140) completed and listed on 18 September 2026 — after this quarter's cut-off — so the enlarged paid-up capital isn't reflected in these numbers yet; EPS of ₹2.88 is still computed on the pre-IPO base of 33.75 Cr shares. The board also closed the trading window ahead of results (23 September), appointed Akshay Anand T S as Compliance Officer and MUFG Intime as RTA (18 September), and investor Kochouseph Thomas Chittilappilly acquired a 2.26% stake (23 September) — standard post-listing governance and investor-base formalisation rather than operational news. No management press release was available to check framing against the print. Q2 FY27 (July-September 2026) will be the first quarter to carry the enlarged post-IPO equity base and the company's first full quarter as a listed entity, making it the real benchmark for EPS trajectory and for any formal guidance management chooses to give on its maiden post-listing call.

Veegaland Developers Ltd has announced that its Board of Directors will convene on October 6, 2026. The primary agenda item is to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company also confirmed that the trading window, which was closed on September 23, 2026, will remain shut until 48 hours after the declaration of both the Q2 2026 and Q3 2026 financial results. This ensures compliance with SEBI's Listing Obligations and Disclosure Requirements.

Veegaland Developers Ltd has announced the closure of its trading window for dealing in securities, effective September 24, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will remain shut until 48 hours after the declaration of financial results for the quarter ended June 30, 2026, and subsequently for the quarter ending September 30, 2026. All designated persons and insiders are prohibited from trading in the company's shares during this period to prevent insider trading.

Kochouseph Thomas Chittilappilly, a promoter of Veegaland Developers Limited, has acquired an additional 11,00,000 equity shares, representing 2.26% of the total share capital. This acquisition was made through the open market on September 18 and 21, 2026. Following this transaction, his total shareholding, along with Persons Acting in Concert (PACs), now stands at 3,21,48,500 shares, constituting 65.95% of the company's total voting capital. The total equity share capital of the company remains 4,87,50,000 equity shares of ₹10 each.

Veegaland Developers Ltd has informed the stock exchanges that its Board of Directors has authorized specific Key Managerial Personnel (KMPs) to determine the materiality of events and information and to make necessary disclosures under SEBI Listing Regulations. This delegation is in line with the company's policy on materiality. The authorized personnel include Mr. Kochouseph Thomas Chittilappilly, Mr. Kurian Thomas, and Mr. Bijoy Ambattu Bahuleyan (Whole-time Directors), Mr. Varun S Kumar (Chief Financial Officer), and Mr. Akshay Anand T S (Company Secretary). Contact details for these individuals are provided, and their information is also available on the company's investor relations website.