VERITAS (INDIA) LTD.

Veritas (India) Ltd announced that its shareholders, at the 41st Annual General Meeting held on September 03, 2026, approved the re-appointment of Mr. Paresh V. Merchant as Managing Director. His term has been extended for a further period of three years, commencing from December 28, 2026. Mr. Merchant brings over 40 years of experience across various industries and is an alumnus of IIM Ahmedabad. He is not related to any other director on the board and is not debarred from holding a directorial position by any regulatory authority.

Veritas (India) Limited conducted its 41st Annual General Meeting (AGM) on September 03, 2026, via Video Conferencing. The meeting, chaired by Mr. Paresh Merchant, commenced at 11:30 AM IST and concluded at 12:18 PM IST. A quorum was confirmed with 79 shareholders present online. Shareholders were informed about the e-voting facility and had the opportunity to ask questions regarding annual accounts and future business plans. The company also submitted the summary of proceedings, voting results, and the Scrutinizer's Report as per SEBI regulations.

Veritas (India) Limited has dispatched physical letters to shareholders who have not registered their email addresses, providing the web-link and exact pathway to access the complete Annual Report for the Financial Year 2025-26. This action complies with Regulation 36 of the SEBI Listing Regulations. The letter also serves as a notice for the 41st Annual General Meeting (AGM) scheduled for September 03, 2026, to be held via Video Conferencing. Shareholders are encouraged to update their email addresses for future corporate communications and to support green initiatives.

Veritas (India) Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. This report, forming part of the company's 41st Annual Report, details the company's performance against the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). The BRSR is prepared in accordance with SEBI regulations and is available on the company's website. Veritas (India) Limited is primarily engaged in the trading of chemicals, with this activity accounting for 100% of its turnover. The company operates from four offices within India and serves all 28 states and 8 Union Territories, with no export contribution to its turnover.

Veritas (India) Ltd has announced its Annual Report for the Financial Year 2025-26, coinciding with the notice for its Annual General Meeting (AGM) scheduled for September 03, 2026. The AGM will be conducted via two-way Video Conferencing/Other Audio-Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs (MCA) circulars. The report highlights the company's strategic focus on business resilience, prudent capital allocation, and risk management amidst a volatile global energy landscape. Key initiatives included adopting a flexible, demand-driven trading model in the UAE and obtaining shareholder approval for the sale of certain overseas assets. The company aims to strengthen its trading platform and supply chain efficiencies for sustainable long-term value creation.

Veritas (India) Limited has issued a notice for its 41st Annual General Meeting (AGM) to be held on September 03, 2026, at 11:30 a.m. IST. The meeting will be conducted via Video Conferencing / Other Audio-Visual Means (VC / OAVM). Key agenda items include the adoption of IND AS compliant financial statements for the financial year ended March 31, 2026, declaration of a 5% dividend (₹0.05 per equity share), and the re-appointment of Mr. Paresh V. Merchant as a Director and Managing Director. The notice is part of the company's 41st Annual Report and is available on the company's website and NSDL's e-voting portal.

Veritas (India) Limited's Board of Directors, in a meeting held on August 12, 2026, has granted final approval for the transfer/disposal of material assets and liabilities of its wholly-owned subsidiary, Verasco FZE, to Inergy FZE, Sharjah, UAE. This decision follows prior in-principle approval and shareholder consent. The transaction is contingent upon the execution of definitive agreements and fulfillment of regulatory requirements. The Board also approved the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026, along with limited review reports.

Veritas (India) Limited announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The Board of Directors approved these results in a meeting held on August 12, 2026. The company also provided final approval for the transfer of assets and liabilities of its wholly-owned subsidiary, Verasco FZE, to Inergy FZE, subject to definitive agreements and regulatory approvals. The limited review report was also submitted.

Veritas (India) reported consolidated revenue of ₹897.52 Cr for Q1 FY27 (quarter ended June 30, 2026), up 52.99% YoY from ₹586.66 Cr and up 68.80% QoQ from ₹531.74 Cr. Consolidated PAT, however, fell 84.86% YoY to ₹3.66 Cr from ₹24.15 Cr a year ago, even as it recovered sequentially from a ₹15.93 Cr loss in Q4 FY26 — the QoQ swing is a low-base recovery and not the primary signal; the YoY profit collapse against strong revenue growth is. Net profit margin compressed to 0.41% from 4.10% YoY, and EBITDA margin (excluding other income) fell to about 2.24% from 6.11% YoY. The squeeze sits on two lines: finance costs rose 30.7% YoY to ₹5.97 Cr from ₹4.57 Cr, and the Warehousing segment swung to a ₹1.60 Cr loss from a ₹0.98 Cr profit a year ago, even as the dominant Distribution & Development trading segment (₹877.71 Cr, ~98% of revenue) grew but at compressed segment margins (₹11.18 Cr segment profit vs ₹24.94 Cr YoY). Standalone, which is a pure holding entity, booked no revenue from operations this quarter and posted a ₹0.68 Cr loss on ₹0.91 Cr of other income — not comparable to the consolidated operating story and included here only for completeness. No formal management guidance is on record for this company, and no analyst/street estimates for this print turned up in a search — Veritas (India) is a thinly tracked micro-cap with no visible sell-side coverage, so vsGuidance and vsStreet are both unknown rather than beat/miss. No management press release accompanied the results beyond the standard board-outcome letter. The quarter's more significant corporate action was concurrent with the results: the Board gave final approval to dispose of wholly-owned subsidiary Verasco FZE (Dubai) to Inergy FZE, Sharjah, for up to USD 51 million — a unit that contributed ₹66.55 Cr (2.14%) of FY26 consolidated turnover but ₹910.06 Cr (31.77%) of consolidated net worth, making it a balance-sheet-scale event once it completes. Separately, the Board reconfirmed Paresh Merchant as MD and had earlier recommended a ₹0.05/share FY26 dividend (record date August 28, 2026).

Veritas (India) Ltd has announced that its Board of Directors will convene on August 12, 2026. The primary agenda item is to consider and approve the Unaudited Financial Results for the quarter ended June 30, 2026, covering both standalone and consolidated statements. Additionally, the company will discuss any other business as permitted by the Chair. In line with the company's Insider Trading Code, the trading window for designated persons and their immediate relatives will be closed until 48 hours after the financial results announcement, extending up to August 14, 2026. The notice of the board meeting will be available on the company's website.