VMS TMT Ltd

VMS TMT Ltd has submitted its Annual Report for the Financial Year 2025-26, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, covering the period from April 1, 2025, to March 31, 2026, is now available on the company's official website. The filing details the corporate information, including the Board of Directors, Key Managerial Personnel, and various committees such as the Audit Committee, Nomination & Remuneration Committee, Stakeholder Relationship Committee, and Corporate Social Responsibility Committee. It also lists the company's bankers, statutory auditors, cost auditors, internal auditors, and secretarial auditors. The registered office and registrar details are also provided.

VMS TMT Ltd is providing shareholders, whose email addresses are not registered, with a weblink to access the Annual Report for FY 2025-26. The 13th Annual General Meeting (AGM) will be held on September 29, 2026, via Video Conferencing. The cut-off date for voting eligibility is September 22, 2026, with remote e-voting from September 26-28, 2026. Shareholders are urged to update their contact details with the RTA or DP.

VMS TMT Ltd has announced that its Board of Directors has authorized key personnel to assess the materiality of events and information, and to make necessary disclosures to stock exchanges as per SEBI Listing Regulations. This action ensures compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The authorized individuals include Mr. Varun Manojkumar Jain (Chairman and Managing Director), Mr. Vikram Babubhai Patel (Chief Financial Officer), and Ms. Shikha Ranjan (Company Secretary and Compliance Officer). This move aims to streamline the disclosure process and maintain transparency with regulatory bodies and the investing public.

VMS TMT Limited announced its Unaudited Financial Results for Q1 FY27, reporting a 16.16% year-on-year increase in total income to ₹24,787.89 Lakhs. The company highlighted strengthened backward integration with the commissioning of its billet manufacturing facility, improving raw material security and cost efficiency. Despite a YoY decrease in EBITDA and Net Profit, the company emphasized its integrated manufacturing capabilities, established distribution network, and focus on operational efficiency and quality. The proposed amalgamation of Aditya Ultra Steel Limited with VMS TMT Limited is also underway, subject to regulatory approvals. The company is also developing a 15 MW captive solar power plant.

VMS TMT Ltd has announced its unaudited financial results for the first quarter ended June 30, 2026. The results were reviewed by statutory auditors M/s Suresh Chandra & Associates, who issued an unmodified Limited Review Report. The financial statements were prepared in accordance with Indian Accounting Standard 34 and approved by the Audit Committee and the Board of Directors. The report confirms no material misstatements were found and all required disclosures have been made.

VMS TMT's standalone Q1 FY27 revenue rose 16.7% YoY to ₹247.76 Cr (from ₹212.26 Cr in Q1 FY26), but standalone PAT fell 47.9% YoY to ₹4.47 Cr from ₹8.58 Cr, as operating margin compressed to 3.89% from 8.57% and net margin to 1.80% from 4.04%. Sequentially, PAT more than doubled (+95% QoQ) off a soft ₹2.29 Cr Q4 FY26 base on modest 2.8% QoQ revenue growth (₹241.11 Cr to ₹247.76 Cr) — that QoQ jump is a low-base artifact and not the primary read; the YoY comparison, which shows a genuine profitability decline despite topline growth, is what matters here. The margin squeeze traces to the cost line: total expenses grew 20.0% YoY to ₹242.20 Cr, outpacing 16.7% revenue growth, driven chiefly by a large swing in the inventory-adjustment line — a ₹52.19 Cr inventory release in Q1 FY26 versus an ₹11.01 Cr inventory build this quarter — which added materially to reported cost even as raw Cost of Materials Consumed itself fell YoY (₹166.74 Cr to ₹151.48 Cr). Finance costs eased 41% YoY (₹6.71 Cr to ₹3.96 Cr) on a lower debt load, a partial offset that wasn't enough to protect margins. No management press release accompanied this filing, and no analyst/street estimates for this small-cap TMT bar maker could be confirmed via search, so vsStreet is unknown. Against management's Jun-2026 concall guidance — which flagged FY27 profitability gains from full-year billet-facility integration and a newly commissioned 15 MW captive solar plant (₹5-6 Cr annual savings), plus healthy Gujarat infra/real-estate demand, with no specific numeric targets — this quarter's revenue growth is broadly on track, but the sharp margin compression runs counter to the 'improved profitability' framing, since the solar-driven savings have likely not flowed through yet. The quarter also coincides with a 27-Jun-2026 announced merger with Aditya Ultra Steel Ltd and a 24-Jun-2026 promoter stake sale of 2.66%, both unrelated to the reported financials. There is no consolidated statement — the company confirms it has no subsidiary, associate or joint venture as of 30 June 2026.

VMS TMT Ltd has announced that its Board of Directors will convene on August 13, 2026. The primary agenda item for this meeting is to consider and approve the standalone unaudited financial results for the quarter ended June 30, 2026. In line with SEBI regulations, the company has closed its trading window for insiders from July 1, 2026, and it will reopen 48 hours after the financial results are made public.

VMS TMT Limited announced its Board of Directors has approved a Scheme of Amalgamation for the merger of Aditya Ultra Steel Limited (AUSL) into VMS TMT. This strategic move aims to create a larger, more integrated steel manufacturing entity with enhanced capabilities, broader market reach, and improved operational efficiencies. The combined entity will benefit from a unified brand presence under the 'Kamdhenu' umbrella, an expanded distribution network of over 300 dealers, and a significantly increased manufacturing capacity of over 300,000 tonnes per annum. The merger is expected to unlock substantial operational and financial synergies, leading to a stronger financial profile and enhanced market leadership in Gujarat's steel industry. Shareholders of AUSL will receive 75 equity shares of VMS TMT for every 100 shares held, subject to regulatory approvals.

VMS TMT Limited announced its Board of Directors has approved a Scheme of Amalgamation for the merger of Aditya Ultra Steel Limited (AUSL) into VMS TMT Limited. The proposed transaction, under Sections 230-232 of the Companies Act, 2013, is subject to approvals from SEBI, NCLT, stock exchanges, and shareholders/creditors. AUSL has total assets of ₹19,297.46 lakhs and turnover of ₹40,989.92 lakhs. VMS TMT has total assets of ₹51,941.16 lakhs and turnover of ₹84,019.95 lakhs. Both companies are in the TMT bar manufacturing business. The merger aims to consolidate business operations.

VMS TMT Limited announced its Board of Directors has approved a Scheme of Amalgamation for the merger of Aditya Ultra Steel Limited (AUSL) into VMS TMT Limited. The proposed transaction, under Sections 230-232 of the Companies Act, 2013, is subject to approvals from SEBI, NCLT, stock exchanges, and shareholders/creditors. AUSL has total assets of ₹19,297.46 lakhs and turnover of ₹40,989.92 lakhs. VMS TMT has total assets of ₹51,941.16 lakhs and turnover of ₹84,019.95 lakhs. Both companies are in the TMT bar manufacturing business. The merger aims to consolidate business operations.