Board considers and approves unaudited financial results for the quarter ended June 30, 2026

Board of Veegaland Developers met on October 6, 2026 and considered and approved the unaudited financial results for the quarter ended June 30, 2026.

Tue 6 Oct 2026

Revenue from operations (Q ended June 30, 2026)

Rs. 7,432.18 lakh

Revenue from operations (Q ended June 30, 2025)

Rs. 4,150.16 lakh

Profit for the period

Rs. 972.32 lakh, against Rs. 321.32 lakh

Board meeting outcome

The board of directors of Veegaland Developers Limited met on October 6, 2026 and considered and approved the unaudited financial results for the quarter ended June 30, 2026, along with the statutory auditor's limited review report. The statement was reviewed by the audit committee on October 5, 2026.

Quarter at a glance (figures as reported, in Rs Lakhs)

• Revenue from operations: 7,432.18 for the quarter ended June 30, 2026, against 4,150.16 for the quarter ended June 30, 2025.
• Profit for the period: 972.32, against 321.32 in the year-ago quarter.
• Basic and diluted earnings per share: Rs. 2.88.

What the auditor's report says

Varma & Varma, Chartered Accountants, carried out a limited review of the statement. Their report states that nothing has come to their attention that causes them to believe the statement has not disclosed the information required to be disclosed, or that it contains any material misstatement. A limited review provides moderate assurance and is narrower in scope than a full audit; it is not an audit opinion.

Context on the numbers

The company carries on real estate development and allied activities in India as a single reportable segment. It states that this is the first Statement of Unaudited Financial Results reported by it after listing. The figures for the quarter ended June 30, 2025 were compiled by management and were not subjected to audit or review by the statutory auditors, and the figures for the quarter ended March 31, 2026 are balancing figures between the audited full-year figures and the unpublished audited figures for the nine months ended December 31, 2025.

IPO and share capital changes

• After the quarter ended June 30, 2026, the company completed its initial public offering of 1,50,00,000 equity shares at an issue price of Rs. 140 per equity share. The shares were listed on NSE and BSE on 18 September 2026.
• During the quarter ended 30 September 2025, equity shares were allotted under a rights issue, and subsequently 2,70,00,000 fully paid-up equity shares were allotted as bonus shares.

Points to note

• The results are for a quarter that ended before the company's shares began trading on 18 September 2026.
• The statement is a limited review, not a full audit, and the year-ago quarter's figures were not audited or reviewed.

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