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Vakrangee Ltd

| Quarterly Financial Results Q3 FY 2025-26

BULLISH SENTIMENT

Report Source

⬤24th Jan 26

Summary : Vakrangee Limited reported strong Q3 and 9M FY26 financial results with significant profit growth, appointed a new CFO, and is pursuing a share consolidation plan, despite past warrant forfeiture issues and a prior period financial restatement.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Purchase of stock in trade and other operating expenditure.
  2. Changes in inventories of stock-in-trade.
  3. Employee benefits expense.
  4. Finance costs.
  5. Depreciation and amortisation expense.
  6. Other expenses.
  7. Standalone Revenue from operations: ₹4,754.01 lakhs (Q3 FY26), ₹13,911.31 lakhs (9M FY26).
  8. Consolidated Revenue from operations: ₹6,010.49 lakhs (Q3 FY26), ₹19,802.28 lakhs (9M FY26).
  9. Segment Revenue (Consolidated): Vakrangee Kendra and Sale of ATM Products/Services.
  10. Consolidated Total Assets: ₹32,802.13 lakhs (as of Dec 31, 2025).
  11. Consolidated Total Liabilities: ₹10,706.00 lakhs (as of Dec 31, 2025).
  12. Vakrangee Finserve Limited (wholly owned subsidiary).
  13. Vakrangee Digital Ventures Limited (wholly owned subsidiary).
  14. Vakrangee E-Solutions Inc. (Philippines) (wholly owned subsidiary).
  15. Vortex Engineering Private Limited (subsidiary w.e.f. June 4, 2024).
  16. Both standalone and consolidated unaudited financial results are presented and reviewed.

Corporate Overview

  1. Providing various services through Vakrangee Kendra.
  2. Sale of Automated Teller Machines ('ATM') Products/Services.
  3. Formal and factual, reporting board decisions and financial outcomes.
  4. Vakrangee Kendra services.
  5. Sale of Automated Teller Machines (ATM) Products/Services.

Risk Factors

  1. Warrant forfeiture indicates past capital issues.
  2. Share consolidation process faces uncertainty.
  3. Prior period financial restatement impacts comparability.
  4. Subsidiary financial data not fully reviewed.

Key Drivers

  1. Strong profit growth for quarter.
  2. Nine-month profit significantly increased.
  3. Experienced CFO appointment strengthens leadership.
  4. Proposed share consolidation to enhance value.

Auditor’s Report

  1. Unmodified review conclusion for standalone and consolidated financial results.
  2. Restatement of comparative figures for Vortex Engineering Private Limited due to share-based payments.

Board Commentary

  1. Appointment of Mr. Aditya Jani as Chief Financial Officer (CFO) and Key Managerial Person (KMP) with effect from January 24, 2026.
  2. Forfeiture of application money from unexercised warrants.
  3. Petition filed before NCLT for consolidation of equity shares.
  4. Warrant application money forfeited due to conversion period expiry.
  5. Approval of preferential allotment of 35,00,00,000 warrants (later withdrawn).
  6. Approval of preferential allotment of 4,00,00,000 and 2,00,00,000 warrants (subsequently forfeited).
  7. Petition for consolidation of 1,08,31,91,807 equity shares into 10,83,19,180 shares of ₹10/- each.

Corporate Governance

  1. Audit Committee.
  2. Nomination and Remuneration and Compensation Committee.

Management Discussion & Analysis

Future Strategy

  1. Petition filed for consolidation of equity shares to face value of ₹10/-.

Performance Drivers

  1. Increased revenue from operations for the quarter and nine months.
  2. Significant growth in profit before tax and profit for the period.

Critical Risks

  1. Forfeiture of application money from unexercised warrants due to expiry of conversion period.
  2. Uncertainty related to the outcome of the share consolidation petition.
Vakrangee Ltd (VAKRANGEE) Quarterly Report Analysis & Insights | Dhanarthi