---
title: "VSF Projects Ltd (519331) — Share Price, Financials & Analysis"
symbol: "519331"
company: "VSF Projects Ltd"
canonical: "https://tapetide.com/stocks/519331"
isin: "INE923K01014"
nse_symbol: "VSFPROJECTSLTD"
bse_code: "519331"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 57.24
generated_at: "2026-09-13T19:36:26.785Z"
---

# VSF Projects Ltd (519331)

Canonical page: https://tapetide.com/stocks/519331

## Company

- **NSE Symbol:** VSFPROJECTSLTD
- **BSE Code:** 519331
- **ISIN:** INE923K01014
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vsfprojects.com

## About

VSF Projects Ltd is developing a multi-product Free Trade Warehousing Zone (FTWZ/SEZ) 
with an Inland Container Depot on its own 
53.81-hectare site near Krishnapatnam 
Port in Tirupati district, Andhra Pradesh; 
its earlier shrimp-export and civil-construction activities are legacy businesses, not current operating revenue sources.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:42:16.131861Z.

- **Market Cap:** ₹57.24 Cr
- **Classification:** Microcap
- **P/E (reported):** -116.6
- **EPS (TTM):** ₹-0.28
- **EPS (reported):** ₹0
- **Book Value:** ₹48.32
- **Price to Book:** 0.68
- **Dividend Yield:** 0%
- **ROE:** -0.33%
- **ROCE:** 0.32%
- **Debt to Equity:** 0.86
- **Revenue (yearly):** ₹1.3 Cr
- **Net Income:** ₹-0.1 Cr
- **EBITDA:** ₹0.6 Cr
- **52-Week High:** ₹52.99
- **52-Week Low:** ₹28.25
- **RSI (14):** 52.59

## Tapetide Score

- **Score:** 44 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Falling
- **Percentile:** 25 (of 4473 scored stocks)
- **Confidence:** 80%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 8.91 | 9.89% |
| momentum | 28.05 | 13.19% |
| ownership | 50.07 | 26.37% |
| quality | 39.92 | 24.18% |
| valuation | 62.7 | 26.37% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.56 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -0.43% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -85.14% | -64.94% | -88.91% |
| ebitda margin growth | 0% | 206.91% | 120.68% | — |
| net income growth | 50% | -200% | 0% | — |
| revenue growth | 0% | -86.02% | -33.89% | — |
| roce | 0% | -73.98% | -63.64% | — |
| roe | -66.67% | -186.84% | -0.09% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0.22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.16 | 0.05 | -0.09 | 0.14 | 0.31 | 0.01 | 0.07 | 0.12 | 0.14 | 0.15 | 0.21 | 0.14 |
| Operating Profit | -0.16 | -0.05 | 0.31 | -0.14 | -0.31 | -0.01 | -0.07 | -0.12 | -0.14 | -0.15 | -0.21 | -0.14 |
| OPM % | — | — | 140.91 | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 35.54 | 0 | 0 | 0.21 | 0.21 | 0.19 | 0.22 | 0.12 | 0.11 | 0.1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.02 | 0.02 | 0.12 | 0.01 | 0.02 |
| Depreciation | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 0.06 | 0.07 | 0.08 | 0.09 | 0.01 | 0.07 |
| Profit before tax | -0.19 | -0.07 | 35.83 | -0.16 | -0.33 | 0.16 | 0.05 | -0.02 | -0.02 | -0.24 | -0.12 | -0.13 |
| Tax % | 10.53 | -14.29 | -0.03 | -6.25 | 3.03 | -6.25 | 60 | 100 | -100 | -16.67 | 50 | -53.85 |
| Net Profit | -0.21 | -0.06 | 35.84 | -0.15 | -0.35 | 0.17 | 0.03 | -0.04 | 0 | -0.21 | -0.18 | -0.06 |
| EPS in Rs | -0.13 | -0.04 | 21.85 | -0.09 | -0.21 | 0.11 | 0.02 | -0.02 | 0 | -0.13 | -0.11 | -0.04 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 2.74 | 1.24 | 1.74 | 1.65 | 1.63 | 0.22 | 0 | 0 | 0 |
| Expenses | 0.22 | 9.6 | 0.91 | 1.44 | 1.54 | 1.51 | 0.33 | 0.53 | 0.62 | 0.64 |
| Operating Profit | -0.22 | -6.86 | 0.33 | 0.3 | 0.11 | 0.12 | -0.11 | -0.53 | -0.62 | -0.64 |
| OPM % | — | -250.36 | 26.61 | 17.24 | 6.67 | 7.36 | -50 | — | — | — |
| Other Income | -0.04 | 0 | 0.02 | 0 | 0 | 0 | 35.52 | 0.43 | 0.64 | 0.55 |
| Interest | 0.51 | 0.22 | 0.12 | 0 | 0 | 0 | 0 | 0.03 | 0.17 | 0.17 |
| Depreciation | 0.23 | 0.21 | 0.2 | 0.19 | 0.12 | 0.06 | 0.06 | 0.14 | 0.26 | 0.25 |
| Profit before tax | -1 | -7.29 | 0.03 | 0.11 | -0.01 | 0.06 | 35.35 | -0.27 | -0.41 | -0.51 |
| Tax % | -7 | -0.27 | -66.67 | -45.45 | 700 | 83.33 | 0 | 7.41 | 7.32 | — |
| Net Profit | -0.93 | -7.27 | 0.05 | 0.15 | -0.08 | 0.01 | 35.35 | -0.29 | -0.43 | -0.45 |
| EPS in Rs | -0.63 | -4.95 | 0.03 | 0.1 | -0.05 | 0.01 | 21.55 | -0.18 | -0.26 | -0.28 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5.87 | 5.87 | 5.87 | 5.87 | 5.87 | 5.87 | 6.58 | 6.58 | 16.4 | 16.4 |
| Reserves | 18.29 | 17.36 | -5.72 | -5.67 | -5.52 | -5.6 | -3.11 | 43.62 | 82.37 | 81.93 |
| Borrowings | 2.22 | 16.38 | 15.28 | 15.65 | 15.65 | 15.65 | 14.93 | 31.54 | 60.44 | 84.68 |
| Other Liabilities | 63.38 | 49.72 | 50.49 | 49.99 | 49.57 | 49.65 | 48.83 | 9.5 | 12.59 | 8.37 |
| Total Liabilities | 89.76 | 89.33 | 65.92 | 65.84 | 65.57 | 65.57 | 67.23 | 91.24 | 171.8 | 191.38 |
| Fixed Assets | 26.69 | 26.36 | 64.06 | 63.84 | 63.65 | 63.53 | 63.48 | 63.38 | 65.26 | 65.57 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1.58 | 20.87 | 88.54 | 116.34 |
| Investments | 53.72 | 53.72 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 |
| Other Assets | 9.35 | 9.25 | 1.86 | 2 | 1.92 | 2.04 | 2.17 | 6.99 | 18 | 9.44 |
| Total Assets | 89.76 | 89.33 | 65.92 | 65.84 | 65.57 | 65.57 | 67.23 | 91.24 | 171.8 | 191.38 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.24 | -0.45 | 1.28 | -0.24 | -0.02 | -0.02 | -0.88 | -3.94 | -10.53 | 28.98 |
| Cash from Investing Activity | 0.14 | 0.11 | 0 | 0.04 | 0 | 0 | -1.59 | -19.29 | -69.69 | -28.36 |
| Cash from Financing Activity | 0.1 | 0.29 | -1.32 | 0.25 | 0 | 0 | 2.47 | 26.6 | -49.58 | -0.17 |
| Net Cash Flow | 0 | -0.05 | -0.04 | 0.05 | -0.02 | -0.02 | 0 | 3.37 | -129.81 | 0.45 |
| Free Cash Flow | -0.1 | -0.34 | 1.28 | -0.2 | -0.02 | -0.02 | -2.47 | -23.23 | -80.22 | 0.88 |
| CFO/OP | -36 | 205 | -19 | -73 | -7 | 0 | -725 | 3545 | 1977 | -4674 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 2091.51 | — | 1.33 | 2.94 | 2.1 | 2.21 | 0 | 0 | — | — |
| Inventory Days | 0 | — | 0 | 0 | 0 | 0 | 0 | — | — | — |
| Cash Conversion Cycle | 2091.51 | — | 1.33 | 2.94 | 2.1 | 2.21 | 0 | 0 | — | — |
| Working Capital Days | -4907.22 | — | -3210.4 | -6961.49 | -4669.48 | -4910.91 | -4758.44 | -9888.18 | — | — |
| ROCE % | -0.06 | -1.36 | -25.69 | 0.96 | 0.69 | -0.06 | 0.35 | -0.26 | -0.2 | -0.14 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 43.39% | 43.38% | 43.38% | 43.57% | 43.57% | 43.57% | 43.57% | 43.53% | 43.54% | 43.54% | 43.65% | 43.66% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 3.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 50.33% | 50.44% | 50.45% | 51.46% | 51.63% | 52.32% | 52.48% | 52.59% | 52.65% | 52.8% | 52.69% | 52.67% |
| Others | 6.28% | 6.18% | 2.84% | 3.64% | 3.47% | 2.78% | 2.62% | 2.54% | 2.47% | 2.33% | 2.32% | 2.34% |
| No. of Shareholders | 8254 | 8262 | 8301 | 9201 | 9147 | 9199 | 9187 | 9098 | 9104 | 9089 | 9113 | 9071 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 6 / 6

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 31.13 | Buy |
| EMA (10) | 31.7 | Buy |
| SMA (20) | 31.43 | Buy |
| EMA (20) | 31.84 | Buy |
| SMA (50) | 33.73 | Sell |
| EMA (50) | 33.05 | Buy |
| SMA (100) | 34.49 | Sell |
| EMA (100) | 34.57 | Sell |
| SMA (200) | 37.39 | Sell |
| EMA (200) | 37.47 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.14 | Neutral |
| MACD (12,26,9) | -0.44 | Buy |
| Stochastic (14,3,3) | 76.17 | Neutral |
| ADX (14) | 21.43 | Neutral |
| Williams %R (14) | -30.13 | Neutral |
| ATR (14) | 2.75 | High Volatility |
| ROC (12) | 11.95 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 46.95 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Submission Of Notice Of 34Th Annual General Meeting Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ecf1327-6404-4441-bd4f-3e911f83dda0.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=51faadea-c652-4ba9-b1fe-1768beec54c1.pdf) |
| 2026-08-10 | [Board Meeting Outcome for Outcome Of The Meeting Of Board Of Directors Of VSF Projects Limited Held On Monday 10Th August 2026 Under Regulations 30 Reg. 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d230e301-da05-407a-8659-92a1244a9faf.pdf) |
| 2026-08-10 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=29f5017b-38d6-46d5-84ab-2b2015436d37.pdf) |
| 2026-08-04 | [Board Meeting Intimation for Considering And Approving The Un-Audited Financial Results Of The Company For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=adeb7516-7e9e-4ed8-be38-3ecd330369cf.pdf) |
| 2026-07-30 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=90def04e-3e63-4389-af47-af115f769625.pdf) |
| 2026-07-17 | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c43fedce-1556-492a-a445-de7c9b65a0c6.pdf) |
| 2026-07-17 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ed0d48f3-3ef0-4781-bb36-907a18588309.pdf) |
| 2026-06-27 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e40a795-9daf-4b1e-898c-6f450e94db67.pdf) |
| 2026-06-15 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6c31dce-9a25-46ba-9073-864b9739049b.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-10 | [Un-Audited Financial Results For The Quarter Ended 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=385be44d-a3c6-4d1d-bf6d-cf9c6d51eb82.pdf) |
| 2026-05-25 | [Audited Financial Results For The Quarter And Year Ended 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c465d15b-0df0-4f7a-ac30-95951ad8a600.pdf) |
| 2026-02-12 | [Unaudited Financial Results For The Quarter And Nine Months Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=12a5d78d-84bc-46a0-8b8b-e605b9dad0f1.pdf) |
| 2025-08-14 | [Submission Of Unaudited Financial Results For The Quarter Ended 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=55932f58-6887-4d1e-bad5-d7e93f735032.pdf) |
| 2025-05-30 | [Audited Financial Results For The Quarter And Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=835d875f-8e6a-4932-8fbb-db58737b8b65.pdf) |
| 2025-02-14 | [Un-Audited Financial Results For The Quarter And Nine Months Ended 31.12.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=38c0980e-18a8-4c2b-8a9f-a0c56f849722.pdf) |
| 2024-11-12 | [Submission Of Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0f1c0731-1c31-4a47-b95d-7ff86db8d945.pdf) |
| 2024-08-14 | [Submission Of Unaudited Financial Results For The Quarter Ended 30Th June, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=237e4b3f-ee94-4d78-b56a-e7b2d8d4d103.pdf) |
| 2024-05-16 | [Submission Of Audited Financial Results For The Quarter And Year Ended 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f6c2e97-6865-404f-807e-140ffbf8ca98.pdf) |
| 2024-01-26 | [Submission Of Unaudited Financial Results For The Quarter And Nine Months Ended 31St December, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eced7d52-eb16-4fd1-8ff8-7e27a05142d8.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jan - Occupancy NOC (09.01.2026) from A.P. Fire Services for new Tirupathi building. | [Intimation Of Receipt Of No Objection Certificate For Occupancy From A.P. State Disaster Response And Fire Services Department 9 Jan - Occupancy NOC (09.01.2026) from A.P. Fire Services for new Tirupathi building.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e04fda48-a7a0-4fa5-ae7b-dfd73dbe5b87.pdf) |
| 9 Feb - Board meeting 12 Feb 2026 to approve unaudited Q3 and 9M results (Dec 31, 2025); trading window reopens 15 Feb. | [Board Meeting Intimation for Consider And Approval Of Un-Audited Financial Results Of The Company For The Quarter And Nine Months Ended 31St December, 2025 9 Feb - Board meeting 12 Feb 2026 to approve unaudited Q3 and 9M results (Dec 31, 2025); trading window reopens 15 Feb.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f905b54b-8e0b-469b-bdb0-1732ab18f651.pdf) |
| 5h - Approved unaudited results for Jun/Sept/Dec 2024; post‑CIRP resolution with share allotment and re‑listing underway. | [Board Meeting Outcome for Outcome Of Board Meeting Held On September 19, 2025 5h - Approved unaudited results for Jun/Sept/Dec 2024; post‑CIRP resolution with share allotment and re‑listing underway.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/79842873-2f44-4e23-9e4c-f9eaade62a5b.pdf) |
| 29 Dec 2025 - Trading window closed Jan 1, 2026 until 48 hours after unaudited Q3 results for quarter ended Dec 31, 2025. | [Closure of Trading Window 29 Dec 2025 - Trading window closed Jan 1, 2026 until 48 hours after unaudited Q3 results for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b571582e-f54a-4a66-b727-bdaa155be852.pdf) |
| 27 Oct 2025 - Appointed Ritesh Rajkumar Chokhani as CFO and KMP effective October 27, 2025. | [Announcement under Regulation 30 (LODR)-Change in Management 27 Oct 2025 - Appointed Ritesh Rajkumar Chokhani as CFO and KMP effective October 27, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5a40acde-fae1-4369-85da-25880969a2a8.pdf) |
| 27 Oct 2025 - Appointed Ritesh Rajkumar Chokhani as CFO and KMP effective October 27, 2025. | [Board Meeting Outcome for Outcome Of Board Meeting Dated 27.10.2025_ Appointment Of CFO. 27 Oct 2025 - Appointed Ritesh Rajkumar Chokhani as CFO and KMP effective October 27, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5bae4864-c6a3-470e-a87f-276e209ee439.pdf) |
| 20 Feb - Appointed M/s. Shabbir & Rita Associates LLP as statutory auditors for FY2025-26, effective 20 Feb 2026; post-CIRP implementation. | [Board Meeting Outcome for Outcome Of Board Meeting Held On February 20, 2026. 20 Feb - Appointed M/s. Shabbir & Rita Associates LLP as statutory auditors for FY2025-26, effective 20 Feb 2026; post-CIRP implementation.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fa2f5653-fc36-4d99-830d-9c0a7a8e8c53.pdf) |
| 20 Feb - Appointed M/s. Shabbir & Rita Associates LLP as statutory auditor for FY2025-26, effective 20 Feb 2026. | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 20 Feb - Appointed M/s. Shabbir & Rita Associates LLP as statutory auditor for FY2025-26, effective 20 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/82b0ba88-9600-4964-930d-a835a63d9887.pdf) |
| 2 Mar - NCLAT on Feb 18, 2026 granted clarification allowing SRA to reduce promoter holding to 95% to ensure ≥5% public shareholding. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015- Submission Of NCLAT Order. 2 Mar - NCLAT on Feb 18, 2026 granted clarification allowing SRA to reduce promoter holding to 95% to ensure ≥5% public shareholding.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/69905711-39f3-488f-9ec1-a183b12b9e6f.pdf) |
| 18 Feb - Board approved unaudited Q2–Q4 2024 results; CIRP ended Dec 6, 2024; share allotment and re‑listing underway. | [Results-Delay in Financial Results 18 Feb - Board approved unaudited Q2–Q4 2024 results; CIRP ended Dec 6, 2024; share allotment and re‑listing underway.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/37320d7e-8014-47d5-8ac7-edc27f04f521.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fcca7a0a-88cd-4d29-960d-53adce1efb91.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/64a0e641-fa06-4d78-9836-05f4bb5d676a.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c2856003-441a-45de-a3c4-b98da1dd9cc7.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7e1f8af-f39b-4d36-91b7-a132d8272008.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/502761/69605502761.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/519331/72339519331.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/502761/68119502761.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/519331/67016519331.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/502761/5027610319.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/519331/5193310319.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:36:26.785Z.