Vaibhav Global Limited — Important, 30-01-2025: General Updates

The Board of Directors has convened and approved several key resolutions. The company reported strong financial results with a consolidated income from operations of ₹97,734.26 crore for the quarter ended December 31, 2024, compared to ₹79,642.91 crore in the prior quarter. A profit before tax of ₹8,220.75 crore was achieved, reflecting robust performance metrics. The board has also declared a third interim dividend of ₹1.50 per share, with a record date set for February 8, 2025.

Additionally, Mr. Prakash Chandra Parwal has been appointed as a Non-Executive Independent Director for a five-year term, and Mr. Yashasvi Pareek has been appointed as the new Company Secretary and Compliance Officer. The firm has engaged M/s Mehta & Mehta as its Secretarial Auditor for 2024-25, enhancing its governance framework.

The outlook remains positive, highlighting the company's strategic initiatives and operational efficiencies while adjusting to market conditions. Investors should note the potential for growth and improved financial health as the company navigates these initiatives.