Valecha Engineering Limited — Board Meeting, 19-11-2024: Outcome of Board Meeting

The Board of Directors of Valecha Engineering Limited has approved the unaudited financial results for the first quarter ended June 30, 2024, during their adjourned meeting. The consolidated revenue from operations stands at ₹9.30 Cr, while the total income is recorded at ₹9.74 Cr. Total expenses amounted to ₹63.17 Cr, leading to a consolidated loss before tax of ₹53.43 Cr. The standalone results also reflect a total income of ₹6.26 Cr and a loss of ₹0.43 Cr for the same period. The company continues to navigate its ongoing corporate restructuring amidst financial challenges.