VSF Projects Ltd — Board Meeting, 30-05-2025: Board Meeting

VSF Projects Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company reported a net profit of Rs. 3,583.67 lakh for the year ended March 31, 2025, compared to a loss in the previous year. Revenue from operations was nil this year versus Rs. 22 lakh earlier, while other income stood at Rs. 42.88 lakh. Total expenses rose to Rs. 69.86 lakh, mainly driven by higher depreciation and other expenses. The balance sheet shows substantial growth in capital work-in-progress to Rs. 8,853.67 lakh and borrowings at Rs. 6,043.69 lakh. The company’s cash balance declined to Rs. 55.11 lakh from Rs. 304.75 lakh. Statutory auditors issued an unmodified opinion. Ms. Himabindu Nandigam resigned as Company Secretary and Compliance Officer to pursue other opportunities.