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Vashu Bhagnani Industries Limited reported a consolidated revenue from operations of Rs 14.42 crore for the financial year ended March 31, 2026, down from Rs 15.99 crore in the prior year, according to audited results approved by its board. Consolidated profit after tax declined nearly 50 percent to Rs 3.13 crore from Rs 6.25 crore a year earlier, the regulatory filing showed. The fourth quarter produced a consolidated net loss of Rs 2.31 crore on revenue of Rs 2.31 crore for the period. Other income for the full year included Rs 2.41 crore from sundry credit balances written back, a one-time non-operating item that the Trade Brains analysis noted inflated the headline profit.
The board meeting on April 10, 2026, also cleared a direct listing of the company’s equity shares on the National Stock Exchange of India without a fresh public offer, the filing stated. Directors appointed Ashish Radheyshyam Goyal as an additional non-executive independent director for five years effective from that date. These corporate actions accompanied the financial approvals and were disclosed in the exchange filing that followed the session held between 5 pm and 7:30 pm.
In the same session the board authorised overseas investments of up to Rs 50 crore in one or more tranches directed at construction and real estate development projects in the United Kingdom, according to the company announcement. For an entertainment firm posting Rs 14.42 crore in annual revenue the allocation equals roughly 3.5 times operating revenue for FY26, the Trade Brains report calculated. Specific project details and counterparties remain subject to further identification and will be disclosed upon finalisation, the filing indicated.
Vashu Bhagnani Industries Limited, incorporated in 1986 and formerly known as Pooja Entertainment and Films Ltd, engages in film production, co-production and distribution across theatrical, television and digital platforms, the company has stated on its records. The Mumbai-headquartered entity maintains a wholly owned subsidiary called Modern Production FZ LLC based in the UAE that is included in the consolidated financials. A domestic partnership firm, Pooja Leisure and Lifestyle, forms part of the group structure as well.
A clerical error identified in the UAE subsidiary statements during the audit prompted a follow-up board meeting on April 16, 2026, to approve revised consolidated accounts, Univest reported. The correction ensured the statements presented a true and fair view without altering the standalone results. In a subsequent development the company invested nearly Rs 101 million in the UAE unit by May 2026, according to MarketScreener compilations of regulatory updates.
The company’s shares closed at Rs 84.50 on the trading day after the April 10 announcement, registering a 1.03 percent decline from the prior close of Rs 85.38, Trade Brains data showed. The stock carried a price-to-earnings ratio of 169.54 at that level. The board received an unmodified audit opinion on the FY26 results, which had been reviewed by the audit committee prior to approval.
