Integrated Filing — IndAS



General information about company

Scrip Code 539331
NSE Symbol VETO
MSEI Symbol NOTLISTED
ISIN INE918N01018
Name of company VETO SWITCHGEARS AND CABLES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 28-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 25-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 28-05-2026   15:00:00
End date and time of board meeting 28-05-2026   18:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public Yes
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. Yes
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? No
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
NOT MANDATORY



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 7,479.27 24,653.84
Other income 177.24 745.21
Total income 7,656.51 25,399.05
2 Expenses
(a) Cost of materials consumed 2,233.33 7,909.50
(b) Purchases of stock-in-trade 3,106.91 10,292.40
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 45.39 (252.57)
(d) Employee benefit expense 319.15 1,182.93
(e) Finance costs 35.29 144.58
(f) Depreciation, depletion and amortisation expense 84.06 335.58
(f) Other Expenses
1 other expenses 761.15 2,623.92
Total other expenses 761.15 2,623.92
Total expenses 6,585.28 22,236.34
3 Total profit before exceptional items and tax 1,071.23 3,162.71
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,071.23 3,162.71
6 Tax expense
7 Current tax 295.60 866.42
8 Deferred tax (24.47) (86.94)
9 Total tax expenses 271.13 779.48
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 800.10 2,383.23
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 800.10 2,383.23
17 Other comprehensive income net of taxes 3.60 2.19
18 Total Comprehensive Income for the period 803.70 2,385.42
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,911.50 1,911.50
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.19 12.47
Diluted earnings (loss) per share from continuing operations 4.19 12.47
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 4.19 12.47
Diluted earnings (loss) per share from continuing and discontinued operations 4.19 12.47
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 1,692.18
Capital work-in-progress 0.00
Investment property 1,269.69
Goodwill 0.00
Other intangible assets 0.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 2,717.78
Trade receivables, non-current 0.00
Loans, non-current 7,737.59
Other non-current financial assets
1 Other financial assets 139.26
Total of other non-current financial assets 139.26
Total non-current financial assets 10,594.63
Deferred tax assets (net) 592.85
Other non-current assets
Total of other non-current assets
Total non-current assets 14,149.35
2 Current assets
Inventories 6,933.82
Current financial asset
Current investments 0.00
Trade receivables, current 10,278.62
Cash and cash equivalents 32.95
Bank balance other than cash and cash equivalents 42.13
Loans, current 0.00
Other current financial assets
Total of other current financial assets 527.63
Total current financial assets 10,881.33
Current tax assets (net)
Other current assets
1 Other current assets 4,091.02
Total of other current assets 4,091.02
Total current assets 21,906.17
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 36,055.52
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,911.50
Other equity 26,161.57
Total equity attributable to owners of parent 28,073.07
Non controlling interest
Total equity 28,073.07
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 164.97
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Other non-current financial liabilities 381.01
Total of other non-current financial liabilities 381.01
Total non-current financial liabilities 545.98
Provisions, non-current 0.00
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 0.00
Total of other non-current liabilities 0.00
Total non-current liabilities 545.98
Current liabilities
Current financial liabilities
Borrowings, current 1,040.28
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,567.24
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 649.57
Total Trade payable 2,216.81
Other current financial liabilities
1 Other current financial liabilities 129.62
Total of other current financial liabilities 129.62
Total current financial liabilities 3,386.71
Other current liabilities 3,990.31
1 Other current liabilities 3,990.31
Total of other current liabilities 3,990.31
Provisions, current 23.82
Current tax liabilities (Net) 35.63
Deferred government grants, Current 0.00
Total current liabilities 7,436.47
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 7,982.45
Total equity and liabilites 36,055.52
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Wires and cables 2,227.39 8,027.32
2 Lighting & Fittings 2,549.65 8,590.21
3 Accessories and others 2,702.22 8,036.30
Total Segment Revenue 7,479.26 24,653.83
Less: Inter segment revenue 0.00 0.00
Revenue from operations 7,479.26 24,653.83
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Wires and cables 746.95 1,864.54
2 Lighting & Fittings 466.50 1,668.11
3 Accessories and others 602.55 2,130.96
Total Profit before tax 1,816.00 5,663.61
i. Finance cost 35.29 144.58
ii. Other Unallocable Expenditure net off Unallocable income 709.48 2,356.33
Profit before tax 1,071.23 3,162.70
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Wires and cables 2,412.22 2,412.22
2 Lighting & Fittings 2,382.93 2,382.93
3 Accessories and others 2,042.61 2,042.61
Total Segment Asset 6,837.76 6,837.76
Un-allocable Assets 29,217.79 29,217.79
Net Segment Asset 36,055.55 36,055.55
4 Segment Liabilities
Segment Liabilities
1 Wires and cables 440.46 440.46
2 Lighting & Fittings 1,073.15 1,073.15
3 Accessories and others 640.97 640.97
Total Segment Liabilities 2,154.58 2,154.58
Un-allocable Liabilities 5,827.88 5,827.88
Net Segment Liabilities 7,982.46 7,982.46
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement of the defined benefit plan 4.82 2.93
Total Amount of items that will not be reclassified to profit and loss 4.82 2.93
2 Income tax relating to items that will not be reclassified to profit or loss 1.22 0.74
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 3.60 2.19



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 3,162.71
Adjustments for reconcile profit (loss)
Adjustments for finance costs 144.58
Adjustments for decrease (increase) in inventories 88.90
Adjustments for decrease (increase) in trade receivables, current (563.12)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (946.12)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (20.40)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 550.81
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 1,077.30
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 335.58
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 40.23
Adjustments for provisions, non-current 82.85
Adjustments for other financial liabilities, current (17.25)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 593.78
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 88.41
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (42.63)
Other adjustments for non-cash items 113.81
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 162.35
Net cash flows from (used in) operations 3,325.06
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 881.27
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 2,443.79
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 65.80
Purchase of property, plant and equipment 176.71
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (1,539.31)
Net cash flows from (used in) investing activities (1,650.22)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings (443.06)
Repayments of borrowings 0.00
Payments of lease liabilities 18.27
Dividends paid 191.15
Interest paid 137.71
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (790.19)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 3.38
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 3.38
Cash and cash equivalents cash flow statement at beginning of period 29.59
Cash and cash equivalents cash flow statement at end of period 32.97





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 SGCO & CO.LLP Yes 31-07-2027


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Veto Switchgears and Cables Limited V1 Infradevelopers Private Limited Enterprises Owned or significantly influenced by KMP and or their Relative: Sale of goods or services 1.23 Approved 1.23 2.23 2.71
2 Veto Switchgears and Cables Limited V1 Infradevelopers Private Limited Enterprises Owned or significantly influenced by KMP and or their Relative: Any other transaction Payable 0.00 Approved 0.00 0.00 0.00
3 Veto Switchgears and Cables Limited V1 Infradevelopers Private Limited Enterprises Owned or significantly influenced by KMP and or their Relative: Any other transaction Rent received 36.74 Approved 36.74 495.38 516.53
4 Veto Switchgears and Cables Limited Akshay Kumar Gurnani Executive Director Any other transaction Travelling Expenses 3.62 Approved 3.62 0.00 0.00
5 Veto Switchgears and Cables Limited Akshay Kumar Gurnani Executive Director Remuneration 18.00 Approved 18.00 (0.31) 2.40
6 Veto Switchgears and Cables Limited Anjali Packing Enterprises Owned or significantly influenced by KMP and or their Relative: Any other transaction Trade Payables 0.21 Approved 0.21 0.00 0.00
7 Veto Switchgears and Cables Limited Gurnani Infra Developers Private Limited Enterprises Owned or significantly influenced by KMP and or their Relative: Any other transaction Rent Paid 0.00 Approved 0.00 0.00 0.00
8 Veto Switchgears and Cables Limited Hari Krishan Motwani Non-Executive-Independent Director Any other transaction Sitting Fees 0.00 Approved 0.00 0.12 0.00
9 Veto Switchgears and Cables Limited Jyoti Gurnani Non-Executive Director Remuneration 3.00 Approved 3.00 (0.32) 0.34
10 Veto Switchgears and Cables Limited Kanwar Jeet Singh Non-Executive-Independent Director Any other transaction Sitting Fees 0.00 Approved 0.00 0.00 0.00
11 Veto Switchgears and Cables Limited Kripa Realmart Private Limited Enterprises Owned or significantly influenced by KMP and or their Relative: Any other transaction Rent Paid 0.00 Approved 0.00 0.00 0.00
12 Veto Switchgears and Cables Limited Narain Das Gurnani Executive Directors Remuneration 6.00 Approved 6.00 0.80 0.80
13 Veto Switchgears and Cables Limited Pushpa Devi Gurnani Promoter Group Remuneration 3.00 Approved 3.00 0.46 0.46
14 Veto Switchgears and Cables Limited Sanjeev Kumar Dass Non-Executive-Independent Director Any other transaction Sitting Fees 0.00 Approved 0.00 0.00 0.00
15 Veto Switchgears and Cables Limited Vankon Modular Private Limited Subsidiary Loan 0.00 Approved 0.00 0.00 0.00
16 Veto Switchgears and Cables Limited Vankon Modular Private Limited Subsidiary Loan 117.04 Approved 117.04 2,339.93 2,048.48
17 Veto Switchgears and Cables Limited Vankon Modular Private Limited Subsidiary Any other transaction Purchases 0.12 Approved 0.12 0.14 0.18
18 Veto Switchgears and Cables Limited Varsha Ranee Choudhary Key Management Personnal Remuneration 0.00 Approved 0.00 0.00 0.00
19 Veto Switchgears and Cables Limited Veto Electricals Private Limited Wholly Owned Subsidiary Any other transaction Loan Received 1,156.52 Approved 1,156.52 842.05 1,048.46
20 Veto Switchgears and Cables Limited Veto Electricals Private Limited Wholly Owned Subsidiary Any other transaction Interest Received 0.00 Approved 0.00 0.00 0.00
21 Veto Switchgears and Cables Limited Veto Electropowers (India) Private Limited Promoter Any other transaction Rent Paid 0.57 Approved 0.57 0.71 (0.42)
22 Veto Switchgears and Cables Limited Veto LED Lighting Private Limited Wholly Owned Subsidiary Interest received 0.00 Approved 0.00 0.00 0.00
23 Veto Switchgears and Cables Limited Veto LED Lighting Private Limited Wholly Owned Subsidiary Loan 203.45 Approved 203.45 1,755.56 1,950.38
24 Veto Switchgears and Cables Limited Vimal Power cables Pvt Ltd Enterprises Owned or significantly influenced by KMP and or their Relative: Any other transaction Rent Paid 1.77 Approved 1.77 2.43 0.00
25 Veto Switchgears and Cables Limited Kritika Todwal Key Management Personnal Remuneration 2.45 Approved 2.45 (0.70) (0.35)
26 Veto Switchgears and Cables Limited VNB Appliances Pvt Ltd Subsidiary Any other transaction Loans Given 1,613.21 Approved 1,613.21 1,539.54 1,456.30
27 Veto Switchgears and Cables Limited VNB Appliances Pvt Ltd Subsidiary Any other transaction Purchases 544.14 Approved 544.14 27.83 51.48
28 Veto Switchgears and Cables Limited Veto Polytech Pvt Ltd Subsidiary Any other transaction Loans Given 167.63 Approved 167.63 1,072.31 1,234.09
Total value of transaction during the reporting period 3,878.70