Integrated Filing — IndAS



General information about company

Scrip Code 544923
NSE Symbol VEEGALAND
MSEI Symbol NOTLISTED
ISIN INE1JTV01015
Name of company Veegaland Developers Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 06-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 28-09-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Residential Real Estate
Start date and time of board meeting 06-10-2026   10:00:00
End date and time of board meeting 06-10-2026   14:45:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
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
Company has not defaulted on Loans or Debt Securities for the quarter



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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 7,432.18 7,432.18
Other income 129.76 129.76
Total income 7,561.94 7,561.94
2 Expenses
(a) Cost of materials consumed 4,768.87 4,768.87
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 563.84 563.84
(d) Employee benefit expense 221.88 221.88
(e) Finance costs 110.17 110.17
(f) Depreciation, depletion and amortisation expense 22.16 22.16
(f) Other Expenses
1 Total other expenses 576.12 576.12
Total other expenses 576.12 576.12
Total expenses 6,263.04 6,263.04
3 Total profit before exceptional items and tax 1,298.90 1,298.90
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,298.90 1,298.90
6 Tax expense
7 Current tax 306.50 306.50
8 Deferred tax 20.08 20.08
9 Total tax expenses 326.58 326.58
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 972.32 972.32
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 972.32 972.32
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 972.32 972.32
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 3,375.00 3,375.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.88 2.88
Diluted earnings (loss) per share from continuing operations 2.88 2.88
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 2.88 2.88
Diluted earnings (loss) per share from continuing and discontinued operations 2.88 2.88
24 Debt equity ratio 26.00 26.00
25 Debt service coverage ratio 867.00 867.00
26 Interest service coverage ratio 1279.00 1279.00
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to unaudited financial results for the quarter ended 30 June 2026 1) The above Statement of Unaudited Financial Results (“the Statement”) of Veegaland Developers Limited (the Company) has been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 5 October 2026 and 6 October 2026 respectively. The statutory auditors of the Company have carried out limited review of the results for the quarter ended 30 June 2026. 2) The Statement has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34) “Interim Financial Reporting” as prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the ‘Listing Regulations’). 3) Subsequent to the quarter ended 30 June 2026, the Company completed its Initial Public Offering (IPO) of 1,50,00,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 140 per equity share. The equity shares of the Company were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on 18 September 2026. Accordingly, the Statement is the first Statement of Unaudited Financial Results reported by the Company in accordance with the Listing Regulations. 4) During the quarter ended 30 September 2025, the Board of Directors, at its meeting held on 21 August 2025, allotted 17,50,000 Equity Shares of face value of Rs. 10 each (“Equity Shares”) under Rights Issue at an issue price of Rs. 1,000 per Equity Share. Subsequently, pursuant to the approval of the shareholders accorded on 22 September 2025, allotted 2,70,00,000 fully paid-up Equity Shares as bonus shares in the ratio of 4:1, i.e., four bonus Equity Shares for every one Equity Share held by the eligible shareholders on the Record Date. 5) The figures for the quarter ended 30 June 2025 have been compiled by management in accordance with the recognition and measurement principles of Ind AS 34 Interim Financial Reporting and have not been subjected to review or audit by the Statutory Auditors. However, management has exercised necessary due diligence to ensure that these figures provide a true and fair view of the Company's affairs. 6) The figures for the quarter ended 31 March 2026 represents the balancing figures between the audited figures for the full financial year ended 31 March 2026 and the unpublished audited figures for the nine months ended 31 December 2025. 7) The Chief Operating Decision Maker (CODM) reviews the Company's operations as a single business segment, namely real estate development and allied activities, all of which are carried out in India. Accordingly, management has concluded that the Company has only one reportable segment under Ind AS 108 Operating Segments, and the entity-wide disclosures presented in these financial statements satisfy the requirements of the Standard. 8) The Statement is available on the BSE Limited website (URL: www.bseindia.com), the National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the Company's website (URL: https://www.veegaland.com). 9) Previous period/year figures have been regrouped/rearranged, wherever considered necessary, to conform to the classification/disclosure adopted in the current period/year and such regrouping/ reclassification are not material.



Remarks

Debt equity ratio
Debt service coverage ratio EBIT Covers Debt Service requirements 8.67 times
Interest service coverage ratio EBIT Covers Finance Cost 12.79 times


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 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
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
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
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 0.00 0.00
5 Total Other comprehensive income 0.00 0.00