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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 28-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-May-2025
Description of presentation currency INR (in Actuals)
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-May-2025   15:00:00
End date and time of board meeting 28-May-2025   15:30:00
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
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 671914000 2160416000
Other income 16744000 66204000
Total income 688658000 2226620000
2 Expenses
(a) Cost of materials consumed 188837000 735235000
(b) Purchases of stock-in-trade 237801000 824293000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 46283000 23477000
(d) Employee benefit expense 27927000 110368000
(e) Finance costs 5951000 12418000
(f) Depreciation, depletion and amortisation expense 6397000 24307000
(f) Other Expenses
1 Other Expenses 78042000 218152000
Total other expenses 78042000 218152000
Total expenses 591238000 1948250000
3 Total profit before exceptional items and tax 97420000 278370000
4 Exceptional items 0 0
5 Total profit before tax 97420000 278370000
6 Tax expense
7 Current tax 22226000 68377000
8 Deferred tax -4278000 -5256000
9 Total tax expenses 17948000 63121000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 79472000 215249000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 79472000 215249000
17 Other comprehensive income net of taxes 617000 246000
18 Total Comprehensive Income for the period 80089000 215495000
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 191150000 191150000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 2396736000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.16 11.26
Diluted earnings (loss) per share from continuing operations 4.16 11.26
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 4.16 11.26
Diluted earnings (loss) per share from continuing and discontinued operations 4.16 11.26
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
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 183525000
Capital work-in-progress 0
Investment property 129209000
Goodwill 0
Other intangible assets 1657000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 271778000
Trade receivables, non-current 0
Loans, non-current 558583000
Other non-current financial assets 11829000
Total non-current financial assets 842190000
Deferred tax assets (net) 50665000
Other non-current assets 0
Total non-current assets 1207246000
2 Current assets
Inventories 702272000
Current financial asset
Current investments 0
Trade receivables, current 991216000
Cash and cash equivalents 2959000
Bank balance other than cash and cash equivalents 3999000
Loans, current 0
Other current financial assets 46062000
Total current financial assets 1044236000
Current tax assets (net) 56381000
Other current assets 0
Total current assets 1802889000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 3010135000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 191150000
Other equity 2396736000
Total equity attributable to owners of parent 2587886000
Non controlling interest
Total equity 2587886000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 21642000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 38478000
Total non-current financial liabilities 60120000
Provisions, non-current 0
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 60120000
Current liabilities
Current financial liabilities
Borrowings, current 143189000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 48675000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 117925000
Total Trade payable 166600000
Other current financial liabilities 12721000
Total current financial liabilities 322510000
Other current liabilities 33188000
Provisions, current 1995000
Current tax liabilities (Net) 4436000
Deferred government grants, Current 0
Total current liabilities 362129000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 422249000
Total equity and liabilites 3010135000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts 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 250333000 744894000
2 Lighting & Fittings 204923000 717185000
3 Accessories and others 216657000 698337000
Total Segment Revenue 671913000 2160416000
Less: Inter segment revenue 0 0
Revenue from operations 671913000 2160416000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Wires and cables 34336000 124181000
2 Lighting & Fittings 53899000 158781000
3 Accessories and others 83420000 209466000
Total Profit before tax 171655000 492428000
i. Finance cost 5951000 5951000
ii. Other Unallocable Expenditure net off Unallocable income 68283000 68283000
Profit before tax 97421000 278371000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Wires and cables 186769000 186769000
2 Lighting & Fittings 299515000 299515000
3 Accessories and others 207990000 207990000
Total Segment Asset 694274000 694274000
Un-allocable Assets 2315863000 2315863000
Net Segment Asset 3010137000 3010137000
4 Segment Liabilities
Segment Liabilities
1 Wires and cables 36418000 36418000
2 Lighting & Fittings 58794000 58794000
3 Accessories and others 48110000 48110000
Total Segment Liabilities 143322000 143322000
Un-allocable Liabilities 278928000 278928000
Net Segment Liabilities 422250000 422250000
Disclosure of notes on segments



Other Comprehensive Income
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
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 830000 331000
Total Amount of items that will not be reclassified to profit and loss 830000 331000
2 Income tax relating to items that will not be reclassified to profit or loss 213000 85000
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 617000 246000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 278370000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 12418000
Adjustments for decrease (increase) in inventories -3768000
Adjustments for decrease (increase) in trade receivables, current -75580000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -7985000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 2991000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 43025000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -216000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 24307000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss -171000
Adjustments for provisions, current 1390000
Adjustments for provisions, non-current 11047000
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 9445000
Adjustments for interest income 43267000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -10797000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 8264000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -47787000
Net cash flows from (used in) operations 230583000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 71757000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 158826000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 3100000
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 87758000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 9445000
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -151265000
Net cash flows from (used in) investing activities -232678000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings -38575000
Payments of lease liabilities 2831000
Dividends paid 19115000
Interest paid 10539000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 6090000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -67762000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -67762000
Cash and cash equivalents cash flow statement at beginning of period 0
Cash and cash equivalents cash flow statement at end of period -67762000





Details of Impact of Audit Qualification
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-Jul-2027


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 Ltd. V1 Infradevelopers Private Ltd. Enterprises Owned or significantly influenced by KMP and or their Relative: Sale of goods or services 18000 Approved 18000 204000 221000
2 Veto Switchgears and cables Ltd. V1 Infradevelopers Private Ltd. Enterprises Owned or significantly influenced by KMP and or their Relative: Purchase of goods or services 0 Approved 0 0 0
3 Veto Switchgears and cables Ltd. V1 Infradevelopers Private Ltd. Enterprises Owned or significantly influenced by KMP and or their Relative: Any other transaction Rent Received (Including GST) 5031000 Approved 5031000 39921000 44952000
4 Veto Switchgears and cables Ltd. Akshay Kumar Gurnani Executive Director Remuneration 0 Approved 0 0 0
5 Veto Switchgears and cables Ltd. Akshay Kumar Gurnani Executive Director Any other transaction Travelling expense for Business -170000 Approved -170000 250000 80000
6 Veto Switchgears and cables Ltd. Anjali Packing Enterprises Owned or significantly influenced by KMP and or their Relative: Purchase of goods or services 22000 Approved 22000 0 22000
7 Veto Switchgears and cables Ltd. Gurnani Infra Developers Pvt Ltd Enterprises Owned or significantly influenced by KMP and or their Relative: Any other transaction Rent paid (Including GST) 0 Approved 0 0 0
8 Veto Switchgears and cables Ltd. Hari krishan motwani Non-Executive-Independent Director Any other transaction Sitting Fees 0 Approved 0 12000 12000
9 Veto Switchgears and cables Ltd. Jyoti Gurnani Non-Executive Director Remuneration 0 Approved 0 43000 43000
10 Veto Switchgears and cables Ltd. Kanwar Jeet Singh Non-Executive-Independent Director Any other transaction Sitting Fees 29000 Approved 29000 -29000 0
11 Veto Switchgears and cables Ltd. Kripa Realmart Pvt Ltd Enterprises Owned or significantly influenced by KMP and or their Relative: Any other transaction Rent paid (Including GST) -60000 Approved -60000 60000 0
12 Veto Switchgears and cables Ltd. Narain Das Gurnani Executive Directors Remuneration 15000 Approved 15000 65000 80000
13 Veto Switchgears and cables Ltd. Pusha Devi Gurnani Promoter Group Remuneration 0 Approved 0 46000 46000
14 Veto Switchgears and cables Ltd. Sanjeev Kumar Dass Non-Executive-Independent Director Any other transaction Sitting Fees 0 Approved 0 0 0
15 Veto Switchgears and cables Ltd. Vankon Modular Pvt. Ltd. Subsidiary Any other transaction Interest Received 0 Approved 0 0 0
16 Veto Switchgears and cables Ltd. Vankon Modular Pvt. Ltd. Subsidiary Loan 8409000 Approved 8409000 216775000 225183000
17 Veto Switchgears and cables Ltd. Vankon Modular Pvt. Ltd. Subsidiary Any other transaction Purchase and Sales -3015000 Approved -3015000 3218000 168000
18 Veto Switchgears and cables Ltd. Varsha Ranee choudhary Key management personne Remuneration 0 Approved 0 0 0
19 Veto Switchgears and cables Ltd. Veto Electricals Pvt Ltd Wholly Owned Subsidiary Interest received -33406000 Approved -33406000 107004000 73598000
20 Veto Switchgears and cables Ltd. Veto Electricals Pvt Ltd Wholly Owned Subsidiary Any other transaction Loan Received Back 0 Approved 0 0 0
21 Veto Switchgears and cables Ltd. Veto Electropowers Pvt Ltd Promoter Any other transaction Rent paid (Including GST) -1078000 Approved -1078000 1078000 0
22 Veto Switchgears and cables Ltd. Veto Led Lighting Pvt Ltd Wholly Owned Subsidiary Interest received 0 Approved 0 0 0
23 Veto Switchgears and cables Ltd. Veto Led Lighting Pvt Ltd Wholly Owned Subsidiary Loan 14195000 Approved 14195000 147578000 161772000
24 Veto Switchgears and cables Ltd. Viamal Power Cables Pvt. Ltd Enterprises Owned or significantly influenced by KMP and or their Relative: Any other transaction Rent paid (Including GST) 27000 Approved 27000 108000 81000
25 Veto Switchgears and cables Ltd. Kritika Todwal Key management personne Remuneration 16000 Approved 16000 31000 48000
Total value of transaction during the reporting period -9967000