V R Woodart News

Megamont Limited Director Nidhi Kirti Bhatt Resigns

Megamont Limited announces resignation of Director Mr. Nidhi Kirti Bhatt effective February 16, 2026, citing personal reasons with no material circumstances connected to departure.

VR Woodart Limited's Statutory Auditor Resigns Due to Pre-occupation with Other Assignments

VR Woodart Limited announced the resignation of its statutory auditor, M/s Thakur, Vaidyanath Aiyar & Co, Chartered Accountants, effective November 12, 2025. The auditing firm cited pre-occupation with other assignments as the reason for resignation. The auditor was originally appointed on September 19, 2022, for a five-year term scheduled to expire on March 31, 2027. Before resigning, the firm completed and issued a Limited Review Report dated November 11, 2025, for the company's unaudited financial results for the quarter and half year ended September 30, 2025. The auditor confirmed there were no other material reasons for the resignation and no concerns were raised with the Audit Committee or Board of Directors prior to resignation.

VR Woodart Allots 1.4 Crore Equity Shares and 45 Lakh Warrants on Preferential Basis

VR Woodart Limited's Board approved the allotment of 1,39,90,000 equity shares at Rs 22 per share and 44,80,000 convertible warrants at Rs 22 per warrant on preferential basis. The allotment was made to Minal Gaurav Patil (62.1 lakh shares, 20.4 lakh warrants), Mounica Maddukuri (62.1 lakh shares, 20.4 lakh warrants), and Synergy Techno Eco Consultancy Pvt Ltd (10 lakh shares). The company reported a net loss of Rs 64.59 lakh for the half year ended September 30, 2025, compared to Rs 3.85 lakh loss in the previous year. The company has limited operations with no revenue from operations and negative other equity of Rs 1,766.25 lakh. The auditors noted that the company's net worth has been completely eroded and operations are limited, though accounts are prepared on going concern basis.