Vedavaag Systems Promoter Creates Pledge on 7,50,000 Equity Shares for Working Capital Security

Vedavaag systems has announced the creation of a pledge on 7,50,000 equity shares by its promoter Murali Krishna Jonnavittula, as disclosed to BSE Limited under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Pledge Details The pledge was created on February 18, 2026, with the shares being encumbered in favor of Hindustan Agrigenetics Limited. The transaction serves as security against a working capital loan provided to the company. Parameter: Details Shares Pledged: 7,50,000 equity shares Percentage of Total Capital: 3.20% Date of Creation: February 18, 2026 Beneficiary: Hindustan Agrigenetics Limited Purpose: Security against working capital loan Promoter Holdings Overview Murali Krishna Jonnavittula's shareholding pattern shows significant involvement in the company's equity structure. His total holding and encumbrance details provide insight into the promoter's financial arrangements. Holding Details: Number of Shares Percentage Total Promoter Holding: 45,98,712 19.60% Previously Encumbered: 17,50,000 7.46% Current Pledge: 7,50,000 3.20% Total Encumbered Holdings: 25,00,000 10.65% Regulatory Compliance The disclosure was made in accordance with SEBI regulations governing substantial acquisition of shares and takeovers. The promoter filed the necessary documentation with BSE Limited, where Vedavaag Systems Limited shares are listed under scrip code 533056. The formal disclosure was signed by Murali Krishna Jonnavittula on February 21, 2026, from Hyderabad, ensuring compliance with regulatory timelines for such encumbrance notifications. Vedavaag Systems Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following a board meeting held on February 13, 2026. The Hyderabad-based technology company operates primarily in IT & ITES services and System Integration segments. Board Meeting and Regulatory Compliance The board meeting commenced at 4:00 PM and concluded at 5:20 PM on February 13, 2026. The directors considered and approved the unaudited standalone and consolidated financial results, along with noting the Limited Review Reports issued by M/s Pary & Co., Chartered Accountants. The company also addressed the statement of deviations in the use of proceeds from the preferential issue of convertible warrants under Regulation 32 of SEBI regulations. Meeting Details Information Meeting Date February 13, 2026 Duration 4:00 PM to 5:20 PM Statutory Auditors M/s Pary & Co., Chartered Accountants Scrip Code 533056 ISIN INE359B01010 Standalone Financial Performance The company's standalone operations showed the following performance for the quarter ended December 31, 2025: Metric Q3FY26 Q3FY25 Change (%) Revenue ₹1,742.27 lakhs ₹1,921.56 lakhs -9.33% Net Profit ₹101.88 lakhs ₹201.42 lakhs -49.41% Basic EPS ₹0.43 ₹0.88 -51.14% For the nine-month period ended December 31, 2025, standalone revenue was ₹6,202.94 lakhs compared to ₹5,498.08 lakhs in the corresponding previous period, representing a growth of 12.83%. Net profit for the nine-month period stood at ₹373.82 lakhs versus ₹570.45 lakhs in the previous year. Consolidated Financial Results The consolidated performance demonstrated stronger numbers across key metrics: Metric Q3FY26 Q3FY25 Change (%) Revenue ₹2,642.42 lakhs ₹2,948.64 lakhs -10.38% Net Profit ₹162.34 lakhs ₹315.36 lakhs -48.52% Basic EPS ₹0.69 ₹1.38 -50.00% For the nine-month consolidated period, revenue reached ₹7,915.55 lakhs compared to ₹7,681.80 lakhs in the previous year, showing growth of 3.04%. Consolidated net profit for nine months was ₹499.78 lakhs against ₹792.20 lakhs in the corresponding previous period. Segment-wise Performance The company's operations are divided into two main segments: Segment Q3FY26 Revenue 9M FY26 Revenue IT and ITES ₹2,668.71 lakhs ₹7,121.44 lakhs System Integration ₹(26.29) lakhs ₹794.11 lakhs The IT and ITES segment continues to be the primary revenue driver, while the System Integration segment showed negative revenue in Q3FY26 but contributed positively over the nine-month period. Financial Position and Warrant Utilization As of December 31, 2025, the company maintained a paid-up equity share capital of ₹2,346.42 lakhs with a face value of ₹10 per share. Total reserves on a standalone basis stood at ₹11,559.79 lakhs, while consolidated reserves were ₹12,957.45 lakhs. Regarding the utilization of proceeds from convertible warrants, the company utilized ₹2,25,000 towards working capital purposes during the quarter ended December 31, 2025. An amount of ₹23,381.40 remains unutilized from the proceeds of the preferential issue of convertible warrants, which will be utilized in accordance with the stated objects of the issue. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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