General information about company
Scrip code*		526775
NSE Symbol*		NOTLISTED
MSEI Symbol*		NOTLISTED
ISIN*		INE760B01019
Name of company		Valiant Communications 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		03-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange		22-01-2026
Description of presentation currency		INR
Level of rounding		Lakhs
Reporting Type		Quarterly
Reporting Quarter		Third 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		Unaudited
Segment Reporting		Geographical
Description of single segment
Start date and time of board meeting		03-02-2026 11:00
End date and time of board meeting		03-02-2026 12:35
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?		Yes
No. of times funds raised during the quarter		1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No	Not Applicable

Financial Results – Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-10-2025	01-04-2025
Date of end of reporting period		31-12-2025	31-12-2025
Whether results are audited or unaudited		Unaudited	Unaudited
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	2193.89	6012.28
	Other income	43.77	106.74
	Total income	2237.66	6119.02
2	Expenses
(a)	Cost of materials consumed	812.73	1945.42
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-28.28	107.42
(d)	Employee benefit expense	292.57	741.18
(e)	Finance costs	4.46	13.66
(f)	Depreciation, depletion and amortisation expense	72.42	209.58
(g)	Other Expenses
1	Other expenses	337.94	1092.65
	Total other expenses	337.94	1092.65
	Total expenses	1491.84	4109.91
3	Total profit before exceptional items and tax	745.82	2009.11
4	Exceptional items	0	0
5	Total profit before tax	745.82	2009.11
6	Tax expense
7	Current tax	191.68	511.7
8	Deferred tax	-0.15	-1.66
9	Total tax expenses	191.53	510.04
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	554.29	1499.07
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	554.29	1499.07
17	Other comprehensive income net of taxes	-1.59	-3.47
18	Total Comprehensive Income for the period	552.7	1495.6
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	1144.21	1144.21
	Face value of equity share capital	10	10
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	4.84	13.1
	Diluted earnings (loss) per share from continuing operations	4.84	13.1
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
iii	Earnings per equity share (for continuing and discontinued operations)
	Basic earnings (loss) per share from continuing and discontinued operations	4.84	13.1
	Diluted earnings (loss) per share from continuing and discontinued operations	4.84	13.1
24	Debt equity ratio			Textual Information( 1)
25	Debt service coverage ratio			Textual Information( 2)
26	Interest service coverage ratio			Textual Information( 3)
27	Disclosure of notes on financial results	Textual Information(4)

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Textual Information(4)

Notes:

1. The standalone unaudited financial results for the quarter ended Dec. 31, 2025 ('the Statement') were reviewed by the Audit Committee and approved by the Board of Directors of Valiant Communications Ltd. ('the Company') at its meeting held on February 3, 2026. These financial results have been subject to limited review by the statutory auditors of the Company.

2. Financial results for all the periods presented, have been prepared in accordance with the recognition and measurement principles of Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.

3. The Ministry of Labour & Employment has notified the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as "the Labour Codes") on 21-11-2025. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to the changes. The existing emolument structure of the Company is broadly in the compliance with the Labour Codes. Therefore, the Board does not foresee any significant impact of the execution of the Labour Codes. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Codes and would provide appropriate accounting effect on the basis of such developments as needed.

4. The Company has allotted 38,14,030 fully paid-up Bonus Equity Shares of the face value of Rs. 10/- each in the ratio of one new fully paid-up bonus equity share for every two existing Equity Shares, held by the shareholders of the Company on record date of 10-10-2025. This has been considered for calculating weighted average number of equity shares for all comparative periods presented as per Ind AS 33. In line with the above, EPS (basic and diluted) have been adjusted for all the periods presented.

5. The Board of Directors of the Company, in their meeting held on 16-10-2025 have approved an issuance of 6,00,000 Warrants, each are convertible into fully paid-up Equity Shares of the Company, on preferential basis to the ‘Non-Promoter’ category, up to an amount of Rs. 4,608 Lacs, at an issuance price of Rs. 768/- per Warrants (derived pursuant to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018). Equity shares issued upon exercise of Warrants, shall rank pari-passu to existing equity shares of the Company. The shareholders of the Company, by way of postal ballot, approved the issuance of Warrants on preferential basis. During the quarter under reporting, the Company has received an aggregate consideration of Rs. 1,152 Lacs towards minimum 25% of the total consideration of the Warrants.

6. Figures for the previous period have been regrouped / re-classified to conform to the figures of the current period, if required.

7. The Limited Review as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been completed by Statutory Auditors. The Limited Review for the quarter ended Dec. 31, 2025, does not have any impact on the above results.

8. The results for the quarter and nine months ended Dec, 31, 2025 are available on webportal of the BSE Limited, www.bseindia.com and on the Company's website, www.valiantcom.com

For Valiant Communications Limited
Inder Mohan Sood
Managing Director
Director Identification Number: 00001758
New Delhi, February 3, 2026

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		01-10-2025	01-04-2025
Date of end of reporting period		31-12-2025	31-12-2025
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)
1	India	1983.38	5076.48
2	USA	28.2	213.55
3	Euope	67.99	358.49
4	Rest of the world	114.32	363.76
	Total Segment Revenue	2193.89	6012.28
	Less: Inter segment revenue	0	0
	Revenue from operations	2193.89	6012.28
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	India	1274.2	3340.33
2	USA	18.12	141.75
3	Euope	43.68	236.93
4	Rest of the world	73.44	240.43
	Total Profit before tax	1409.44	3959.44
	i. Finance cost	4.46	13.66
	ii. Other Unallocable Expenditure net off Unallocable income	659.16	1936.67
	Profit before tax	745.82	2009.11
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	India	9242.49	9242.49
2	USA	0	0
3	Euope	0	0
4	Rest of the world	0	0
	Total Segment Asset	9242.49	9242.49
	Un-allocable Assets	0	0
	Net Segment Asset	9242.49	9242.49
4	Segment Liabilities
	Segment Liabilities
1	India	869.79	869.79
2	USA	0	0
3	Euope	0	0
4	Rest of the world	0	0
	Total Segment Liabilities	869.79	869.79
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	869.79	869.79
	Disclosure of notes on segments	Textual Information(1)

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Textual Information(1)

Notes:
1. The Company manufactures "Communication Equipment" primarily for power utilities / other utilities and engaged in its allied services, which is the only business segment of the Company.
2. The Company is an ISO 9001:2015 and 14001:2015 certified telecom transmission equipment manufacturer, duly registered as an Export Oriented Unit under EHTP (Electronic Hardware Technology Park) Scheme.
3. The Company manufactures " Telecom Transmission Solutions" with installations in over 110 countries.
4. The comparative figures for the previous year have been rearranged wherever required to conform to the revised presentation of accounts.

5. The Company is an Export Oriented Unit with its manufacturing unit being located at New Delhi only. The Fixed assets used in Company's business can not be specifically identified with any Geographical Segment. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a segregation of this data is not possible.

For Valiant Communications Limited
Inder Mohan Sood
Managing Director
Director Identification Number: 00001758
New Delhi, February 3, 2026

Other Comprehensive Income
Date of start of reporting period		01-10-2025	01-04-2025
Date of end of reporting period		31-12-2025	31-12-2025
Whether results are audited or unaudited		Unaudited	Unaudited
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	Remeasurement of the employee defined benefit plans	-1.93	-4.43
	Total Amount of items that will not be reclassified to profit and loss	-1.93	-4.43
2	Income tax relating to items that will not be reclassified to profit or loss	-0.34	-0.96
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	-1.59	-3.47

Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising	Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds	27-11-2025
Amount Raised	4608
Report filed for Quarter ended	31-12-2025
Monitoring Agency	Not applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation	NA
Comments of the Audit Committee after review	NA
Comments of the auditors, if any	NA

Sr.	Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
1	Working capital requirements, business expenses to support the business plans of the Company	NA	864	0	156	0	The Board of Directors of the Company, in their meeting held on 27-11-2025, have allotted 6,00,000 warrants, each convertible into fully paid-up Equity Shares of the Company, on preferential basis to the ‘Non-Promoter’ category, up to an amount of Rs. 4,608 Lacs, at an issuance price of Rs. 768/- per Warrants (derived pursuant to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018). The Company has received an aggregate consideration of Rs. 1,152 Lacs towards minimum 25% of the total consideration of the Warrants. The present statement is filed for Rs. 1,152 Lacs for the utilization purpose. Whereas, the balance 75% i.e Rs 3,456 lacs will be received as and when the warrant conversion option is exercised by the warrant holders to convert warrants into equity shares during the tenure of warrants.
2	General corporate purpose (at maximum 25% of total amount raised)	NA	288	0	16.2	0

Signatory Details
Name of signatory	Inder Mohan Sood
Designation of person	Managing Director
Place	New Delhi
Date	03-02-2026

General information about company

Financial Results – Ind-AS

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

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Other Comprehensive Income

Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Signatory Details