VAS Infrastructure Balance Sheet

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	175.03	0.57	0.29	-1.38	7.24	4.54
Short-Term Investments	-	24.5	1	1	1	-
Cash & Short-Term Investments	175.03	25.07	1.29	-0.38	8.24	4.54
Cash Growth	349.07%	1849.61%	-	-	81.46%	-38.05%
Accounts Receivable	-	-	0.05	4.78	15.84	64.83
Other Receivables	2.38	2.93	2.08	1.18	2.26	1.56
Receivables	2.38	2.93	2.13	6.62	19.34	74.43
Inventory	531.45	531.45	531.45	542.18	550.87	552.7
Prepaid Expenses	-	-	-	0.05	-	-
Other Current Assets	-	0.11	0.11	5.14	881.52	870.8
Total Current Assets	708.85	559.55	534.97	553.61	1,460	1,502
Property, Plant & Equipment	0.12	0.18	0.5	1.67	3.52	6.17
Long-Term Investments	846.23	839.16	839.4	842.26	16.97	6.18
Other Long-Term Assets	-	7.07	7.07	9.87	10.22	4.6
Total Assets	1,555	1,406	1,382	1,407	1,491	1,519
Accounts Payable	2.73	2.81	2.52	7.02	10.47	25.23
Accrued Expenses	1.89	2,759	2,759	2,249	1,744	1,319
Short-Term Debt	115.77	115.77	115.27	13.56	11.04	14.76
Other Current Liabilities	2,937	29.81	0.52	0.52	118.69	17.18
Total Current Liabilities	3,057	2,907	2,878	2,270	1,884	1,376
Long-Term Debt	1,083	1,083	1,083	1,083	1,084	1,137
Pension & Post-Retirement Benefits	-	-	-	0.94	0.92	0.72
Other Long-Term Liabilities	11.27	11.27	11.27	23.01	27.31	29.61
Total Liabilities	4,152	4,001	3,972	3,378	2,996	2,543
Common Stock	151.29	151.29	151.29	151.29	151.29	151.29
Additional Paid-In Capital	-	320.42	320.42	320.42	320.42	320.42
Retained Earnings	-	-3,016	-3,011	-2,389	-1,918	-1,426
Comprehensive Income & Other	-2,748	-50.77	-50.53	-53.07	-58.37	-69.01
Shareholders' Equity	-2,596	-2,595	-2,590	-1,970	-1,505	-1,024
Total Liabilities & Equity	1,555	1,406	1,382	1,407	1,491	1,519
Total Debt	1,199	1,199	1,198	1,097	1,095	1,152
Net Cash (Debt)	-1,024	-1,174	-1,197	-1,097	-1,086	-1,147
Net Cash Per Share	-67.51	-77.59	-79.13	-72.52	-71.81	-75.81
Filing Date Shares Outstanding	15.23	15.13	15.13	15.13	15.13	15.13
Total Common Shares Outstanding	15.23	15.13	15.13	15.13	15.13	15.13
Working Capital	-2,348	-2,347	-2,343	-1,717	-423.92	126.34
Book Value Per Share	-170.47	-171.55	-171.20	-130.22	-99.48	-67.67
Tangible Book Value	-2,596	-2,595	-2,590	-1,970	-1,505	-1,024
Tangible Book Value Per Share	-170.47	-171.55	-171.20	-130.22	-99.48	-67.67
Machinery	-	20.52	20.52	20.52	20.58	20.96

Source: S&P Global Market Intelligence. Standard template. Financial Sources.