Board Change • Jun 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Vikas Goyal was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Vikas Goyal was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Vikas Goyal was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 14
Vasa Retail and Overseas Limited to Report First Half, 2026 Results on Nov 14, 2025 Vasa Retail and Overseas Limited announced that they will report first half, 2026 results on Nov 14, 2025 New Risk • Sep 26
New major risk - Negative shareholders equity The company has negative equity. Total equity: -₹179m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹799k free cash flow). Shares are highly illiquid. Negative equity (-₹179m). Revenue is less than US$1m. Market cap is less than US$10m (₹30.0m market cap, or US$337.9k). Announcement • Sep 09
Vasa Retail and Overseas Limited, Annual General Meeting, Sep 30, 2025 Vasa Retail and Overseas Limited, Annual General Meeting, Sep 30, 2025, at 11:00 Indian Standard Time. Location: jolly conference room-imc bldg, 4th floor, imc marg, churchgate, mumbai-400020, mumbai India Board Change • Sep 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Vikas Goyal was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Vikas Goyal was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹1.0m free cash flow). Shares are highly illiquid. Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹24.9m market cap, or US$290.7k). Minor Risks Negative equity (-₹178m). Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Announcement • Sep 16
Vasa Retail and Overseas Limited, Annual General Meeting, Sep 30, 2024 Vasa Retail and Overseas Limited, Annual General Meeting, Sep 30, 2024, at 11:00 Indian Standard Time. Location: jolly conference room-imc bldg, 4th floor, imc marg, churchgate, mumbai-400020, mumbai India Announcement • May 31
Vasa Retail and Overseas Limited to Report Second Half, 2024 Results on May 30, 2024 Vasa Retail and Overseas Limited announced that they will report second half, 2024 results on May 30, 2024 New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹1.9m free cash flow). Shares are highly illiquid. Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹27.9m market cap, or US$335.1k). Minor Risks Negative equity (-₹177m). Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Recent Insider Transactions • Oct 06
Insider recently sold ₹168k worth of stock On the 27th of September, Aruna Vasa sold around 28k shares on-market at roughly ₹6.01 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹182k. Insiders have been net sellers, collectively disposing of ₹2.0m more than they bought in the last 12 months. Announcement • Sep 06
Vasa Retail and Overseas Limited, Annual General Meeting, Sep 29, 2023 Vasa Retail and Overseas Limited, Annual General Meeting, Sep 29, 2023, at 11:00 Indian Standard Time. Location: Jolly Conference Room, IMC Building, 4th floor IMC Marg, Churchgate Mumbai Maharashtra India Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2023 together with the Reports of the Board of Director's and the Auditor's thereon; to re-appoint a director Mr. Hardik Vasa, Managing Director of the Company, who retires by rotation and being eligible, offers himself for re-appointment; to re-appoint a Statutory Auditors and fix their remuneration; and other business matters. Recent Insider Transactions • Aug 18
Insider recently sold ₹176k worth of stock On the 9th of August, Aruna Vasa sold around 24k shares on-market at roughly ₹7.35 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹1.1m. Insiders have been net sellers, collectively disposing of ₹1.8m more than they bought in the last 12 months. Recent Insider Transactions • Aug 03
Insider recently sold ₹182k worth of stock On the 26th of July, Aruna Vasa sold around 24k shares on-market at roughly ₹7.60 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹1.1m. Insiders have been net sellers, collectively disposing of ₹1.6m more than they bought in the last 12 months. Recent Insider Transactions • Jul 15
Chairman & MD recently sold ₹182k worth of stock On the 7th of July, Hardik Vasa sold around 24k shares on-market at roughly ₹7.60 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹1.1m. Hardik has been a net seller over the last 12 months, reducing personal holdings by ₹1.5m. Recent Insider Transactions • Jul 05
Chairman & MD recently sold ₹192k worth of stock On the 26th of June, Hardik Vasa sold around 24k shares on-market at roughly ₹8.00 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹1.1m. Hardik has been a net seller over the last 12 months, reducing personal holdings by ₹1.3m. Recent Insider Transactions • Jun 20
Chairman & MD recently sold ₹1.1m worth of stock On the 14th of June, Hardik Vasa sold around 136k shares on-market at roughly ₹7.94 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Hardik's only on-market trade for the last 12 months. Announcement • May 30
Vasa Retail and Overseas Limited to Report Second Half, 2023 Results on May 29, 2023 Vasa Retail and Overseas Limited announced that they will report second half, 2023 results on May 29, 2023 Buying Opportunity • May 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 64%. The fair value is estimated to be ₹8.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 79% over the last 3 years. Meanwhile, the company became loss making. Board Change • Sep 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non Executive Independent Director Atrayee Gupta was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non Executive Independent Director Atrayee Gupta was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non Executive Independent Director Atrayee Gupta was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹7.35, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 42x in the Retail Distributors industry in India. Total loss to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 19% share price gain to ₹6.15, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 52x in the Retail Distributors industry in India. Total loss to shareholders of 75% over the past three years. Board Change • Jan 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non Executive Independent Director Atrayee Gupta was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non Executive Independent Director Atrayee Gupta was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non Executive Independent Director Atrayee Gupta was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 20% share price gain to ₹6.35, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 62x in the Retail Distributors industry in India. Total loss to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 23% share price gain to ₹6.75, the stock is trading at a trailing P/E ratio of 15.9x, up from the previous P/E ratio of 13x. This compares to an average P/E of 35x in the Retail Distributors industry in India. Total return to shareholders over the past year is a loss of 25%. Is New 90 Day High Low • Jan 19
New 90-day high: ₹6.45 The company is up 11% from its price of ₹5.80 on 20 October 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 27% over the same period. Is New 90 Day High Low • Nov 10
New 90-day low: ₹5.55 The company is down 12% from its price of ₹6.30 on 12 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 01
New 90-day low: ₹5.70 The company is down 10.0% from its price of ₹6.30 on 30 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 12% over the same period. 
