Valson Industries Ltd. announced that the compliance officer in the company, Ms. Binita Gosalia has resigned from the company. Mr. Pritesh Shah shall act as compliance officer. The Board of Directors of the company has approved the change in Compliance Officer at their meeting held on February 14, 2013.

Valson Industries Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 227.416 million against INR 198.184 million a year ago. Profit from operations before finance cost and exceptional items were INR 9.437 million against INR 4.811 million a year ago. Profit from ordinary activities before tax was INR 3.984 million against INR 1.032 million a year ago. Net profit for the period was INR 2.884 million or INR 0.38 per basic and diluted share against net profit for the period of INR 0.832 million or INR 0.11 per basic and diluted share a year ago.   For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 713.512 million against INR 599.641 million a year ago. Profit from operations before finance cost and exceptional items were INR 25.403 million against INR 21.841 million a year ago. Profit from ordinary activities before tax was INR 9.519 million against INR 13.681 million a year ago. Net profit for the period was INR 6.919 million or INR 0.90 per basic and diluted share against net profit for the period of INR 9.781 million or INR 1.28 per basic and diluted share a year ago.

Valson Industries Ltd., Board Meeting, Feb 14, 2013. Agenda: To approve quarterly results.