Integrated Filing — IndAS



General information about company
Scrip Code 507880
NSE Symbol VIPIND
MSEI Symbol NOTLISTED
ISIN INE054A01027
Name of company VIP Industries Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 06-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First 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
Segment Reporting Single segment
Description of single segment Manufacturing of luggage and travel accessories
Start date and time of board meeting 06-Aug-2025   14:00:00
End date and time of board meeting 06-Aug-2025   16:30:00
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 the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
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? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There was no default on loans during the quarter ended 30th June 2025.



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated 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 5611200000
Other income 56600000
Total income 5667800000
2 Expenses
(a) Cost of materials consumed 1347500000
(b) Purchases of stock-in-trade 1641300000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 457000000
(d) Employee benefit expense 368600000
(e) Finance costs 156000000
(f) Depreciation, depletion and amortisation expense 289900000
(f) Other Expenses
1 Other expenses 1666600000 1666600000
Total other expenses 1666600000
Total expenses 5926900000
3 Total profit before exceptional items and tax -259100000
4 Exceptional items -50700000
5 Total profit before tax -309800000
6 Tax expense
7 Current tax 0
8 Deferred tax -76500000
9 Total tax expenses -76500000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations -233300000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period -233300000
17 Other comprehensive income net of taxes -2500000
18 Total Comprehensive Income for the period -235800000
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 284000000
Face value of equity share capital 2
27 Details of debt securities
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 -1.64
Diluted earnings (loss) per share from continuing operations -1.64
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -1.64
Diluted earnings (loss) per share from continuing and discontinued operations -1.64
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1) The results for the quarter ended June 30 2025 were reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on August 06 2025. The above results for the quarter ended June 30 2025 have been reviewed by the Statutory Auditors of the Company in terms of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 as amended. n n2) This statement has been prepared in accordance with the Companies Indian Accounting Standards Rules 2015 Ind AS prescribed under section 133 of the Companies Act 2013 and other recognised accounting practices and policies to the extent applicable. n n3) The Companys business segment consists of a single segment of Manufacturing and marketing of luggage and bags as per Indian Accounting Standard Ind AS 108 Operating segment requirement. n n4) The consolidated financial results for the quarter ended June 30 2025 include the results of its subsidiary companies viz VIP Industries Bangladesh Private Limited VIP Industries BD Manufacturing Private nLimited VIP Luggage BD Private Limited VIP Accessories BD Private Limited and Blow Plast Retail Limited. n n5) The exceptional Item disclosed above in the stondalone and consolidated results for the quarter ended June 30 2025 includes loss of Rs. 5.07 Crores relating to loss of property, plant and equipment and ninventories that were destroyed due to a fire at the Companys regional warehouse at Guwahati on May 17 2025. The Company has initiated its insurance claim process and considering the Companys insurance npolicy it expects the loss to be adequately covered. n nIn addition to the loss of Rs. 5.07 Crores referred above the exceptional Item disclosed in the consolidated results for the quarter ended June 30 2025 also includes an income of Rs. 7.00 Crores against a npartial receipt of the insurance claim from the Insurance Company relating to a loss of property plant and equipment and inventories that were destroyed due to a major fire at a plant of the Companys subsidiary nVIP Industries Bangladesh Private Limited located in Bangladesh on January 31 2023. Accordingly the net income of Rs. 1.93 Crores has been disclosed as exceptional item for the quarter ended June 30 2025. n nThe Exceptional Item disclosed above in the consolidated results for the quarter ended March 31 2025 and year ended March 31 2025 relates to a partial receipt of the insurance claim from the Insurance company against the claim lodged with reference to a loss of property plant and equipment and inventories that were destroyed due to a major fire at a plant of the Companys subsidiary VIP Industries Bangladesh Private Limited located in Bangladesh on January 31 2023. n n6) The Nomination and Remuneration Committee of the Board of Directors of the Company at it meeting held on May 13 2025 approved to grant new stock appreciation rights to eligible employees of the Company in naccordance with the terms and conditions of the VIP Employees Stock Appreciation Rights plan 2018 named ESARP 2018 as approved by the shareholders of the Company on July 17 2018. Accordingly during nthe quarter ended June 30 2025 the Company has granted 60000 stock appreciation rights to eligible employees resulting in a net expense of Rs. 0.08 Crores. n n7) The figures of the quarter ended March 31 2025 are balancing figures between the audited figures in respect of the full financial year ended on March 31 2025 and the unaudited published year to date figures nup to third quarter ended on December 31 2024, which were subjected to Limited review by the Statutory Auditors. n n8) The Company was Involved in an ongoing litigation regarding the use of a trademark. The Division Bench of Honble Delhi High Court vide order dated July 1 2025 has dismissed the appeal filed by the Company nagainst the interim order granting injunction in favour of the Company dated July 17 2023. The Company had filed a special leave petition before the Honble Supreme Court of India against the order of the Division Bench of Honble Delhi High Court. The Honble Supreme Court of India vide its order dated August 01 2025 disposed off the special leave petition allowing the Company six months to sell the existing stock subject to conditions mentioned therein. n n9) Certain entities forming part of the promoter group the Sellers of the Company have entered into an agreement with Multiples Private Equity Fund and other parties the Purchasers for the sale of up to n45446305 equity shares held by the Sellers in the Company Sale Shares constituting approximately 32 percent of the total paid up share capital of the Company.The transaction is subject to approval of the nCompetition Commissionof India CCI. n nAn intimation under Regulation 30 read with Regulation 30A and Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations2015 Listing Regulations in this regard has been filed with nthe stock exchanqeson July 13 2025. n n10) A commercial Suit is filed against the Companyat Bombay City Civil Court, by a Companybased in China in respect of commercial dispute for recovery of amount of Rs.6.41 crores towards supply of material to the nCompanynot acknowledgedas debts. The Companyis defending the matter and has obtained an independent legal opinionand accordingly no provision for any liability has been made in the financial results.



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


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-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Amount of items that will not be reclassified to profit and loss -3200000 -3200000
Total Amount of items that will not be reclassified to profit and loss -3200000
2 Income tax relating to items that will not be reclassified to profit or loss -700000
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 0
5 Total Other comprehensive income -2500000