Integrated Filing — IndAS



General information about company

Scrip Code 532156
NSE Symbol VAIBHAVGBL
MSEI Symbol NOTLISTED
ISIN INE884A01027
Name of company VAIBHAV GLOBAL 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 27-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 12-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
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 27-01-2026   18:00:00
End date and time of board meeting 27-01-2026   23:00:00
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



Financial Results Ind-AS

Amount in (Lakhs)

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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,06,602.51 2,75,707.83
Other income 512.37 2,872.53
Total income 1,07,114.88 2,78,580.36
2 Expenses
(a) Cost of materials consumed 8,020.88 24,049.04
(b) Purchases of stock-in-trade 31,762.37 73,783.28
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (2,229.58) (2,367.70)
(d) Employee benefit expense 16,144.43 46,170.29
(e) Finance costs 371.93 1,063.21
(f) Depreciation, depletion and amortisation expense 2,521.43 7,496.14
(f) Other Expenses
1 Other Expenses 39,335.82 1,06,591.97
Total other expenses 39,335.82 1,06,591.97
Total expenses 95,927.28 2,56,786.23
3 Total profit before exceptional items and tax 11,187.60 21,794.13
4 Exceptional items 0.00 0.00
5 Total profit before tax 11,187.60 21,794.13
6 Tax expense
7 Current tax 2,879.45 6,334.93
8 Deferred tax (672.27) (2,039.73)
9 Total tax expenses 2,207.18 4,295.20
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 8,980.42 17,498.93
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 8,980.42 17,498.93
17 Other comprehensive income net of taxes 1,185.93 6,150.53
18 Total Comprehensive Income for the period 10,166.35 23,649.46
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 8,980.42 17,498.93
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 10,166.35 23,649.46
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 3,339.29 3,339.29
Face value of equity share capital 2 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 5.39 10.51
Diluted earnings (loss) per share from continuing operations 5.32 10.37
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
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 5.39 10.51
Diluted earnings (loss) per share from continuing and discontinued operations 5.32 10.37
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 above unaudited consolidated financial results for the quarter ended 31 December 2025 and year to date ended for the period from 01 April 2025 to 31 December 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 27 January 2026. These financial results for the quarter ended 31 December 2025 and year to date ended for the period from 01 April 2025 to 31 December 2025 have been reviewed by the Statutory Auditors of the Parent Company. 2) These unaudited consolidated financial results have been prepared in accordance with Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015. 3) The unaudited consolidated financial results include the financial results of the Parent Company and the financial results of the following subsidiaries and step-down subsidiaries (collectively referred as ‘the Group’): A. VGL Retail Ventures Limited, Mauritius a. Shop TJC Limited, UK i. Shop LC Global Inc., USA ii. Mindful Souls BV, Netherlands B. STS Global Supply Limited, Hong Kong a. Pt. STS Bali, Indonesia b. STS (Guangzhou) Trading Limited, China C. STS Jewels Inc., USA D. STS Global Limited, Thailand E. STS Global Limited, Japan F. Vaibhav Lifestyle Limited, India G. Shop LC GmbH, Germany H. Vaibhav Global Employee Stock Option Welfare Trust 4) The Parent Company has allotted 198,125 and 851,613 equity shares having face value of Rs. 2/- each for the quarter ended 31 December 2025 and year to date for the period from 01 April 2025 to 31 December 2025 respectively, under the Company's various Employees Stock Option Benefit Schemes through Vaibhav Global Employee Stock Option Welfare Trust at exercise price ranging from Rs. 2.00 - Rs. 188.95. 5) Item exceeding 10% of total expenditure (included in other expenses): Amount in Rs. lakhs Particulars Quarter ended Year to date ended Year ended Content and 31-Dec-2025 30-Sep-2025 31-Dec-2024 31-Dec-2025 31-Dec-2024 31-Mar-2025 broadcasting 19,636.8 17,393.1 16,536.30 53,532.49 47,549.01 65,021.57 expenses 6) The Income Tax Department (“the ITD”) conducted a Survey proceeding under section 133A of the Act at the premises of the Parent Company in November 2021. During previous year, the Parent Company received notices under Section 142(1) for Assessment Year 2019 – 20 to Assessment Year 2022 – 23 requiring further information. Subsequently, the Company provided all cooperation and necessary data/documents/information. In previous quarter of the current financial year and subsequent to the end of the current quarter, all the proceedings related to the survey for the above-mentioned assessment years have been concluded in the Company's favor by the relevant authorities. 7) In preceding years, the Company received notices from the Income Tax Department (the Department) under Section 148 of the Act for Assessment Year 2012-13 to Assessment Year 2015-16. Subsequently, during previous quarters, the Honorable High Court of Rajasthan (the High Court) quashed all proceedings pertaining to the aforesaid Assessment Year on technical grounds. The Department has filed a Special Leave Petition ('SLP') before the Hon'ble Supreme Court against the High Court's order, and the matter is currently pending adjudication. The Department issued notices under Section 153C for AYs 2010-11 to 2016-17, leading the Company to file a writ petition before the High Court and subsequently an SLP before the Supreme Court. In current quarter, the Supreme Court stayed further proceedings under Section 153C. Further the Department has passed favorable order for AY 2010-11, accepting the returned income without additions. Considering the nature and merits of the matter, the management does not anticipate any liability arising from these proceedings in respect of Assessment Years 2011-12 to 2016-17. 8) The Board of Directors of the Parent Company has declared interim dividend of Rs. 1.50/- per fully paid-up equity shares of Rs. 2/- each. The Parent Company has fixed 03 February 2026 as the record date for payment of interim dividends on equity shares. The said interim dividend will be credited / dispatched to the respective equity shareholders within 30 days of the declaration of dividend. In addition to the above interim dividend of Rs. 1.50/-, an interim dividend of Rs. 3.00/- per share were declared and paid during the previous quarter. Hence total dividend of Rs. 4.50/- has been declared during the current nine-month period. 9) On November 21, 2025, the Government of India notified four Labour Codes - 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 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Parent Company has assessed and disclosed the incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. The incremental impact of Rs. 169.45 lakhs on provision for gratuity primarily arises due to change in definition of wages. The Parent Company continues to monitor the finalization of Central/State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 10) Segment information as per Ind AS – 108, ‘Operating Segment’ is disclosed in Annexure – I.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


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

Amount in (Lakhs)

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 Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 United State of America 68,562.06 1,69,243.18
2 United Kingdom 30,181.39 78,180.25
3 India 15,101.01 44,420.68
4 Europe(excluding United Kingdom) 11,881.41 30,044.37
5 Rest of World 10,242.01 30,966.00
6 Less:- Intersegment Eliminations 0.00 0.00
Total Segment Revenue 1,35,967.88 3,52,854.48
Less: Inter segment revenue 29,365.37 77,146.65
Revenue from operations 1,06,602.51 2,75,707.83
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 United State of America 7,125.16 13,147.21
2 United Kingdom 4,839.52 12,104.18
3 India 4,432.74 13,169.71
4 Europe(excluding United Kingdom) 679.20 1,458.13
5 Rest of World 3,156.38 10,492.40
6 Less:- Intersegment Eliminations (8,673.47) (27,514.29)
Total Profit before tax 11,559.53 22,857.34
i. Finance cost 371.93 1,063.21
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 11,187.60 21,794.13
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 United State of America 0.00 0.00
2 United Kingdom 0.00 0.00
3 India 0.00 0.00
4 Europe(excluding United Kingdom) 0.00 0.00
5 Rest of World 0.00 0.00
6 Less:- Intersegment Eliminations 0.00 0.00
Total Segment Asset 0.00 0.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 0.00 0.00
4 Segment Liabilities
Segment Liabilities
1 United State of America 0.00 0.00
2 United Kingdom 0.00 0.00
3 India 0.00 0.00
4 Europe(excluding United Kingdom) 0.00 0.00
5 Rest of World 0.00 0.00
6 Less:- Intersegment Eliminations 0.00 0.00
Total Segment Liabilities 0.00 0.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 0.00 0.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss (90.48) 188.25
Total Amount of items that will not be reclassified to profit and loss (90.48) 188.25
2 Income tax relating to items that will not be reclassified to profit or loss (31.62) 65.78
3 Amount of items that will be reclassified to profit and loss
1 Exchange difference on translation of foreign operations 1,244.79 6,028.06
Total Amount of items that will be reclassified to profit and loss 1,244.79 6,028.06
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 1,185.93 6,150.53