Integrated Filing — IndAS



General information about company

Scrip Code 509966
NSE Symbol VSTIND
MSEI Symbol NOTLISTED
ISIN INE710A01016
Name of company VST INDUSTRIES 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 29-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-01-2026
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 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 Unaudited
Segment Reporting Single segment
Description of single segment TOBACCO AND RELATED PRODUCTS
Start date and time of board meeting 29-01-2026   10:45:00
End date and time of board meeting 29-01-2026   13:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
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
the company does not have loans



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 Standalone Standalone
1 Income
Revenue from operations 49,185.00 1,35,634.00
Other income 906.00 3,182.00
Total income 50,091.00 1,38,816.00
2 Expenses
(a) Cost of materials consumed 21,207.00 54,614.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (652.00) (1,453.00)
(d) Employee benefit expense 3,643.00 10,161.00
(e) Finance costs 0.00 0.00
(f) Depreciation, depletion and amortisation expense 1,389.00 3,780.00
(f) Other Expenses
1 EXCISE DUTY 11,840.00 34,887.00
2 OTHE EXPENSES 4,555.00 13,278.00
Total other expenses 16,395.00 48,165.00
Total expenses 41,982.00 1,15,267.00
3 Total profit before exceptional items and tax 8,109.00 23,549.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 8,109.00 23,549.00
6 Tax expense
7 Current tax 1,934.00 5,932.00
8 Deferred tax 152.00 60.00
9 Total tax expenses 2,086.00 5,992.00
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 6,023.00 17,557.00
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 6,023.00 17,557.00
17 Other comprehensive income net of taxes 7.00 (16.00)
18 Total Comprehensive Income for the period 6,030.00 17,541.00
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 16,986.00 16,986.00
Face value of equity share capital 10 10
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 3.55 10.34
Diluted earnings (loss) per share from continuing operations 3.55 10.34
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 3.55 10.34
Diluted earnings (loss) per share from continuing and discontinued operations 3.55 10.34
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) Notes 1 The above mentioned results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 29th January 2026 2 The financial results of the Company have been prepared in accordance with Indian Accounting Standards Ind AS notified under Section 133 of the Companies Act 2013 read with relevant rules issued thereunder and in terms of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 and SEBI circular dated 5th July 2016 3 The Government of India has consolidated existing labour legislations into four comprehensive labour codes effective 21st November 2025 These codes include Code on wages 2019 Code on Social Security 2020 Industrial Relation Code 2020 and Occupational Safety Health and Working Condition Code 2020 collectively referred to as the New Labour Codes However the final rules under these codes are yet to be notified Pending notification the Company has evaluated the incremental impact of these changes in accordance with the guidance issued by the Institute of Chartered Accountants of India and has estimated and recognized the additional gratuity and leave liability of RS 601 Lakhs basis the actuarial valuation The Company continues to monitor the finalisation 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 4 The Company has a single operating segment viz tobacco and related products and accordingly reviews business performance at an overall Company level Therefore the disclosure as per Ind AS 108 Operating Segments is not applicable 5 The Company does not have any subsidiary company including an associate and joint venture Accordingly preparation of a consolidated financial statements is not applicable 6 Limited Review of the above mentioned results as per Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 has been carried out by the Statutory Auditor who has issued an unqualified review report 7 Exceptional item represents net gain realised on sale of an immovable property during the quarter ended 31st December 2024 RS 10049 Lakhs net of tax RS 8688 Lakhs



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 Standalone 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

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 Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 INCOME TAX RELATING T0 ITEMS THAT WILL BE RECLASSIFIED TO PROFIT OR LOSS 0.00 45.00
Total Amount of items that will not be reclassified to profit and loss 0.00 45.00
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 25.00
3 Amount of items that will be reclassified to profit and loss
1 INCOME TAX RELATING T0 ITEMS THAT WILL BE RECLASSIFIED TO PROFIT OR LOSS (3.00) 12.00
Total Amount of items that will be reclassified to profit and loss (3.00) 12.00
4 Income tax relating to items that will be reclassified to profit or loss (10.00) 48.00
5 Total Other comprehensive income 7.00 (16.00)





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 B S R & ASSOCIATES LLP Yes 31-07-2028