| Scrip Code | 532660 |
|---|---|
| NSE Symbol | VIVIMEDLAB |
| MSEI Symbol | NA |
| ISIN | INE526G01021 |
| Name of company | VIVIMED LABS 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 | 17-07-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 14-07-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | PHARMA |
| Start date and time of board meeting | 17-07-2026 14:00:00 |
| End date and time of board meeting | 17-07-2026 16:00:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| 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 | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 1,200.00 | 6,998.90 | |
| Other income | 574.70 | 631.90 | |
| Total income | 1,774.70 | 7,630.80 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 790.60 | 3,290.70 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 3,902.70 | 4,084.00 |
| (d) | Employee benefit expense | 997.00 | 2,496.60 |
| (e) | Finance costs | 94.70 | 417.00 |
| (f) | Depreciation, depletion and amortisation expense | 1,150.70 | 2,605.20 |
| (f) | Other Expenses | ||
| 1 | expenses | 9,537.60 | 12,370.80 |
| 2 | other comprehensive income | (108.80) | (108.80) |
| Total other expenses | 9,428.80 | 12,262.00 | |
| Total expenses | 16,364.50 | 25,155.50 | |
| 3 | Total profit before exceptional items and tax | (14,589.80) | (17,524.70) |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | (14,589.80) | (17,524.70) |
| 6 | Tax expense | ||
| 7 | Current tax | 7.60 | 7.60 |
| 8 | Deferred tax | 6.10 | 6.10 |
| 9 | Total tax expenses | 13.70 | 13.70 |
| 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 | (14,603.50) | (17,538.40) |
| 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 | (14,603.50) | (17,538.40) |
| 17 | Other comprehensive income net of taxes | 0.00 | 0.00 |
| 18 | Total Comprehensive Income for the period | (14,603.50) | (17,538.40) |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 0.00 | 0.00 | |
| 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 | 0.00 | 0.00 | |
| 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 | 1,658.30 | 1,658.30 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 3,800.00 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | -17.74 | -21.15 | |
| Diluted earnings (loss) per share from continuing operations | -17.22 | -20.53 | |
| 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 | -17.74 | -21.15 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -17.22 | -20.53 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | ||
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2025 | |
| Date of end of reporting period | 31-03-2026 | |
| Whether results are audited or unaudited | Audited | |
| Nature of report standalone or consolidated | Consolidated | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 23,701.00 | |
| Capital work-in-progress | 1,779.10 | |
| Investment property | 0.00 | |
| Goodwill | 687.00 | |
| Other intangible assets | 14,173.60 | |
| Intangible assets under development | 0.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 18,054.10 | |
| Trade receivables, non-current | ||
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| Total of other non-current financial assets | ||
| Total non-current financial assets | 18,054.10 | |
| Deferred tax assets (net) | ||
| Other non-current assets | ||
| 1 | others | 152.70 |
| Total of other non-current assets | 152.70 | |
| Total non-current assets | 58,547.50 | |
| 2 | Current assets | |
| Inventories | 1,271.50 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 4,533.30 | |
| Cash and cash equivalents | 6.90 | |
| Bank balance other than cash and cash equivalents | 128.70 | |
| Loans, current | 2,067.80 | |
| Other current financial assets | ||
| Total of other current financial assets | 636.10 | |
| Total current financial assets | 7,372.80 | |
| Current tax assets (net) | 1,807.50 | |
| Other current assets | ||
| 1 | others | 6,348.40 |
| Total of other current assets | 6,348.40 | |
| Total current assets | 16,800.20 | |
| 3 | Non-current assets classified as held for sale | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | |
| Total assets | 75,347.70 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 1,658.30 | |
| Other equity | (22,713.70) | |
| Total equity attributable to owners of parent | (21,055.40) | |
| Non controlling interest | ||
| Total equity | (21,055.40) | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 7,151.00 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | ||
| Total Trade payable | ||
| Other non-current financial liabilities | ||
| 1 | Others | 43,047.80 |
| Total of other non-current financial liabilities | 43,047.80 | |
| Total non-current financial liabilities | 50,198.80 | |
| Provisions, non-current | 440.80 | |
| Deferred tax liabilities (net) | 903.30 | |
| Deferred government grants, Non-current | ||
| Other non-current liabilities | ||
| 1 | Others | 49.50 |
| Total of other non-current liabilities | 49.50 | |
| Total non-current liabilities | 51,592.40 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 32,580.30 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 5,324.30 | |
| Total Trade payable | 5,324.30 | |
| Other current financial liabilities | ||
| 1 | Others | 2,253.80 |
| Total of other current financial liabilities | 2,253.80 | |
| Total current financial liabilities | 40,158.40 | |
| Other current liabilities | 2,720.60 | |
| 1 | others | 2,720.60 |
| Total of other current liabilities | 2,720.60 | |
| Provisions, current | 131.30 | |
| Current tax liabilities (Net) | 1,800.40 | |
| Deferred government grants, Current | ||
| Total current liabilities | 44,810.70 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | |
| Total liabilities | 96,403.10 | |
| Total equity and liabilites | 75,347.70 | |
| Disclosure of notes on assets and liabilities | ||
| 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 | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 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 | |||||||
| 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 | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| 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 | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 0.00 | 0.00 |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Consolidated | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | (17,524.70) | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 417.00 | |||||
| Adjustments for decrease (increase) in inventories | 4,604.00 | |||||
| Adjustments for decrease (increase) in trade receivables, current | 2,877.80 | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | 0.00 | |||||
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |||||
| Adjustments for other financial assets, non-current | 1,656.00 | |||||
| Adjustments for other financial assets, current | 4,225.20 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 1,130.40 | |||||
| Adjustments for increase (decrease) in other current liabilities | (1,774.90) | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 2,605.20 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | (58.40) | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 2,616.40 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 0.00 | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | 0.00 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 18,298.70 | |||||
| Net cash flows from (used in) operations | 774.00 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 3.90 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 770.10 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | (94.70) | |||||
| Purchase of property, plant and equipment | 0.00 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) investing activities | (94.70) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 0.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 0.00 | |||||
| Repayments of borrowings | 193.60 | |||||
| Payments of lease liabilities | 0.00 | |||||
| Dividends paid | 0.00 | |||||
| Interest paid | 417.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | (610.60) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 64.80 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |||||
| Net increase (decrease) in cash and cash equivalents | 64.80 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 70.80 | |||||
| Cash and cash equivalents cash flow statement at end of period | 135.60 | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Qualified 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 |
| 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 | SVRL&CO | Yes | 30-04-2027 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 7,630.80 | 7,630.80 |
| 2 | Total Expenditure | 25,169.20 | 31,201.40 |
| 3 | Net Profit/(Loss) | (17,538.40) | (23,570.60) |
| 4 | Earnings Per Share | -21.15 | -28.43 |
| 5 | Total Assets | 75,347.70 | 75,347.70 |
| 6 | Total Liabilities | 75,347.70 | 75,347.70 |
| 7 | Net Worth | (21,055.40) | (27,087.50) |
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
|---|---|---|---|---|---|---|---|
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Qualified opinion | Repetitive | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| 2 | Textual Information(6) | Qualified opinion | Repetitive | Textual Information(7) | Textual Information(8) | Textual Information(9) | Textual Information(10) |
| 3 | Textual Information(11) | Qualified opinion | Repetitive | Textual Information(12) | Textual Information(13) | Textual Information(14) | Textual Information(15) |
| 4 | Textual Information(16) | Qualified opinion | Repetitive | Textual Information(17) | Textual Information(18) | Textual Information(19) | Textual Information(20) |
| 5 | Textual Information(21) | Qualified opinion | Whether appeared first time | Textual Information(22) | Textual Information(23) | Textual Information(24) | Textual Information(25) |
| 6 | Textual Information(26) | Qualified opinion | Repetitive | Textual Information(27) | Textual Information(28) | Textual Information(29) | Textual Information(30) |
| Textual Information(1) | As disclosed in Note 28 to the statement, the Company has not recognized an interest expense of approximately Rs.625.72 million on an accrual basis, as of March 31, 2026. A significant portion of this unrecorded interest, amounting to Rs.603.22 million, pertains to borrowings from State Bank of India that have been assigned to Rare Asset Reconstruction Company (ARC), as disclosed in Note 16(b)C to the statement. This is not in compliance with Indian accounting standards, which require accrual based accounting and recognition of borrowing costs when accrued. Consequently, the reported loss and liability is understated by the said amount. |
|---|---|
| Textual Information(2) | The Company’s borrowings from State Bank of India have been assigned to Rare Asset Reconstruction Company (ARC). Since the assignment, there has been no demand or communication from the ARC regarding interest liability. In the absence of any demand or confirmation of interest payable, the Company has not recognized interest expense as Interest without any contractual demand or confirmation would not reflect the substance of the transaction. The liability continues to be disclosed under borrowings, and the Company has made adequate disclosure in the Notes to Accounts regarding the assignment of debt to ARC. |
| Textual Information(3) | NA |
| Textual Information(4) | NA |
| Textual Information(5) | NA |
| Textual Information(6) | We are unable to obtain direct external confirmations in respect of the Company’s current and non current borrowings as referred in note 16a, 16b. Consequently, we are unable to comment on the completeness, accuracy and existence of these borrowings. |
| Textual Information(7) | As the Loan accounts have been classified as NPA, there were no communications from Lenders regarding outstanding balances. |
| Textual Information(8) | NA |
| Textual Information(9) | NA |
| Textual Information(10) | NA |
| Textual Information(11) | The balances pertaining to creditors, debtors, other current assets, other financial liabilities and banks are subjected to external confirmation. While we noted that the Company has initiated the process of obtaining confirmations, the Company has not received responses from various parties and for the differences in the balances confirmations received, the company is in the process of reconciliations and confirmations. Consequently, we are unable to comment on the accuracy, completeness and validity of the reported balances and the appropriateness of the accounting treatment adopted by the company in accordance with the applicable accounting standards. |
| Textual Information(12) | The balance confirmation from the parties have been sought for. We will provide you all the balance confirmations as and when received. Further, the balances are being reconciled, there are timing differences with respect to some parties, some parties have made an arbitrary claim. Further, no claim was ever made directly to the company prior to the commencement of CIRP, but made claim first time while submitting claim to RP during CIRP Proceeding. The company has not accepted any such additional claim other than recorded in books. In the absence of contractual obligation and no prior demand, as per IND AS 37, As per IND AS 37, the company is not liable to recognize the liability in books. |
| Textual Information(13) | NA |
| Textual Information(14) | NA |
| Textual Information(15) | NA |
| Textual Information(16) | The Company is in the process of obtaining confirmations from its vendors to identify whether they are covered under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act). Pending confirmations from all the vendors, the Company has not yet identified all applicable MSME vendors. Therefore, the disclosures required under the MSMED Act and the Companies Act, 2013, including any interest payable on delayed payments to MSME vendors, have not been made. Hence, we are unable to determine whether any interest is payable or assess its impact, if any, on the financial statements. |
| Textual Information(17) | The Company acknowledges the requirement under Section 22 of the MSMED Act, 2006 and Section 134 of the Companies Act, 2013 to disclose interest on delayed payments to suppliers registered as Micro, Small and Medium Enterprises. However, the Company has not received any confirmations or declarations from its vendors identifying themselves as MSMEs. In the absence of such information, the Company is unable to ascertain the financial impact of interest payable, if any. The disclosure made in the financials clearly state the above facts. The Company remains committed to complying with statutory requirements and will disclose such information once relevant data is made available. |
| Textual Information(18) | NA |
| Textual Information(19) | NA |
| Textual Information(20) | na |
| Textual Information(21) | As disclosed in Note 13 to the financial statements, the Company has recognized an amount of Rs.372.69 million under "Other Advances" representing advances paid towards acquisition of land in earlier years. Management has furnished the APIIC allotment letters, approvals for an extension of time till 31st December, 2025 to ensure the compliances in line with the allotment conditions and other related correspondences to substantiate the advances. However, as per the information and explanation furnished to us, the management is in the process of discussions and negotiations with the concerned authorities for obtaining further extension of time to comply the conditions laid down in the initial allotment letter. In the absence of sufficient and appropriate audit evidence regarding the outcome of such discussions and the recoverability of the advance, we are unable to determine whether any adjustment, including impairment or provision, to the carrying amount of the advance or the related disclosures in the financial statements is necessary. |
| Textual Information(22) | Vivimed Labs Ltd (VLL), in the year 2008 wanted to obtain SEZ status for Ease of Exports. Further to obtain such status as per the norms laid down by the Government, the Company had to acquire 100 Hectares of Contiguous Land. So, VLL with the desire to obtain SEZ status for Ease of Exports and to establish State of Art Manufacturing Facility, started to acquire land directly from Owners & assignee land holders and Andhra Pradesh Industrial Infrastructure Corporation (APIIC)from 2008. In this regard, a detailed note is already submitted to Auditors. Documents evidencing above purchases have been shown to Auditors. The company had been spending amounts at regular intervals for various activities like Registration & Incidental Charges, Allotment Fee, Agriculture to Industrial Conversion Fee, Extension of Time Fee, Environmental Clarence Fee, Land Development Charges etc. All the said amounts aggregating to Rs. 37.26 Cr including Land Purchase consideration paid to APIIC and various landowners; that had been spent over the years had been presented as Advance for Land – Vizag. |
| Textual Information(23) | na |
| Textual Information(24) | NA |
| Textual Information(25) | NA |
| Textual Information(26) | The Company has accrued commission expenses amounting to Rs.54.44 million as at March 31, 2026. Although the Company has furnished certain supporting documents and explanations, we could not obtain sufficient and appropriate audit evidence to substantiate that the commission expenses accrued and incurred. Consequently, we are unable to comment on the existence, completeness and accuracy of the provision recognised as at the reporting date. |
| Textual Information(27) | The Company has recognized a provision of Rs.54.44 million towards commission expenses in accordance with Ind AS 37, considering the existence of a constructive obligation arising from sales transactions and established business practice. The Company is in the process of obtaining supporting documents, confirmations, and other relevant evidence from agents / distributors to substantiate the measurement of the obligation. Management believes that the provision recognized is prudent and reflects the best estimate of the obligation at this stage. The Company is committed to completing the documentation process and will provide the necessary confirmations and supporting evidence in due course. |
| Textual Information(28) | NA |
| Textual Information(29) | NA |
| Textual Information(30) | NA |
| Name of CEO / Managing director | Santosh Varalwar |
|---|---|
| Name of CFO | NA |
| Name of audit committee chairman | Jarugula Siva Prasad |
| Name of statutory auditor | G Ramakrishna |
| Name of other signatory, if any, with designation | |
| Place | HYDERABAD |
| Date | 17-07-2026 |