Integrated Filing — IndAS



General information about company

Scrip Code 544942
NSE Symbol VARMORA
MSEI Symbol NOTLISTED
ISIN INE0M5301040
Name of company VARMORA GRANITO LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 19-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second 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 Not Applicable
Start date and time of board meeting 19-10-2026   16:00:00
End date and time of board meeting 19-10-2026   20:00:00
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 Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(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 NA
(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. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(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? Yes
Latest Date on which RPT policy is updated 25-04-2025
Indicate Company website link for updated RPT policy of the Company https://varmora.com/
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? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 38,706.40 68,335.50
Other income 429.80 981.30
Total income 39,136.20 69,316.80
2 Expenses
(a) Cost of materials consumed 8,982.90 16,187.60
(b) Purchases of stock-in-trade 8,745.40 14,862.10
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (2,150.60) (3,653.80)
(d) Employee benefit expense 2,534.70 4,847.50
(e) Finance costs 552.20 1,131.10
(f) Depreciation, depletion and amortisation expense 813.90 1,620.40
(f) Other Expenses
1 Other expenses 14,888.80 27,613.90
Total other expenses 14,888.80 27,613.90
Total expenses 34,367.30 62,608.80
3 Total profit before exceptional items and tax 4,768.90 6,708.00
4 Exceptional items (1,786.70) (1,786.70)
5 Total profit before tax 2,982.20 4,921.30
6 Tax expense
7 Current tax 614.60 642.00
8 Deferred tax 39.00 478.90
9 Total tax expenses 653.60 1,120.90
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 2,328.60 3,800.40
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 2,328.60 3,800.40
17 Other comprehensive income net of taxes 5.60 11.20
18 Total Comprehensive Income for the period 2,334.20 3,811.60
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 4,520.20 4,520.20
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 1.15 1.88
Diluted earnings (loss) per share from continuing operations 1.15 1.88
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 1.15 1.88
Diluted earnings (loss) per share from continuing and discontinued operations 1.15 1.88
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 unaudited standalone financial results of the Company for the quarter and half year ended September 30, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meeting held on October 19, 2026. The Statutory auditors have carried out a limited review of these results. 2 The unaudited standalone financial results of the Company have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 34, Interim Financial Reporting as prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 (as amended). 3 The figures for the quarter and half year ended September 30, 2025 have been extracted from the company's unaudited standalone financial statements as approved by the Board of Directors, which were neither subjected to review nor audit by the Statutory Auditors. However, the management has exercised necessary due diligence to ensure that the financial results for such periods provide a true and fair view of Company's affairs. 4 The Company’s equity shares have been listed on the National Stock Exchange of India (NSE) and on BSE Limited (BSE) on September 29, 2026, by completing Initial Public Offering of 47,839,255 equity shares of face value of Rs. 2 each at an issue price of Rs. 148 per equity share, comprising of offer for sale of 26,217,634 equity shares by selling shareholders and 21,621,621 fresh issue of equity shares. 5 The utilisation of the lPO proceeds is summarized below: - Objects of the issue as per the prospectus Utilisation planned as per prospectus* Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon Rs. 2,150 Millions Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by wholly-owned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), through investment in such Subsidiaries Rs. 300 Millions General Corporate purpose Rs. 480.03 Millions * net of share issue expenses of INR 269.97 Millions Unutilised as at September 30, 2026 # # the above mentioned unutilised proceeds is held in deposits/accounts in Monitoring accounts. 6 The Company's business falls under single operating segment of manufacturing and selling of tiles and related products. Hence, there are no reportable segment disclosure under lnd AS 108, Operating Segments. 7 Effective April 01, 2026, the Company has changed the method of depreciation, based on review of key operational estimates including an operational efficiency and patten in which the future economic benefits of these assets are expected to be consumed, from diminishing balance method to straight line method. Accordingly, change in method of depreciation of the said asset is being applied prospectively in accordance with Ind AS 8 - Accounting Policies, Change in Accounting Estimates and Errors Had the Company continued with the previous estimated method for charging depreciation, charge for depreciation would have been higher by Rs. 105.58 Millions for the quarter and by Rs. 210.17 Millions for half-year ended September 30, 2026, net profit have been lower by Rs. 79.01 Millions for the quarter and by Rs. 157.27 Millions for half-year ended September 30, 2026. 8 (i) The Government of India has consolidated 29 existing labour legislations into a unified framework comprising four Labour Codes, viz. Code on Wages, 2019, Code on Social Security, 2020, Industrial Relations Code, 2020 and Occupational Safety, Health and Working Conditions Code 2020 collectively referred to as the New Labour Codes. These Codes have been made effective from November 21, 2025. In accordance with the guidance issued by the Institute of Chartered Accountants of India and based on actuarial valuation, the company has estimated the financial implications thereof and made additional provision of Rs. 7.24 Millions towards gratuity disclosed under Exceptional items in the Statement for the year ended March 31, 2026. (ii) During the quarter ended September 30, 2026, the Company has executed the Memorandum of Understanding dated September 05, 2026 by and amongst the Company, Chaturbhai Kamarshibhai Detroja, Kiritkumar Karamsibhai Detroja and Simola Tiles LLP for sale of the operations of Simola Tiles LLP, a subsidiary of the Company due to lack of strategic fit and continued losses for a consideration of Rs. 373.50 Millions. Accordingly, the Company has incurred a loss on sale of investment and call option of Rs. 178.67 Millions and same has been charged under Exceptional items in the Statement for the quarter and half year ended September 30, 2026. 9 During the quarter ended September 30, 2026, the Company has allotted 27,65,095 equity shares of face value of Rs. 2/- each to eligible employees upon exercise of stock options under the Varmora Employee Stock Option Plan 2023.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 45,918.40
Capital work-in-progress 3,480.10
Investment property
Goodwill 0.00
Other intangible assets 63.50
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 7,105.00
Trade receivables, non-current 0.00
Loans, non-current 488.00
Other non-current financial assets
1 Other financial assets 521.60
Total of other non-current financial assets 521.60
Total non-current financial assets 8,114.60
Deferred tax assets (net) 0.00
Other non-current assets
1 Non current tax assets (net) 42.00
2 Other non-current assets 427.70
Total of other non-current assets 469.70
Total non-current assets 58,046.30
2 Current assets
Inventories 24,883.70
Current financial asset
Current investments 0.00
Trade receivables, current 31,200.30
Cash and cash equivalents 37,160.60
Bank balance other than cash and cash equivalents 5,857.60
Loans, current 7,850.00
Other current financial assets
Total of other current financial assets 5,419.00
Total current financial assets 87,487.50
Current tax assets (net)
Other current assets
1 Other current assets 2,649.80
Total of other current assets 2,649.80
Total current assets 1,15,021.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 1,73,067.30
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 4,520.20
Other equity 1,10,108.20
Total equity attributable to owners of parent 1,14,628.40
Non controlling interest
Total equity 1,14,628.40
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 12,150.30
Trade payables, non-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 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liability 1,542.10
Total of other non-current financial liabilities 1,542.10
Total non-current financial liabilities 13,692.40
Provisions, non-current 614.20
Deferred tax liabilities (net) 94.20
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 1,449.20
Total of other non-current liabilities 1,449.20
Total non-current liabilities 15,850.00
Current liabilities
Current financial liabilities
Borrowings, current 15,340.30
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 269.80
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 15,477.90
Total Trade payable 15,747.70
Other current financial liabilities
1 Lease Liability 204.20
2 Other financial liabilities 7,897.00
Total of other current financial liabilities 8,101.20
Total current financial liabilities 39,189.20
Other current liabilities 2,731.60
1 Contract liabilities 1,072.90
2 Other current liabilities 1,658.70
Total of other current liabilities 2,731.60
Provisions, current 43.20
Current tax liabilities (Net) 624.90
Deferred government grants, Current 0.00
Total current liabilities 42,588.90
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 58,438.90
Total equity and liabilites 1,73,067.30
Disclosure of notes on assets and liabilities



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 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
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 Items that will not be reclassified to profit or loss 7.60 15.10
Total Amount of items that will not be reclassified to profit and loss 7.60 15.10
2 Income tax relating to items that will not be reclassified to profit or loss 2.00 3.90
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
5 Total Other comprehensive income 5.60 11.20



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 4,921.30
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1,131.10
Adjustments for decrease (increase) in inventories (3,881.00)
Adjustments for decrease (increase) in trade receivables, current 1,070.70
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (194.30)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 80.10
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (3,044.10)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,620.40
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 519.40
Adjustments for provisions, current 76.80
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 5,108.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 657.90
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) 1,740.60
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) 3,569.80
Net cash flows from (used in) operations 8,491.10
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 772.20
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 7,718.90
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 700.00
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 397.30
Purchase of property, plant and equipment 1,476.80
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 2,587.70
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 451.70
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (2,701.80)
Net cash flows from (used in) investing activities (6,617.30)
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 29,604.30
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 1,541.60
Repayments of borrowings 1,982.50
Payments of lease liabilities 138.30
Dividends paid 0.00
Interest paid 1,081.90
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 27,943.20
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 29,044.80
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 29,044.80
Cash and cash equivalents cash flow statement at beginning of period 8,115.80
Cash and cash equivalents cash flow statement at end of period 37,160.60





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 25-09-2026
Amount Raised 32,000.00
Report filed for Quarter ended 30-09-2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CRISIL RATINGS LIMITED
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon - 21,500.00 0.00 0.00 0.00 net of share issue expenses of Rs. 269.97 Million
2 Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by wholly-owned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), through investment in such Subsidiaries - 3,000.00 0.00 0.00 0.00
3 General Corporate purpose - 4,800.30 0.00 0.00 0.00


Signatory Details

Name of signatory BHAVESH VARMORA
Designation of person Managing Director
Place AHMEDABAD
Date 19-10-2026




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Varmora Granito Limited Allemby Ceramics Private Limited Joint venture Interest received 0.00 - 63.80 0.00 0.00
2 Varmora Granito Limited Allemby Ceramics Private Limited Joint venture Inter-corporate deposit 0.00 - 2,300.00 160.70 2,513.80 Inter-corporate deposit 9.00 On Demand Unsecured Business purpose
3 Varmora Granito Limited Allemby Ceramics Private Limited Joint venture Investment 0.00 - 700.00 1,800.00 2,500.00
4 Varmora Granito Limited Allemby Ceramics Private Limited Joint venture Sale of goods or services 25,000.00 - 4.50 0.00 1.20 Textual Information(1)
5 Varmora Granito Limited Ashokbhai Naranbhai Patel Close members of Key Managerial Personnel Sale of goods or services 0.00 - 0.20 0.60 0.90
6 Varmora Granito Limited Avalta Granito Private Limited Joint venture Interest received 0.00 - 16.90 435.80 452.70 Inter-corporate deposit 9.00 On Demand Unsecured Business purpose Textual Information(2)
7 Varmora Granito Limited Bharat Vallabhbhai Varmora Close members of Key Managerial Personnel Any other transaction Reimbursement of expense 0.00 - 1.10 0.10 0.00
8 Varmora Granito Limited Bharat Vallabhbhai Varmora Close members of Key Managerial Personnel Sale of goods or services 0.00 - 0.00 0.10 0.20
9 Varmora Granito Limited Bhaveshbhai Vallabhbhai Varmora Key Management Personnel Any other transaction Reimbursement of expense 0.00 - 10.20 0.00 0.70
10 Varmora Granito Limited Bhaveshbhai Vallabhbhai Varmora Key Management Personnel Sale of goods or services 0.00 - 0.00 0.00 0.00
11 Varmora Granito Limited Covertek Ceramica Private Limited Subsidiaries Interest received 0.00 - 79.10 1,753.10 1,832.20 Inter-corporate deposit 9.00 On Demand Unsecured Business purpose Textual Information(3)
12 Varmora Granito Limited Covertek Ceramica Private Limited Subsidiaries Purchase of goods or services 15,000.00 - 3,631.00 1,784.60 2,447.20 Textual Information(4)
13 Varmora Granito Limited Covertek Ceramica Private Limited Subsidiaries Purchase of goods or services 0.00 - 0.20 0.00 0.00
14 Varmora Granito Limited Covertek Ceramica Private Limited Subsidiaries Sale of goods or services 0.00 - 16.40 2.90 0.00
15 Varmora Granito Limited Fiorenza Granito Private Limited Associate Interest received 0.00 - 7.40 190.50 197.90 Inter-corporate deposit 9.00 On Demand Unsecured Business purpose Textual Information(5)
16 Varmora Granito Limited Fiorenza Granito Private Limited Associate Purchase of goods or services 500.00 - 78.90 57.00 (292.00) Textual Information(6)
17 Varmora Granito Limited Fiorenza Granito Private Limited Associate Sale of goods or services 0.00 - 0.60 0.00 0.10
18 Varmora Granito Limited Hiren Ramanbhai Varmora Key Management Personnel Any other transaction Reimbursement of expense 0.00 - 16.70 0.20 0.00
19 Varmora Granito Limited Hiren Ramanbhai Varmora Key Management Personnel Sale of goods or services 0.00 - 0.00 0.10 0.10
20 Varmora Granito Limited Kevin Pramodbhai Varmora Close members of Key Managerial Personnel Any other transaction Reimbursement of expense 0.00 - 2.40 0.00 2.20
21 Varmora Granito Limited Krutika Bhavesh Koshti Close members of Key Managerial Personnel Any other transaction Other expense 0.00 - 19.80 4.30 0.00
22 Varmora Granito Limited Renite Vitrified LLP Joint venture Purchase of goods or services 500.00 - 185.30 0.00 (400.00) Textual Information(7)
23 Varmora Granito Limited Renite Vitrified LLP Joint venture Sale of goods or services 0.00 - 263.60 11.20 145.80
24 Varmora Granito Limited Sentosa Granito Private Limited Associate Purchase of goods or services 500.00 - 55.60 70.90 7.30 Textual Information(8)
25 Varmora Granito Limited Simola Tiles LLP Subsidiaries Interest received 0.00 - 100.10 0.00 0.00 Textual Information(9)
26 Varmora Granito Limited Simola Tiles LLP Subsidiaries Inter-corporate deposit 0.00 - 25.00 0.00 0.00 Textual Information(10)
27 Varmora Granito Limited Simola Tiles LLP Subsidiaries Inter-corporate deposit 0.00 - 25.00 2,568.70 2,668.70 Inter-corporate deposit 9.00 On Demand Unsecured Business purpose Textual Information(11)
28 Varmora Granito Limited Simola Tiles LLP Subsidiaries Purchase of goods or services 2,000.00 - 28.90 0.00 34.10 Textual Information(12)
29 Varmora Granito Limited Simola Tiles LLP Subsidiaries Sale of goods or services 0.00 - 2.20 424.40 227.10 Textual Information(13)
30 Varmora Granito Limited Suryanarayanan Sivaramakrishnan Key Management Personnel Any other transaction Other expense 0.00 - 6.00 (0.10) 0.00
31 Varmora Granito Limited Varmora Plastech Private Limited Enterprise Controlled by the key management personnel or Individual having significant control or their Relatives Any other transaction Other expense 0.00 - 17.90 (0.80) 2.40
32 Varmora Granito Limited Varmora Plastech Private Limited Enterprise Controlled by the key management personnel or Individual having significant control or their Relatives Purchase of goods or services 250.00 - 0.80 0.00 0.00 Textual Information(14)
33 Varmora Granito Limited Varmora Sanitarywares Private Limited Subsidiaries Interest received 0.00 - 19.70 437.70 457.40 Inter-corporate deposit 9.00 20/05/2030 Unsecured Business purpose Textual Information(15)
34 Varmora Granito Limited Varmora Sanitarywares Private Limited Subsidiaries Purchase of goods or services 6,000.00 - 1,703.10 553.40 238.90 Textual Information(16)
35 Varmora Granito Limited Varmora Sanitarywares Private Limited Subsidiaries Sale of goods or services 0.00 - 3.90 0.00 0.00
36 Varmora Granito Limited Pramodkumar Parsotambhai Patel Key Management Personnel Sale of goods or services 0.00 - 0.00 0.00 0.00
37 Varmora Granito Limited Manish Vallabhbhai Varmora Close members of Key Managerial Personnel Sale of goods or services 0.00 - 0.00 0.20 0.20
38 Varmora Granito Limited Prakashbhai Varmora Close members of Key Managerial Personnel Sale of goods or services 50.00 - 0.00 0.00 0.00 Textual Information(17)
39 Varmora Granito Limited Manish Vallabhbhai Varmora Close members of Key Managerial Personnel Remuneration 50.00 - 17.10 0.00 17.10 Textual Information(18)
40 Varmora Granito Limited Bhaveshbhai Vallabhbhai Varmora Key Management Personnel Remuneration 50.00 - 17.10 0.00 17.10 Textual Information(19)
41 Varmora Granito Limited Bharat Vallabhbhai Varmora Close members of Key Managerial Personnel Remuneration 50.00 - 17.10 0.00 17.10 Textual Information(20)
42 Varmora Granito Limited Hiren Ramanbhai Varmora Key Management Personnel Remuneration 50.00 - 17.10 0.00 17.10 Textual Information(21)
43 Varmora Granito Limited Pramodkumar Parsotambhai Patel Key Management Personnel Remuneration 50.00 - 17.10 0.00 17.10 Textual Information(22)
44 Varmora Granito Limited Ashokbhai Naranbhai Patel Close members of Key Managerial Personnel Remuneration 50.00 - 12.90 0.00 12.90 Textual Information(23)
45 Varmora Granito Limited Bhaveshkumar Harishkumar Koshti Key Management Personnel Remuneration 0.00 - 44.40 0.00 44.40
46 Varmora Granito Limited Nilesh Sharma Key Management Personnel Remuneration 0.00 - 15.20 0.00 15.20
47 Varmora Granito Limited Adarsh Harilal Patel Close members of Key Managerial Personnel Remuneration 50.00 - 12.90 0.00 12.90 Textual Information(24)
48 Covertek Ceramica Private Limited Bhavnaben Ramanbhai Varmora Close members of Key Managerial Personnel Any other transaction Rent expense 0.00 - 2.50 0.00 2.30
49 Covertek Ceramica Private Limited Ranjanben Vallabhbhai Varmora Close members of Key Managerial Personnel Any other transaction Rent expense 0.00 - 1.50 0.00 1.40
50 Simola Tiles LLP Rajeshkumar Naranbhai Shirvi Key Management Personnel Any other transaction Other receivable 0.00 - 0.00 220.00 220.00 Textual Information(25)
Total value of transaction during the reporting period 9,561.20



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Textual Information(1) This is combined limit approved for sale and purchase of goods
Textual Information(2) Inter-corporate deposit
Textual Information(3) Inter-corporate deposit
Textual Information(4) This is combined limit approved for sale and purchase of goods
Textual Information(5) Inter-corporate deposit
Textual Information(6) This is combined limit approved for sale and purchase of goods
Textual Information(7) This is combined limit approved for sale and purchase of goods
Textual Information(8) This is combined limit approved for sale and purchase of goods
Textual Information(9) Subsidiary till 05 September 2026
Textual Information(10) Subsidiary till 05 September 2026
Textual Information(11) Subsidiary till 05 September 2026
Textual Information(12) Subsidiary till 05 September 2026. This is combined limit approved for sale and purchase of goods
Textual Information(13) Subsidiary till 05 September 2026
Textual Information(14) This is combined limit approved for sale and purchase of goods
Textual Information(15) Inter-corporate deposit
Textual Information(16) This is combined limit approved for sale and purchase of goods
Textual Information(17) This is combined limit approved for sale and purchase of goods
Textual Information(18) This is combined limit approved for sale and purchase of goods and remuneration
Textual Information(19) This is combined limit approved for sale and purchase of goods and remuneration
Textual Information(20) This is combined limit approved for sale and purchase of goods and remuneration
Textual Information(21) This is combined limit approved for sale and purchase of goods and remuneration
Textual Information(22) This is combined limit approved for sale and purchase of goods and remuneration
Textual Information(23) This is combined limit approved for sale and purchase of goods and remuneration
Textual Information(24) This is combined limit approved for sale and purchase of goods and remuneration
Textual Information(25) Subsidiary till 05 September 2026