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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	21-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	08-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
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	n Manufacturing , Sourcing and selling of fashion jewelry and life style productn
Start date and time of board meeting	21-May-2025   18:00:00
End date and time of board meeting	21-May-2025   23:30:00
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	Declaration of unmodified opinion
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	2025-01-29
Indicate Company website link for updated RPT policy of the Company	https://www.vaibhavglobal.com/code-policies
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
Manufacturing , Sourcing and selling of fashion jewelry and life style product n

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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	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	1706225000	6736450000
	Other income	356398000	1243468000
	Total income	2062623000	7979918000
2	Expenses
(a)	Cost of materials consumed	1060428000	4166919000
(b)	Purchases of stock-in-trade	81191000	398269000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	134362000	60435000
(d)	Employee benefit expense	158118000	659725000
(e)	Finance costs	25442000	85502000
(f)	Depreciation, depletion and amortisation expense	17342000	69498000
(f)	Other Expenses
1	Other Expenses	255668000	1083290000
	Total other expenses	255668000	1083290000
	Total expenses	1732551000	6523638000
3	Total profit before exceptional items and tax	330072000	1456280000
4	Exceptional items	503342000	468823000
5	Total profit before tax	833414000	1925103000
6	Tax expense
7	Current tax	11396000	86212000
8	Deferred tax	-4187000	-1390000
9	Total tax expenses	7209000	84822000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	826205000	1840281000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	826205000	1840281000
17	Other comprehensive income net of taxes	-4227000	-10148000
18	Total Comprehensive Income for the period	821978000	1830133000
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	332226000	332226000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	4.97	11.1
	Diluted earnings (loss) per share from continuing operations	4.9	10.92
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	4.97	11.1
	Diluted earnings (loss) per share from continuing and discontinued operations	4.9	10.92
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes: n n1) The above standalone financial results for the quarter and year ended 31 March 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 21 May 2025. The financial results for the year ended 31 March 2025 have been audited by the Statutory Auditors of the Company. n n2) These standalone 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. n n3) The Company has allotted 121,963 and 580,761 equity shares having face value of Rs. 2/- each for the quarter ended 31 March 2025 and year ended 31 March 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 n n4) The Income Tax Department (“the ITD”) conducted a Survey proceeding under section 133A of the Act at the premises of the Company in November 2021. Subsequently, the Company is providing all cooperation and necessary data/documents/information. During previous year, the Company received notices under Section 142(1) for Assessment Year 2019 – 20 to Assessment Year 2022 – 23 requiring further information. As on date, based upon the nature, the management does not expect any liability to arise out of these proceedings. n n5) The Board of Directors in their meeting dated 21 May 2025 have recommended final dividend of Rs. 1.5/- per fully paid-up equity shares of Rs. 2/- each, subject to approval of shareholders. n nIn addition to the above final dividend of Rs. 1.50/- i.e., 75% on equity share capital, interim dividends aggregating to Rs. 4.50/- per share (Rs. 1.5/- per share per quarter) were declared and paid during the current period. Hence, total dividend of Rs. 6.00/- per share have been declared during the current year. n n6) Exceptional items are as below: n nParticularst Quarter endedt Year ended nt 31-Mar-25t 31-Dec-2024t 31-Mar-24 31-Mar-25 31-Mar-24 nReversal of impairment of ninvestment in STS Jewels 2,455.55t-t -t 2,455.55t - n Inc. USAt n nReversal of impairment of ninvestment in STS Global 1,471.87t-t -t 1,471.87t - nLimited, Thailand t n nReversal of / (Charge for) n impairment of loan to 672.63t-t 70.00t 366.47t (500.00) nVaibhav Lifestyle Limitedt nReversal of / (Charge for) nimpairment of other receivable nfrom Vaibhav Lifestyle Limitedt433.37t-t (394.34)t 394.34t (394.34) nCharge for impairment of ninvestment in Vaibhav - t-t (140.00)t -t (1,098.50) nLifestyle Limited nt nCharge for impairment of n investment in Encase -t -t (360.00)t-t (360.00) nPackaging Private Limitedt nTotaltt 5,033.42t-t (824.34)t4,688.23 (2,352.84) nttt n7) During current quarter, the Company has sold its entire investment in its Vaibhav Vistar Limited (Wholly owned Subsidiary) to an unrelated party at a total consideration of Rs. 850.00 lacs. The transaction was finalized on 18 January 2025. The sale is consistent with the Company’s strategic objectives and will allow for a more focused approach to its core operations. n n8) Pursuant to the approval from Board of Directors, the Company has transferred its call center business to Vaibhav Lifestyle Limited (a wholly owned subsidiary of the Company), which is not a separate major line of the Company’s business and accordingly the Company had entered into agreements for sale of call center business as a going concern on slump sale basis for a lump sum consideration amounting to Rs. 1,528.00 lacs. The Company has earned profits of Rs. 572.24 lacs arising on the proposed sale and accounted for the same as an exceptional item. The sale is effective from 01 February 2025. The results for the year ended 31 March 2025 include revenue from this call center business amounting to Rs. 1,456.26 lacs (31 March 2024: Rs. 1,377.99 lacs) respectively. n n9) The Company is currently evaluating the potential impact of recent tariff measures introduced by the United States Government on certain categories of Indian exports, including goods relevant to the Company’s product portfolio. Based on the preliminary assessment and the current level of exposure to the U.S. market, the Management believes that these tariff measures are not expected to have a material impact on the Company’s financial position, results of operations, or cash flows for the reporting period. The Company continues to monitor developments in global trade policies and will take appropriate actions, if necessary, to mitigate any future risks that may arise. n n10) During current quarter, the Company’s registered office is shifted from K-6B, Fateh Tiba, Adarsh Nagar, Jaipur, 302004, Rajasthan to E-69, EPIP, Sitapura Industrial Area, Jaipur, 302022, Rajasthan to carry on business of the Company more efficiently and with better operational convenience. n n11) The figures for the quarter ended 31 March 2025 and 31 March 2024 are the balancing figures between the audited figures in respect of full financial year and published year to date figures up to 31 December 2024 and 31 December 2023. Also, the figures up to the end of third quarter of the respective year were only reviewed and not subject to audit. n n12) As per Ind AS 108, ‘Operating Segments’, the Company has disclosed the segment information only as part of the consolidated financial results. n

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

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	604117000
	Capital work-in-progress	0
	Investment property	0
	Goodwill	0
	Other intangible assets	21125000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	3320579000
	Trade receivables, non-current	0
	Loans, non-current	70640000
	Other non-current financial assets	9058000
	Total non-current financial assets	3400277000
	Deferred tax assets (net)	190395000
	Other non-current assets	47149000
	Total non-current assets	4263063000
2	Current assets
	Inventories	1405662000
	Current financial asset
	Current investments	15214000
	Trade receivables, current	2114852000
	Cash and cash equivalents	383872000
	Bank balance other than cash and cash equivalents	285265000
	Loans, current	217548000
	Other current financial assets	280565000
	Total current financial assets	3297316000
	Current tax assets (net)	0
	Other current assets	252469000
	Total current assets	4955447000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	9218510000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	332226000
	Other equity	6577649000
	Total equity attributable to owners of parent	6909875000
	Non controlling interest
	Total equity	6909875000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	3606000
	Total non-current financial liabilities	3606000
	Provisions, non-current	99526000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	103132000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1139536000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	82060000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	811412000
	Total Trade payable	893472000
	Other current financial liabilities	40957000
	Total current financial liabilities	2073965000
	Other current liabilities	67294000
	Provisions, current	40104000
	Current tax liabilities (Net)	24140000
	Deferred government grants, Current	0
	Total current liabilities	2205503000
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	2308635000
	Total equity and liabilites	9218510000
	Disclosure of notes on assets and liabilities

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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
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
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
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	-6498000	-15599000
	Total Amount of items that will not be reclassified to profit and loss	-6498000	-15599000
2	Income tax relating to items that will not be reclassified to profit or loss	-2271000	-5451000
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	-4227000	-10148000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			1925103000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			85502000
	Adjustments for decrease (increase) in inventories			67808000
	Adjustments for decrease (increase) in trade receivables, current			-1141980000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			294461000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			255785000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			69498000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			-453823000
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-18180000
	Adjustments for dividend income			0
	Adjustments for interest income			0
	Adjustments for share-based payments			46640000
	Adjustments for fair value losses (gains)			-214000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			-57224000
	Other adjustments for non-cash items			4395000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-847332000
	Net cash flows from (used in) operations			1077771000
	Dividends received			-914013000
	Interest paid			0
	Interest received			-75361000
	Income taxes paid (refund)			31698000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			56699000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			355000
	Purchase of property, plant and equipment			85814000
	Proceeds from sales of investment property			86500000
	Purchase of investment property			15000000
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			137380000
	Cash receipts from repayment of advances and loans made to other parties			97077000
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			914013000
	Interest received			40547000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			68660000
	Net cash flows from (used in) investing activities	968958000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			38291000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			184161000
	Repayments of borrowings			0
	Payments of lease liabilities			0
	Dividends paid			996494000
	Interest paid			78433000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-3049000
	Net cash flows from (used in) financing activities			-855524000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			170133000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			1863000
	Net increase (decrease) in cash and cash equivalents			171996000
	Cash and cash equivalents cash flow statement at beginning of period			211876000
	Cash and cash equivalents cash flow statement at end of period			383872000