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The financial results for the year ended 31 March 2025 have been audited by the Statutory Auditors of the Parent Company. <BR> <BR> 2) These consolidated financial results have been prepared in accordance with Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015. <BR> <BR> 3 The consolidated financial results include the financial results of the Parent Company and the financial results of the following subsidiaries and step-down subsidiaries (collectively referred as ‘the Group’): <BR> <BR> A. VGL Retail Ventures Limited, Mauritius <BR> a. Shop TJC Limited, UK <BR> i. Shop LC Global Inc., USA <BR> ii. Mindful Souls BV, Netherlands (acquired on 26 September 2023) <BR> B. STS Global Supply Limited, Hong Kong <BR> a. Pt. STS Bali, Indonesia <BR> b. STS (Guangzhou) Trading Limited, China <BR> C. STS Jewels Inc., USA <BR> D. STS Global Limited, Thailand <BR> E. STS Global Limited, Japan <BR> F. Vaibhav Lifestyle Limited, India <BR> G. Shop LC GmbH, Germany <BR> H. Vaibhav Vistar Limited, India (Up to 18 January 2025) <BR> I. Encase Packaging Private Limited, India (Up to 30 September 2024) <BR> J. Vaibhav Global Employee Stock Option Welfare Trust <BR> <BR> 4) The Parent 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 <BR> <BR> 5) Item exceeding 10% of total expenditure (included in other expenses): <BR> <BR> Particulars 31-Mar-25 31-Dec-24 31-Mar-24 31-Mar-25 31-Mar-24 <BR> Content and <BR> broadcasting expenses 50,172.40 17,472.56 16,536.30 14,106.86 65,021.57 <BR> <BR> 6) 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. <BR> <BR> 7) The Board of Directors of the Parent Company 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. <BR> <BR> In 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. <BR> <BR> 8) Exceptional item consists of the following impairment expenses: <BR> <BR> Particulars Quarter ended Year ended <BR> 31-Mar-25 31-Dec-2024 31-Mar-24 31-Mar-25 31-Mar-24 <BR> Impairment of Property, <BR> plant and equipment <BR> (including capital work in progress) - 257.43 - 649.21 <BR> Impairment of Goodwill <BR> - - 156.94 - 156.94 <BR> Total - - 414.37 - 806.15 <BR> <BR> 9) The Group 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 Group’s financial position, results of operations, or cash flows for the reporting period. The Management continues to monitor developments in global trade policies and will take appropriate actions, if necessary, to mitigate any future risks that may arise. <BR> <BR> 10) During current quarter, the Board of Directors of Vaibhav Vistar Limited, India and Vaibhav Lifestyle Limited, India at their respective meetings held on 18 January 2025, have decided to call-off the merger earlier approved on 23 May 2024. <BR> <BR> 11) During current quarter, the Parent 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. <BR> <BR> 12) 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. <BR> <BR> 13) Segment information as per Ind AS – 108, ‘Operating Segments’ is disclosed in Annexure - I. <BR> 2024-04-012025-03-31AuditedConsolidated337957680002803950003407616300036980770008899619000-906095000600190700014942600010217130001320992200032074569000200159400002001594000653985000-183693000470292000015313020000000153130200022195800017532600001533597000-22950001755555000-2295000332226000209.259.1009.259.1000Other Expenses3358560000Other Expenses13209922000209818000063220001106772000119804700012548700001004470000028000070640000845990001552670004751880001165580006511651000700827400011598260003235567000911850000380724000142450004315720006133784000073947900013881537000689900002040008700033222600013167393000134996190000134996190000000879227000879227000109628000575810000010464360001139536000023333510002333351000109621600045691030001018107000411940002256280000585403200000690046800020400087000United States of America5321244000United Kingdom2247758000India1736765000Europe (excluding United Kingdom)950947000Rest of world774858000Inter Company elimination0United States of America20725512000United Kingdom9341478000India6918719000Europe (excluding United Kingdom)3788054000Rest of world3858217000Inter Company elimination01103157200044631980000253361300010836212000849795900033795768000United States of America380422000United Kingdom250124000India366660000Europe (excluding United Kingdom)83755000Rest of world296164000Inter Company elimination-926285000United States of America1567143000United Kingdom1085308000India1485722000Europe (excluding United Kingdom)-191809000Rest of world1151666000Inter Company elimination-2947010000450840000215102000038287000149426000004125530002001594000United States of America12468514000United Kingdom18397214000India9089960000Europe (excluding United Kingdom)1582660000Rest of world17817020000Inter Company elimination-3895528100020400087000020400087000United States of America5396925000United Kingdom3134942000India2761158000Europe (excluding United Kingdom)3686855000Rest of world615202000Inter Company elimination-8694614000690046800006900468000149426000-878341000-3060400000-43242100000003399640000-11834000010217130003094300000000-204540000122164000170200000-277490000-1496700005683000018244600021840400000005361960000164784400085687000842150000000001902000346794000350068200032833490004271700000000000007458100000008717900000-707720000000003829100001104450000272433000104104300013395800000-129869800027837400018718000297092000614758000911850000Remeasurement of defined benefit plans-6667000-6667000Remeasurement of defined benefit plans-15768000-15768000-2271000-5451000Exchange difference on translation of foreign operations5359600053596000Exchange difference on translation of foreign operations2322750002322750000049200000221958000AuditedtrueBSR & CO LLPtrue2025-07-31