5078802025-04-012025-06-305078802025-04-012025-06-30in-capmkt:OtherExpenses1Member5078802025-04-012025-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares507880VIPINDNOTLISTEDINE054A01027VIP Industries LimitedMain BoardEquity2025-04-012026-03-312025-08-062025-07-30INRCroresQuarterlyFirst quarterSingle segmentManufacturing of luggage and travel accessories2025-08-0614:00:002025-08-0616:30:00Not applicablefalsefalseThere was no default on loans during the quarter ended 30th June 2025.2025-04-012025-06-30UnauditedStandalone56112000005660000056678000001347500000164130000045700000036860000015600000028990000016666000005926900000-259100000-50700000-3098000000-76500000-765000000-2333000000000-233300000-2500000-2358000002840000002-1.64-1.6400-1.64-1.641) The results for the quarter ended June 30 2025 were reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on August 06 2025. The above results for the quarter ended June 30 2025 have been reviewed by the Statutory Auditors of the Company in terms of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 as amended. <BR> <BR> 2) This statement has been prepared in accordance with the Companies Indian Accounting Standards Rules 2015 Ind AS prescribed under section 133 of the Companies Act 2013 and other recognised accounting practices and policies to the extent applicable. <BR> <BR> 3) The Companys business segment consists of a single segment of Manufacturing and marketing of luggage and bags as per Indian Accounting Standard Ind AS 108 Operating segment requirement. <BR> <BR> 4) The consolidated financial results for the quarter ended June 30 2025 include the results of its subsidiary companies viz VIP Industries Bangladesh Private Limited VIP Industries BD Manufacturing Private <BR> Limited VIP Luggage BD Private Limited VIP Accessories BD Private Limited and Blow Plast Retail Limited. <BR> <BR> 5) The exceptional Item disclosed above in the stondalone and consolidated results for the quarter ended June 30 2025 includes loss of Rs. 5.07 Crores relating to loss of property, plant and equipment and <BR> inventories that were destroyed due to a fire at the Companys regional warehouse at Guwahati on May 17 2025. The Company has initiated its insurance claim process and considering the Companys insurance <BR> policy it expects the loss to be adequately covered. <BR> <BR> In addition to the loss of Rs. 5.07 Crores referred above the exceptional Item disclosed in the consolidated results for the quarter ended June 30 2025 also includes an income of Rs. 7.00 Crores against a <BR> partial receipt of the insurance claim from the Insurance Company relating to a loss of property plant and equipment and inventories that were destroyed due to a major fire at a plant of the Companys subsidiary <BR> VIP Industries Bangladesh Private Limited located in Bangladesh on January 31 2023. Accordingly the net income of Rs. 1.93 Crores has been disclosed as exceptional item for the quarter ended June 30 2025. <BR> <BR> The Exceptional Item disclosed above in the consolidated results for the quarter ended March 31 2025 and year ended March 31 2025 relates to a partial receipt of the insurance claim from the Insurance company against the claim lodged with reference to a loss of property plant and equipment and inventories that were destroyed due to a major fire at a plant of the Companys subsidiary VIP Industries Bangladesh Private Limited located in Bangladesh on January 31 2023. <BR> <BR> 6) The Nomination and Remuneration Committee of the Board of Directors of the Company at it meeting held on May 13 2025 approved to grant new stock appreciation rights to eligible employees of the Company in <BR> accordance with the terms and conditions of the VIP Employees Stock Appreciation Rights plan 2018 named ESARP 2018 as approved by the shareholders of the Company on July 17 2018. Accordingly during <BR> the quarter ended June 30 2025 the Company has granted 60000 stock appreciation rights to eligible employees resulting in a net expense of Rs. 0.08 Crores. <BR> <BR> 7) The figures of the quarter ended March 31 2025 are balancing figures between the audited figures in respect of the full financial year ended on March 31 2025 and the unaudited published year to date figures <BR> up to third quarter ended on December 31 2024, which were subjected to Limited review by the Statutory Auditors. <BR> <BR> 8) The Company was Involved in an ongoing litigation regarding the use of a trademark. The Division Bench of Honble Delhi High Court vide order dated July 1 2025 has dismissed the appeal filed by the Company <BR> against the interim order granting injunction in favour of the Company dated July 17 2023. The Company had filed a special leave petition before the Honble Supreme Court of India against the order of the Division Bench of Honble Delhi High Court. The Honble Supreme Court of India vide its order dated August 01 2025 disposed off the special leave petition allowing the Company six months to sell the existing stock subject to conditions mentioned therein. <BR> <BR> 9) Certain entities forming part of the promoter group the Sellers of the Company have entered into an agreement with Multiples Private Equity Fund and other parties the Purchasers for the sale of up to <BR> 45446305 equity shares held by the Sellers in the Company Sale Shares constituting approximately 32 percent of the total paid up share capital of the Company.The transaction is subject to approval of the <BR> Competition Commissionof India CCI. <BR> <BR> An intimation under Regulation 30 read with Regulation 30A and Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations2015 Listing Regulations in this regard has been filed with <BR> the stock exchanqeson July 13 2025. <BR> <BR> 10) A commercial Suit is filed against the Companyat Bombay City Civil Court, by a Companybased in China in respect of commercial dispute for recovery of amount of Rs.6.41 crores towards supply of material to the <BR> Companynot acknowledgedas debts. The Companyis defending the matter and has obtained an independent legal opinionand accordingly no provision for any liability has been made in the financial results.Other expenses1666600000Amount of items that will not be reclassified to profit and loss-3200000-3200000-7000000-2500000