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INDUSTRIES LIMITEDMain BoardEquity2025-04-012026-03-312025-10-292025-10-15INRCroresQuarterlySecond quarterSingle segmentElectronics,Electricals and Consumer durables2025-10-2910:30:002025-10-2914:10:00trueCash Flow IndirectNot applicabletruetrueNANAfalsetrue2025-01-28https://www.vguard.in/uploads/investor_relations/POLICY-MATERIALITY-DEALING-RELATED-PARTY-TRANSACTIONS.pdffalsefalseThe Company has not defaulted on loans or debt securities during quarter. <BR> 2025-07-012025-09-30UnauditedStandalone127232000001863000001290950000034083000005091400000-54000000125310000085000002057000002171000000120840000008255000000825500000176300000-1050000016580000006597000000000659700000065970000043600000011.51.5001.51.500.14710.9812Notes to the unaudited standalone and consolidated financial results for the quarter and half year ended 30.09.2025 <BR> <BR> 1. The above unaudited standalone and consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under section 133 of Companies Act, 2013 read with relevant rules issued thereunder. <BR> <BR> 2. The above unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 were reviewed by the Audit Committee and approved by the Board of Directors and taken on record at the meetings held on October 29, 2025. <BR> <BR> 3. Based on the "management approach" as defined in Ind-AS 108 - Operating Segments, the Chief Operating Decision Maker evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments and segment information is presented accordingly. Accordingly, the management has identified Electronics, Electricals, Consumer Durables and Sunflame as business segments. Electronics includes Stabilizers, Digital UPS and Solar Inverters; Electricals includes PVC Insulated Cables, Switch Gears, Pumps and Modular Switches; Consumer Durables includes Electric Water Heaters, Solar Water Heaters, Fans, Kitchen Appliances and Air Coolers; Sunflame includes products sold under trademark Sunflame and Superflame. <BR> <BR> The company publishes the standalone financial results along with the consolidated financials results. In accordance with Ind AS 108, Operating segments, the company has disclosed the segment information only for the consolidated financial results. <BR> <BR> 4. The consolidated financial results include the results of the following entities: <BR> Holding Company: <BR> • V-Guard Industries Limited <BR> Subsidiaries (wholly owned): <BR> • V-Guard Consumer Products Limited <BR> • Guts Electro-Mech Limited <BR> • Sunflame Enterprises Private Limited <BR> Associate: <BR> • Gegadyne Energy Labs Private Limited <BR> <BR> 5. The Board of Directors in its meeting held on 29th July, 2025 have accorded in-principle approval for merger of Sunflame Enterprises Private Limited with the V-Guard Industries Limited (Holding Company), subject to necessary approvals. The proposed merger is being carried out to take advantage of synergies with the Holding Company. <BR> <BR> <BR> Initialled for identification purpose only <BR> This statement should be read with our report of even date <BR> 2025-04-012025-09-30UnauditedStandalone2678700000023500000027022000000662190000011079900000232300000254870000038200000407700000451220000025440900000158110000001581100000390100000-2580000036430000001216800000000012168000000121680000043600000012.782.77002.782.7700.11720.4239Other Expenses2171000000Other Expenses451220000035202000007555000002800000046070000050000000088858000000109000001933000009090000000110600000921800000148666000008556900000450400000391200000032980000046000007670000019500000479300000039150000013994000001514080000030007400000436000000202958000002073180000020731800000000044200000044200000019260000000063460000074900000375500000545240000058279000009170000006819800000786400000103480000000864100000000927560000030007400000The Company operates in multi segment ie. Electronics, Electricals and Consumer Durables. As per para 4 of Ind AS 108, the Company has opted for exemption for Segment information in the standalone Financial Statements and thus given in the consolidated financial statements. For the purpose of filing the Standalone Integrated Financials, we have chosen "Single segment". <BR> The Company operates in multi segment ie. Electronics, Electricals and Consumer Durables. As per para 4 of Ind AS 108, the Company has opted for exemption for Segment information in the standalone Financial Statements and thus given in the consolidated financial statements. For the purpose of filing the Standalone Integrated Financials, we have chosen "Single segment". <BR> 382000009340000012015000000-14730000000-45000000-52580000002990000004077000000897000000-6441000000-880000004400000160500000-110000000017100000006921000002273200000-14090000000442000000016903000000000000038000006261000000000000000000000014090000026000000-382400000-8612000000000002500000000332000001000000006536000003820000000-80000000029100000029100000300700000329800000000000V-Guard Industries Limited******Mithun K Chittilappilly******Promoter GroupRemuneration42000000Approval taken by the audit committee 2910000000The Audit Committee of the Company granted approval of Remuneration of Rs. 4.2 crores to Mr. Mithun K Chittilappilly, Managing Director. The said amount does not includes the PF, Gratuity, insurance, car, fuel, etc. The Committee also granted approval for payment of Commission at 1.5% of net profits as per section 198 of Companies Act, 2013. The Audit Committee granted said approval based on resolution passed by the shareholders in their Annual General Meeting.V-Guard Industries Limited******Mithun K Chittilappilly******Promoter GroupAny other transactionCompany contribution to provident fund2200000Approval taken by the audit committee 220000000The Audit Committee of the Company granted approval of Remuneration of Rs. 4.2 crores to Mr. Mithun K Chittilappilly, Managing Director. The said amount does not includes the PF, Gratuity, insurance, car, fuel, etc. The Committee also granted approval for payment of Commission at 1.5% of net profits as per section 198 of Companies Act, 2013. The Audit Committee granted said approval based on resolution passed by the shareholders in their Annual General Meeting.V-Guard Industries Limited******Mithun K Chittilappilly******Promoter GroupAny other transactionCommission25600000Approval taken by the audit committee 256000005640000025600000The Audit Committee of the Company granted approval of Remuneration of Rs. 4.2 crores to Mr. Mithun K Chittilappilly, Managing Director. The said amount does not includes the PF, Gratuity, insurance, car, fuel, etc. The Committee also granted approval for payment of Commission at 1.5% of net profits as per section 198 of Companies Act, 2013. The Audit Committee granted said approval based on resolution passed by the shareholders in their Annual General Meeting.V-Guard Industries Limited******Mithun K Chittilappilly******Promoter GroupDividend paidNot Applicable12950000000V-Guard Industries Limited******Ramachandran Venkataraman******Director and Chief Operating OfficerDividend paidNot Applicable350000000V-Guard Industries Limited******Antony Sebastian K******Whole-time DirectorDividend paidNot Applicable70000000V-Guard Industries Limited******Sudarshan Kasturi******Chief Financial OfficerDividend paidNot Applicable000V-Guard Industries Limited******Vikas Kumar Tak******Company SecretaryDividend paidNot Applicable000V-Guard Industries Limited******Kochouseph Chittilappilly******PromoterDividend paidNot Applicable6130000000V-Guard Industries Limited******Sheela Kochouseph Chittilappilly******Relative of KMPDividend paidNot Applicable1640000000V-Guard Industries Limited******Arun K Chittilappilly******Relative of KMPDividend paidNot Applicable5660000000V-Guard Industries Limited******Vidyavathi Ramachandran******Relative of KMPDividend paidNot Applicable50000000V-Guard Industries Limited******Radhika Ramachandran******Relative of KMPDividend paidNot Applicable50000000V-Guard Industries Limited******K Chittilappilly Trust******Enterprises in which KMP/ relatives of KMP can exercise significant influenceDividend paidNot Applicable3120000000V-Guard Industries Limited******Arav Chittilappilly Trust******Enterprises in which KMP/ relatives of KMP can exercise significant influenceDividend paidNot Applicable2780000000V-Guard Industries Limited******Anekha Chittilappilly Trust******Enterprises in which KMP/ relatives of KMP can exercise significant influenceDividend paidNot Applicable3200000000V-Guard Industries Limited******V-Guard Foundation******Enterprises in which KMP/ relatives of KMP can exercise significant influenceAny other transactionCSR DonationNot Applicable2550000000V-Guard Industries Limited******Guts Electro-Mech Limited******Wholly Owned SubsidiaryPurchase of goods or servicesNot Applicable39120000000The related party transaction is with wholly-owned subsidiary, which is exempt from approval of Audit Committee as per SEBI (LODR) Regulations, 2015. However, as a good corporate governance practice, the company has taken the approval from Audit Committee.V-Guard Industries Limited******Guts Electro-Mech Limited******Wholly Owned SubsidiarySale of goods or servicesNot Applicable240000000V-Guard Industries Limited******Guts Electro-Mech Limited******Wholly Owned SubsidiarySale of goods or servicesNot Applicable450000000V-Guard Industries Limited******Guts Electro-Mech Limited******Wholly Owned SubsidiaryAny other transactionReimbursement of expenses by subsidiaryNot Applicable810000000The related party transaction is with wholly-owned subsidiary, which is exempt from approval of Audit Committee as per SEBI (LODR) Regulations, 2015. However, as a good corporate governance practice, the company has taken the approval from Audit Committee.V-Guard Industries Limited******Guts Electro-Mech Limited******Wholly Owned SubsidiaryAny other transactionTrade ReceivableNot Applicable01160000016000000V-Guard Industries Limited******Guts Electro-Mech Limited******Wholly Owned SubsidiaryAny other transactionTrade PayablesNot Applicable0181500000228600000V-Guard Industries Limited******V-Guard Consumer Products Limited******Wholly Owned SubsidiaryPurchase of goods or servicesNot Applicable316460000000V-Guard Industries Limited******V-Guard Consumer Products Limited******Wholly Owned SubsidiarySale of goods or servicesNot Applicable6370000000V-Guard Industries Limited******V-Guard Consumer Products Limited******Wholly Owned SubsidiarySale of goods or servicesNot Applicable2250000000V-Guard Industries Limited******V-Guard Consumer Products Limited******Wholly Owned SubsidiaryAny other transactionRent receivedNot Applicable20000000The related party transaction is with wholly-owned subsidiary, which is exempt from approval of Audit Committee as per SEBI (LODR) Regulations, 2015. However, as a good corporate governance practice, the company has taken the approval from Audit Committee.V-Guard Industries Limited******V-Guard Consumer Products Limited******Wholly Owned SubsidiaryAny other transactionReimbursement of expenses by subsidiaryNot Applicable530000000The related party transaction is with wholly-owned subsidiary, which is exempt from approval of Audit Committee as per SEBI (LODR) Regulations, 2015. However, as a good corporate governance practice, the company has taken the approval from Audit Committee.V-Guard Industries Limited******V-Guard Consumer Products Limited******Wholly Owned SubsidiaryAny other transactionRent deposit ReceivedNot Applicable0100000100000The related party transaction is with wholly-owned subsidiary, which is exempt from approval of Audit Committee as per SEBI (LODR) Regulations, 2015. However, as a good corporate governance practice, the company has taken the approval from Audit Committee.V-Guard Industries Limited******V-Guard Consumer Products Limited******Wholly Owned SubsidiaryAny other transactionTrade receivablesNot Appliable02000000020000000V-Guard Industries Limited******V-Guard Consumer Products Limited******Wholly Owned SubsidiaryAny other transactionTrade payablesNot Appliable0541000000332100000V-Guard Industries Limited******Sunflame Enterprises Private Limited******Wholly Owned SubsidiaryPurchase of goods or servicesNot Applicable50000000The related party transaction is with wholly-owned subsidiary, which is exempt from approval of Audit Committee as per SEBI (LODR) Regulations, 2015. However, as a good corporate governance practice, the company has taken the approval from Audit Committee.V-Guard Industries Limited******Sunflame Enterprises Private Limited******Wholly Owned SubsidiarySale of goods or servicesNot Applicable210000000The related party transaction is with wholly-owned subsidiary, which is exempt from approval of Audit Committee as per SEBI (LODR) Regulations, 2015. However, as a good corporate governance practice, the company has taken the approval from Audit Committee.V-Guard Industries Limited******Sunflame Enterprises Private Limited******Wholly Owned SubsidiarySale of goods or servicesNot Applicable1050000000The related party transaction is with wholly-owned subsidiary, which is exempt from approval of Audit Committee as per SEBI (LODR) Regulations, 2015. However, as a good corporate governance practice, the company has taken the approval from Audit Committee.V-Guard Industries Limited******Sunflame Enterprises Private Limited******Wholly Owned SubsidiaryDividend receivedNot Applicable14090000000V-Guard Industries Limited******Sunflame Enterprises Private Limited******Wholly Owned SubsidiaryAny other transactionRent receivedNot Applicable70000000The related party transaction is with wholly-owned subsidiary, which is exempt from approval of Audit Committee as per SEBI (LODR) Regulations, 2015. However, as a good corporate governance practice, the company has taken the approval from Audit Committee.V-Guard Industries Limited******Sunflame Enterprises Private Limited******Wholly Owned SubsidiaryAny other transactionReimbursement of expenses by subsidiaryNot Applicable2490000000The related party transaction is with wholly-owned subsidiary, which is exempt from approval of Audit Committee as per SEBI (LODR) Regulations, 2015. However, as a good corporate governance practice, the company has taken the approval from Audit Committee.V-Guard Industries Limited******Sunflame Enterprises Private Limited******Wholly Owned SubsidiaryAny other transactionTrade ReceivablesNot Applicable02700000017000000V-Guard Industries Limited******Sunflame Enterprises Private Limited******Wholly Owned SubsidiaryAny other transactionTrade PayablesNot Applicable00600000V-Guard Industries Limited******Gegadyne Energy Labs Private Limited******Associate CompanyPurchase of goods or services9500000Approval taken by the audit committee 20000000V-Guard Industries Limited******Gegadyne Energy Labs Private Limited******Associate CompanyLoan66000000Approval taken by the audit committee 43000000160000000Loan0.097 MonthsSecuredGegadyne will utilize this loan for meeting urgent working capital needs.V-Guard Industries Limited******Gegadyne Energy Labs Private Limited******Associate CompanyAny other transactionInterest on loan given3500000Approval taken by the audit committee 180000000The Audit Committee approved the grant of loan to Gegadyne Energy Labs Private Limited upto a limit of Rs. 6.6 Crores at interest of 9% per annum for a period of 7 months. Accordingly interest amount comes to Rs. 0.35 Crores for 7 monthsV-Guard Industries Limited******Gegadyne Energy Labs Private Limited******Associate CompanyAny other transactionLoan Balance69500000Approval taken by the audit committee 0060800000Sunflame Enterprises Private Limited******V-Guard Foundation******Enterprises in which KMP/ relatives of KMP can exercise significant influenceAny other transactionCSR DonationNot Applicable220000000Sunflame Enterprises Private Limited******Sunflame Enterprises Private Limited Employees Group Gratuity Scheme Trust******Employees Group Gratuity Scheme Trust of Sunflame Enterprises Private Limited Any other transactionContribution to Gratuity TrustNot Applicable0004331700000