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These financial results for the quarter ended 31 December 2025 and year to date ended for the period from 01 April 2025 to 31 December 2025 have been reviewed by the Statutory Auditors of the Parent Company. <BR> <BR> 2) These unaudited 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 unaudited 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 <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 Global Employee Stock Option Welfare Trust <BR> <BR> 4) The Parent Company has allotted 198,125 and 851,613 equity shares having face value of Rs. 2/- each for the quarter ended 31 December 2025 and year to date for the period from 01 April 2025 to 31 December 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): Amount in Rs. lakhs <BR> Particulars Quarter ended Year to date ended Year ended <BR> Content and 31-Dec-2025 30-Sep-2025 31-Dec-2024 31-Dec-2025 31-Dec-2024 31-Mar-2025 <BR> broadcasting 19,636.8 17,393.1 16,536.30 53,532.49 47,549.01 65,021.57 <BR> expenses <BR> <BR> 6) The Income Tax Department (“the ITD”) conducted a Survey proceeding under section 133A of the Act at the premises of the Parent Company in November 2021. During previous year, the Parent Company received notices under Section 142(1) for Assessment Year 2019 – 20 to Assessment Year 2022 – 23 requiring further information. Subsequently, the Company provided all cooperation and necessary data/documents/information. <BR> <BR> In previous quarter of the current financial year and subsequent to the end of the current quarter, all the proceedings related to the survey for the above-mentioned assessment years have been concluded in the Company's favor by the relevant authorities. <BR> <BR> 7) In preceding years, the Company received notices from the Income Tax Department ("the Department") under Section 148 of the Act for Assessment Year 2012-13 to Assessment Year 2015-16. Subsequently, during previous quarters, the Honorable High Court of Rajasthan ("the High Court") quashed all proceedings pertaining to the aforesaid Assessment Year on technical grounds. The Department has filed a Special Leave Petition ('SLP') before the Hon'ble Supreme Court against the High Court's order, and the matter is currently pending adjudication. <BR> <BR> The Department issued notices under Section 153C for AYs 2010-11 to 2016-17, leading the Company to file a writ petition before the High Court and subsequently an SLP before the Supreme Court. In current quarter, the Supreme Court stayed further proceedings under Section 153C. Further the Department has passed favorable order for AY 2010-11, accepting the returned income without additions. <BR> <BR> Considering the nature and merits of the matter, the management does not anticipate any liability arising from these proceedings in respect of Assessment Years 2011-12 to 2016-17. <BR> <BR> 8) The Board of Directors of the Parent Company has declared interim dividend of Rs. 1.50/- per fully paid-up equity shares of Rs. 2/- each. The Parent Company has fixed 03 February 2026 as the record date for payment of interim dividends on equity shares. The said interim dividend will be credited / dispatched to the respective equity shareholders within 30 days of the declaration of dividend. <BR> <BR> In addition to the above interim dividend of Rs. 1.50/-, an interim dividend of Rs. 3.00/- per share were declared and paid during the previous quarter. Hence total dividend of Rs. 4.50/- has been declared during the current nine-month period. <BR> <BR> 9) On November 21, 2025, the Government of India notified four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Parent Company has assessed and disclosed the incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. The incremental impact of Rs. 169.45 lakhs on provision for gratuity primarily arises due to change in definition of wages. The Parent Company continues to monitor the finalization of Central/State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. <BR> <BR> 10) Segment information as per Ind AS – 108, ‘Operating Segment’ is disclosed in Annexure – I. <BR> 2025-04-012025-12-31UnauditedConsolidated275707830002872530002785803600024049040007378328000-23677000046170290001063210007496140001065919700025678623000217941300002179413000633493000-203973000429520000017498930000000174989300061505300023649460001749893000023649460000333929000210.5110.370010.5110.37Other Expenses3933582000Other Expenses10659197000United State of America6856206000United Kingdom3018139000India1510101000Europe(excluding United Kingdom)1188141000Rest of World1024201000Less:- Intersegment Eliminations0United State of America16924318000United Kingdom7818025000India4442068000Europe(excluding United Kingdom)3004437000Rest of World3096600000Less:- Intersegment Eliminations01359678800035285448000293653700077146650001066025100027570783000United State of America712516000United Kingdom483952000India443274000Europe(excluding United Kingdom)67920000Rest of World315638000Less:- Intersegment Eliminations-867347000United State of America1314721000United Kingdom1210418000India1316971000Europe(excluding United Kingdom)145813000Rest of World1049240000Less:- Intersegment Eliminations-275142900011559530002285734000371930001063210000011187600002179413000United State of America0United Kingdom0India0Europe(excluding United Kingdom)0Rest of World0Less:- Intersegment Eliminations0000United State of America0United Kingdom0India0Europe(excluding United Kingdom)0Rest of World0Less:- Intersegment Eliminations0000Items that will not be reclassified to profit or loss-9048000-9048000Items that will not be reclassified to profit or loss1882500018825000-31620006578000Exchange difference on translation of foreign operations124479000124479000Exchange difference on translation of foreign operations60280600060280600000118593000615053000