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ItemsThatWillNotBeReclassifiedToProfitAndLoss1

5078802025-04-012025-12-31

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

5078802025-10-012025-12-31

ItemsThatWillBeReclassifiedToProfitAndLoss1

5078802025-04-012025-12-31

ItemsThatWillBeReclassifiedToProfitAndLoss1

iso4217:INRiso4217:INRxbrli:shares

507880

VIPIND

NOTLISTED

INE054A01027

VIP Industries Limited

Main Board

Equity

2025-04-01

2026-03-31

2026-02-14

2026-02-11

INR

Crores

Quarterly

Third quarter

Single segment

Manufacturing of luggage and travel accessories

2026-02-14

11:30:00

2026-02-14

13:55:00

Not applicable

2025-10-01

2025-12-31

Unaudited

Consolidated

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712400000

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17100000

9200000

26300000

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284100000

-3.72

Notes: 1) The results for the quarter and nine months ended December 31, 2025 were reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meeting held on February 14, 2026. The above results for the quarter ended December 31, 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. 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. 3) The Company's 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. 4) The consolidated financial results for the quarter and nine months ended December 31, 2025, include the results of its subsidiary companies viz; VIP Industries Bangladesh Private Limited, VIP Industries BD Manufacturing Private Limited, VIP Luggage BD Private Limited, VIP Accessories BD Private Limited and Blow Plast Retail Limited. 5) 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 4,54,46,305 equity shares held by the Sellers in the Company constituting approximately 32% of the total paid up share capital of the Company. The Company received the approval granted by the Competition Commission of India vide its letter dated August 26, 2025 and an intimation has been filed with the stock exchanges on August 26,2025. In this regard, the SHA has become effective from September 23, 2025 and the Multiples group has acquired 'Control' and have been classified as 'Promoters' of the Company. An intimation in this regard has been filed with the stock exchanges on September 23, 2025. Pursuant to share purchase agreement dated July 13, 2025, transfer of shares through open market acquisitions was completed during the quarter. 6) Exceptional item disclosed above includes the following : Sr No Particulars Standalone Consolidated For the Quarter ended For the Nine Months Ended For the Quarter ended For the Nine Months Ended For the Year Ended December 31, 2025 December 31, 2025 December 31, 2025 September 30, 2025 December 31, 2025 December 31, 2024 March 31, 2025 1 Gain towards sale of non-core assets (Refer note 10) 63.53 63.53 63.53 - 63.53 - - 2 Partial receipt of the insurance claim from the Insurance Company relating to loss of property, plant and equipment and inventories that were destroyed due to a fire at the Company's regional warehouse at Guwahati on May 17, 2025 4.04 4.04 4.04 - 4.04 - - 3 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 Company's subsidiary (VIP Industries Bangladesh Private Limited) located in Bangladesh, on January 31, 2023 - - 3.67 4.32 1 4.99 3 .58 7.83 4 Impact for loss of property, plant and equipment and inventories that were destroyed due to a fire at the Company's regional warehouse at Guwahati on May 17, 2025 - (5.07) - - (5.07) - - Total 67.57 62.50 71.24 4.32 77.49 3.58 7.83 7) The Nomination and Remuneration Committee of the Board of Directors of the Company at its meetings held on December 22, 2025 approved grant of new stock appreciation rights to eligible employees of the Company, in 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 the current quarter ended December 31, 2025, the Company has granted 1,20,000 stock appreciation rights to eligible employees resulting in a net expense of Rs. 0.02 Crores during the quarter ended December 31, 2025. Further, 2,15,000 ESAR's have been lapsed/forfeited during the nine month ended December 31, 2025. During the quarter and nine month ended December 31, 2025, the eligible employees of the Company exercised 73,000 and 1,74,900 stock appreciation rights respectively, in accordance with the terms and conditions of the VIP Employees Stock Appreciation Rights plan 2018. Consequently, the Company has issued 6,588 fully paid-up equity shares of Rs 2 each during the current quarter ended December 31, 2025 and a cumulative of 31,730 fully paid up equity shares of Rs 2 each during the nine months ended December 31, 2025 to the eligible employees as approved by the Allotment Committee of the Board of Directors of the Company. Accordingly, the Company has transferred Rs. 4.66 Crores to the Securities Premium during the nine month ended December 31, 2025. 8) The Company was involved in an ongoing litigation regarding the use of a trademark. The Division Bench of Hon’ble Delhi High Court vide order dated July 1, 2025, has dismissed the appeal filed by the Company 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 Hon’ble Supreme Court of India against the order of the Division Bench of Hon’ble Delhi High Court. The Hon’ble 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. The Hon’ble Supreme Court of India vide its order dated January 23, 2026 has granted a further extension of four months in continuation of the order dated August 01, 2025. 9) A commercial Suit is filed against the Company at Bombay City Civil Court, by a Company based in China in respect of commercial dispute for recovery of amount of Rs. 6.41 crores towards supply of material to the Company not acknowledged as debts. The Company is defending the matter and has obtained an independent legal opinion and accordingly no provision for any liability has been made in the financial results. 10) The Company had identified certain assets of the Company currently being classified as Property Plant and Equipment and Investment Properties, as non-core assets of the company. Pursuant to the applicable provisions of the Companies Act 2013 and the related applicable Rules, the Board at its meeting held on September 16, 2025 and Decemeber 29, 2025 had approved the transaction for the sale of the above mentioned assets to the identified entities at an arm’s length basis and in accordance with the price arrived as per the valuation report. The Company has completed the said sale transaction for part of the non-core assets during the quarter. The gain on the sale of assets is as per note 6 above. The remaining of the non-core assets have been classified as 'Non Current Assets held for Sale' and have accordingly been disclosed separately at carrying value at cost in the statement of Assets and Liabilities. Pursuant to provisions of the Ind AS 105 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 11) The standalone results include a provision towards inventories amounting to Rs 45.51 Crores, Rs. 37.69 Crores and Rs. 95.90 Crores accrued during the quarter ended September 30, 2025, quarter ended December 31, 2025 and nine month ended December 31, 2025 respectively. Further, the consolidated results include a provision towards inventories amounting to Rs 54.95 Crores, Rs. 54.32 Crores and Rs 121.97 Crores accrued during the quarter ended September 30, 2025, quarter ended December 31, 2025 and nine month ended December 31, 2025 respectively. 12) Deferred Tax Asset has not been accounted for the quarter ended September 30, 2025 and quarter ended December 31, 2025 considering the recent changes in the shareholding and management and review of business plans (please refer note 5 above). 13) The Government of India has consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes collectively referred to as the 'New Labour Codes' notified on November 21, 2025. The Company has assessed the impact of these changes and based on actuarial valuation has recognised an estimated additional provision of Rs. 3.63 Crores towards gratuity and long-term compensated absenses in the results under 'Employees Benefits Expenses' during the quarter and nine months ended 31st December, 2025. The Company continues to monitor the developments relating to the implementation of the Labour Codes and will review the estimates as further clarification and Rules are notified.

2025-04-01

2025-12-31

Unaudited

Consolidated

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Other expenses

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Other expenses

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Items that will not be reclassified to Profit or Loss

14900000

Items that will not be reclassified to Profit or Loss

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Items that will be reclassified to Profit or Loss

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Items that will be reclassified to Profit or Loss

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