5437112026-01-012026-03-315437112026-03-315437112025-03-315437112025-04-012026-03-315437112026-01-012026-03-31in-capmkt:OtherExpenses1Member5437112026-01-012026-03-31in-capmkt:OtherExpenses2Member5437112026-01-012026-03-31in-capmkt:OtherExpenses3Member5437112025-04-012026-03-31in-capmkt:OtherExpenses1Member5437112025-04-012026-03-31in-capmkt:OtherExpenses2Member5437112025-04-012026-03-31in-capmkt:OtherExpenses3Member5437112026-03-31OtherNoncurrentFinancialAssetsDomain15437112026-03-31OtherNoncurrentAssetsDomain15437112026-03-31OtherNoncurrentAssetsDomain25437112026-03-31OtherCurrentFinancialAssetsDomain15437112026-03-31OtherCurrentAssetsDomain15437112026-03-31OtherNoncurrentFinancialLiabilitiesDomain15437112026-03-31OtherNoncurrentFinancialLiabilitiesDomain25437112026-03-31OtherCurrentFinancialLiabilitiesDomain15437112026-03-31OtherCurrentFinancialLiabilitiesDomain25437112026-03-31OtherCurrentLiabilitiesDomain15437112026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15437112025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15437112026-01-012026-03-31AuditorDomain1iso4217:INRxbrli:pureiso4217:INRxbrli:shares543711SULANOTLISTEDINE142Q01026SULA VINEYARDS LIMITEDMain BoardEquity2025-04-012026-03-312026-05-062026-04-29INRCroresQuarterlyFourth quarterSingle segmentThe Group is engaged in the business of manufacture, purchase, and sale of alcoholic beverages (wines and spirits)2026-05-0615:18:002026-05-0616:21:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31UnauditedConsolidated1425600000161000001441700000719600000131400000-510100000204100000714000001008000006033000001320500000121200000-12000001200000002450000096000003410000008590000000008590000016200000102100000859000000102100000016890000021.021.02001.021.020001] The above consolidated audited financial results for the year ended 31 March 2026 (the 'Statement') of Sula Vineyards Limited (the 'Holding Company') and its subsidiaries (Holding Company and its subsidiaries together referred to as 'the Group') have been prepared in accordance with the Indian Accounting standards ('Ind AS') as specified under Section 133 of the Companies Act, 2013 ('the Act') read with Companies (Indian Accounting Standards) Rules 2015 (as amended), and are in compliance of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). These results have been reviewed and recommended to the Board of Directors by the Audit Committee and subsequently approved by the Board of Directors of the Holding Company at their respective meetings held on 6 May 2026. <BR> <BR> 2] During the year ended 31 March 2026; 37,600 fully paid up equity shares of face value of INR 2 each, have been allotted against the exercise of options under Employees Stock Option Scheme ESOP 2021 by the Holding Company at an exercise price of INR 170 per equity share. <BR> <BR> 3] Effective 21 November 2025, the Government of India has consolidated 29 existing labour laws into a unified framework comprising four Labour Codes collectively referred to as the 'New Labour Codes'. The Group has recognised the estimated incremental impact of INR 0.50 crore in the consolidated financial results for the quarter ended 31 December 2025 and year ended 31 March 2026, primarily due to change in the definition of "wages" . The Group continues to monitor the finalisation of Central and State Rules, as well as Government clarifications on aspects of Labour Codes and will record for adjustment, if any, based on these developments. <BR> <BR> 4] The Group is engaged in the business of manufacture, purchase and sale of alcoholic beverages (wines and spirits). The Chief Operating Decision Makers (which include the CEO, CFO, COO and members of the Board of Directors of the Holding Company) monitor and review the operating results of the Group as a whole. Therefore, there are no reportable segments for the Group as per requirements of Ind AS 108 ‘Operating Segments’. Further, considering the seasonality of the business, the revenue, costs and profits do not accrue evenly over the year and therefore the quarterly results may vary and not be strictly comparable. <BR> <BR> 5] During the year ended 31 March 2026, the Group has recognised an impairment loss of INR 1.82 crores in respect of certain intangible assets i.e. brands along with related goodwill in accordance with Ind AS 36, "Impairment of Assets". This impairment loss being non-recurring in nature has been presented as an exceptional item in the consolidated financial results. <BR> <BR> 6] The Board of Directors of the Holding Company at its meeting held on 6 May 2026 has recommended a final dividend of INR 2 per share having a face value of INR 2 each, subject to approval of shareholders at the ensuing annual general meeting of the Holding Company. <BR> <BR> 7] The figures for the quarters ended 31 March 2026 and 31 March 2025 are the balancing figures between the audited consolidated figures for the years ended on those dates and the unaudited consolidated published year to date figures up to the end of the third quarter of the respective financial years, which were subjected to a limited review by the statutory auditors. <BR> 2025-04-012026-03-31AuditedConsolidated5961900000433000006005200000110230000041540000015040000091710000031390000039170000023423000005633100000372100000-18200000353900000105800000-840000097400000025650000000002565000001940000027590000025650000002759000000168900000257051000003.043.04003.043.040.00500Excise duty on sales76500000Selling, distribution and marketing expenses209500000Others317300000Excise duty on sales403200000Selling, distribution and marketing expenses852500000Others108660000050766000008500000016700000272000000000017800000137200000155000000625000001397000005486200000200910000002371900000719000002180000024400000866300000335630000001036000005469000000001095520000016890000057051000005874000000058740000005663000000003575000009238000003320000028640000001243400000237440000012960000082740000095700000024930000035807000002340000001560000075000000383780000000508120000010955200000Other financial assets137200000Other non-current assets137500000Non-current tax assets (net)2200000Other financial assets866300000Other current assets103600000Lease liabilities317300000Other financial liabilities40200000Lease liabilities71300000Other financial liabilities178000000Other current liabilities234000000291500000156100000-308000000-159100000000046900000000391700000212000000000300000025500000328000000022000000-122000000715100000106900000000061500000010075000000000000016000003221000000000000000000800000000096000000-21500000-333200000006500000000005946000006250000008640000030700000025730000000-674600000-3000000-3000007220000071900000Gain / (loss) on remeasurement of defined benefit plans (net of tax)1620000016200000Gain / (loss) on remeasurement of defined benefit plans (net of tax)194000001940000000001620000019400000AuditedtrueWalker Chandiok & Co LLPtrue2028-05-31