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VINEYARDS LIMITEDMain BoardEquity2025-04-012026-03-312026-05-062026-04-29INRCroresQuarterlyFourth quarterSingle segmentThe Company 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 opiniontruetrueNANAfalsetrue2026-02-06https://sulavineyards.com/files/0226/Policy%20on%20Related%20Party%20Transactions.pdffalsefalseNot Applicable <BR> 2026-01-012026-03-31UnauditedStandalone111240000019800000113220000061090000096100000-4491000001831000005740000074200000523800000109640000035800000-81100000-4530000040000008300000123000000-576000000000-5760000014300000-433000001689000002-0.68-0.6800-0.68-0.680001] The standalone audited financial results for the year ended 31 March 2026 (the 'Statement') of Sula Vineyards Limited (the 'Company') have been prepared in accordance with the Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 (as amended), and are in compliance with the presentation and disclosure requirements 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 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 of the 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 Company has recognised the estimated incremental impact of INR 0.47 crore in the standalone 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 Company 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] During the quarter and year ended 31 March 2026, the Company recognised an impairment loss of INR 8.11 crores on its investment in a subsidiary in accordance with Ind AS 36, Impairment of Assets. The impairment loss has been presented as an exceptional item in the standalone financial results and is non-cash in nature. <BR> <BR> 5] The Company is engaged in the business of manufacture, purchase and sale of alcoholic beverages (wines and spirits). The Company’s Chief Operating Decision Makers (which include the CEO, CFO, COO and members of the Board of Directors) monitor and review the operating results of the Company as a whole. Therefore, there are no reportable segments for the Company 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> 6] The Board of Directors of the 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 Company. <BR> <BR> 7] The figures for the quarters ended 31 March 2026 and 31 March 2025 are the balancing figures between the audited figures for the years ended on those dates and the unaudited standalone published year to date figures up to the end of third quarter of the respective financial years, which were subjected to a limited review by the statutory auditors. <BR> 2025-04-012026-03-31AuditedStandalone500440000062600000506700000095830000030580000019010000083990000025660000030170000020564000004908800000158200000-8110000077100000367000009400000461000000310000000000310000001770000048700000168900000253633000000.370.37000.370.370.004700Excise duty on sales70700000Selling, distribution and marketing expenses187200000Others265900000Excise duty on sales383800000Selling, distribution and marketing expenses769400000Others903200000428040000045000000010400000000002280000005455000007735000006000006980000051392000001776700000019956000005570000011200000220000005428000002627300000932000004497200000963640000016890000053633000005532200000553220000047520000000020700000495900000252000002638000000402000008251000002147300000946000006947000007893000001708000003107400000159100000126000000032791000000041042000009636400000Investment in subsidiaries466600000Other investments0Other financial assets78900000Other non-current assets69800000Other financial assets542800000Lease Liabilities19000000Other Financial Liabilities1700000Other non-current liabilities40200000Lease liabilities11300000Other financial liabilities159500000Other current liabilities159100000238100000184700000-1358000000-2170000000001100000000301700000824000000000300000041500000328000000022000000-148000000629500000706600000000-223000000728900000013000000000000080000021560000000000000000000174600000000296000000-10900000-151500000006500000000005154000005200000003040000030700000022800000000-563500000139000000139000004180000055700000Gain / (loss) on remeasurement of defined benefit plans (net of tax)1430000014300000Gain / (loss) on remeasurement of defined benefit plans (net of tax)177000001770000000001430000017700000Sula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiarySale of goods or services10000000Approved70000000Sula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiarySale of goods or services100000000Approved31800000-3920000061300000Sula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiarySale of goods or services20000000Approved40000000Sula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiarySale of goods or services30000000Approved20000000Sula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiaryPurchase of goods or servicesApproved60000000Sula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiaryPurchase of goods or servicesApproved20000000Sula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiaryPurchase of goods or services5000000Approved180000000Sula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiaryPurchase of goods or services150000000Approved530000000Sula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiaryAny other transactionRent incomeApproved10000000As per terms approved by audit committeeSula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiaryAny other transactionLoan Given250000000Approved94100000316600000139600000Loan0.08374 yearsUnsecuredAny Business PurposeSula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiaryAny other transactionLoan repaidApproved12510000000Loan0.08374 yearsUnsecuredAny Business PurposeSula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiaryAny other transactionInterest IncomeApproved60000000900000Loan0.08374 yearsUnsecuredAny Business PurposeSula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiaryAny other transactionRoyalty IncomeApproved940000000Sula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiaryAny other transactionCorporate Guarantee commission incomeNot Applicable170000000Sula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiaryAny other transactionCorporate guarantee given on behalf of subsidiaryApproved446000000168100000207100000As approved by Audit committeeSula Vineyards Limited******Artisan Spirits Pvt Limited******Wholly Owned SubsidiaryAny other transactionDeemed InvestmentApproved350000000Sula Vineyards Limited******ND Wines Private Limited******Wholly Owned SubsidiarySale of goods or services200000000Approved842000003290000024200000Sula Vineyards Limited******ND Wines Private Limited******Wholly Owned SubsidiarySale of goods or services20000000Approved270000000Sula Vineyards Limited******ND Wines Private Limited******Wholly Owned SubsidiarySale of goods or services35000000Approved240000000Sula Vineyards Limited******ND Wines Private Limited******Wholly Owned SubsidiarySale of goods or services10000000Approved190000000Sula Vineyards Limited******ND Wines Private Limited******Wholly Owned SubsidiaryAny other transactionRent incomeApproved20000000As per terms approved by audit committeeSula Vineyards Limited******ND Wines Private Limited******Wholly Owned SubsidiaryAny other transactionRoyalty IncomeApproved2160000000Sula Vineyards Limited******ND Wines Private Limited******Wholly Owned SubsidiaryPurchase of goods or services30000000Approved1040000000Sula Vineyards Limited******ND Wines Private Limited******Wholly Owned SubsidiaryPurchase of goods or servicesApproved60000000Sula Vineyards Limited******ND Wines Private Limited******Wholly Owned SubsidiaryPurchase of goods or servicesApproved20000000Sula Vineyards Limited******ND Wines Private Limited******Wholly Owned SubsidiaryAny other transactionLoan Given250000000Approved1304000007100000072800000Loan0.08375 yearsUnsecuredAny Business PurposeSula Vineyards Limited******ND Wines Private Limited******Wholly Owned SubsidiaryAny other transactionLoan repaidApproved17100000000Loan0.08375 yearsUnsecuredAny Business PurposeSula Vineyards Limited******ND Wines Private Limited******Wholly Owned SubsidiaryAny other transactionInterest IncomeApproved35000000300000Loan0.08375 yearsUnsecuredAny Business PurposeSula Vineyards Limited******ND Wines Private Limited******Wholly Owned SubsidiarySale of goods or services30000000Approved000Sula Vineyards Limited******Rajeev Samant******Chief Executive Officer and Managing DirectorAny other transactionRentApproved200000000As per terms approved by audit committeeSula Vineyards Limited******Rajeev Samant******Chief Executive Officer and Managing DirectorPurchase of goods or services15000000Approved700000092000006900000Sula Vineyards Limited******Rajeev Samant******Chief Executive Officer and Managing DirectorRemunerationApproved1870000079000007700000Sula Vineyards Limited******Conscious Food Privated Ltd******Director is a Common DirectorPurchase of goods or services1500000Approved20000000Sula Vineyards Limited******Conscious Food Privated Ltd******Director is a Common DirectorAny other transactionRent incomeApproved1000002026-04-0710000000Artisan Spirits Pvt Limited******ND Wines Private Limited******Subsidiary of the holding companySale of goods or services20000000Approved400000140000001184400000AuditedtrueWalker Chandiok & Co LLPtrue2028-05-31