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Industries LimitedMain BoardEquity2025-04-012026-03-312026-05-122026-04-21INRCroresQuarterlyFourth quarterSingle segmentElectronics,Electricals and Consumer durable2026-05-1211:00:002026-05-1214:05:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-01-28https://www.vguard.in/uploads/investor_relations/POLICY-MATERIALITY-DEALING-RELATED-PARTY-TRANSACTIONS.pdffalsefalseThe Company has not defaulted on loans or debt securities during the Financial Year 2025-262026-01-012026-03-31AuditedStandalone16871600000725000001694410000033830000008306000000-1143000001335400000143000002104000002533200000156680000001276100000012761000003065000001610000032260000009535000000000953500000-670000094680000043680000012.172.17002.172.1700.20910.9024 <BR> <BR> <BR> <BR> Notes to the standalone and consolidated financial results for the quarter and year ended 31.03.2026 <BR> <BR> 1. The above 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 standalone and consolidated financial results for the quarter and year ended March 31 2026 were reviewed by the Audit Committee and approved by the Board of Directors and taken on record at the meetings held on May 12 2026. <BR> <BR> 3. Based on the management approach as defined in IndAS 108 Operating Segments the Chief Operating Decision Maker evaluates the Groups 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 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 financial results. In accordance with IndAS 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> VGuard Industries Limited <BR> Subsidiaries wholly owned <BR> VGuard Consumer Products Limited <BR> Guts ElectroMech 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 July 29 2025 have accorded inprinciple approval for merger of Sunflame Enterprises Private Limited with VGuard 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> 6. On November 21 2025 the Government of India notified the 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 replacing 29 existing labour laws collectively referred to as the New Labour Codes. The Group has assessed and disclosed the incremental financial impact of these changes taking into consideration the best information available read with the FAQs released by the Ministry of Labour Employment and the Institute of Chartered Accountants of India and the rules notified subsequent to the year end. Considering the materiality and nonrecurring nature of this impact the Group has presented incremental charge of Rs. 20.91 crores and Rs. 22.11 crores under Exceptional item in the standalone and consolidated interim financial results for the quarter ended December 31 2025 respectively. <BR> <BR> 7. The Board of Directors have recommended a final dividend of Rs 1.50 per share 150 percentage for the year ended March 31 2026 subject to the approval of the members in the ensuing Annual General Meeting. <BR> <BR> 8. The figures for the quarters ended March 31 2026 and March 31 2025 are the balancing figures between audited figures in respect of the full financial year up to March 31 2026 and March 31 2025 respectively and the unaudited published year to date figures up to December 31 2025 and December 31 2024 respectively being the date of the end of the third quarter of the respective financial years which were subjected to limited review. <BR> <BR> 2025-04-012026-03-31AuditedStandalone569178000003612000005727900000013303300000245076000007298000004941300000693000008206000009259300000536312000003647800000-2091000003438700000905800000-608000008450000000259370000000002593700000-670000025870000004368000001218100000005.925.9005.925.900.13980.5364Other Expenses2533200000Other Expenses925930000046812000007590000028000000421400000110000009135800000920000017980000093248000001480000007485000001541360000083211000001805500000511450000031630000039000001320000017000000727040000035560000015364000001748350000032897100000436800000218100000002224680000022246800000000038530000038530000018230000000056760000088400000324200000650330000068275000009400000007855900000916000000131080000010082700000001065030000032897100000The 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".Other non-current financial assets179800000Other non-current assets148600000Right of use of assets599900000Other current financial assets17000000Other current assets1536400000Other non-current financial liabilities385300000Other non-current liabilities0Other current financial liabilities770100000Lease Liabilities169900000Other current liabilities9160000006930000032920000085000000-2878000000013400000048010000001595000000820600000-15000003463000000-6395000000-1170000014090000010200000270700000-550000000-34300000001366200000480490000000092180000003883100000000000002600000124980000000000000000016560000009000000010600000000140900000102000000-251200000-2987300000000000597000000-1970000001966000006543000006930000000-880200000156000000156000003007000003163000006700000670000000-6700000-6700000V-Guard Industries Limited******Mithun K Chittilappilly******Promoter GroupRemuneration62500000Approval taken by the audit committee 3340000000The 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 fund4400000Approval 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 transactionCommission55200000Approval taken by the audit committee 552000002560000055200000The 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******V-Guard Foundation******Enterprises in which KMP/ relatives of KMP can exercise significant influenceAny other transactionCSR DonationNot Applicable2960000000V-Guard Industries Limited******Guts Electro-Mech Limited******Wholly Owned SubsidiaryPurchase of goods or servicesNot Applicable46910000000The 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 Applicable410000000V-Guard Industries Limited******Guts Electro-Mech Limited******Wholly Owned SubsidiaryAny other transactionReimbursement of expenses by subsidiaryNot Applicable690000000The 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 Applicable0160000007900000V-Guard Industries Limited******Guts Electro-Mech Limited******Wholly Owned SubsidiaryAny other transactionTrade PayablesNot Applicable0228600000215500000V-Guard Industries Limited******V-Guard Consumer Products Limited******Wholly Owned SubsidiaryPurchase of goods or servicesNot Applicable330910000000V-Guard Industries Limited******V-Guard Consumer Products Limited******Wholly Owned SubsidiarySale of goods or servicesNot Applicable9040000000V-Guard Industries Limited******V-Guard Consumer Products Limited******Wholly Owned SubsidiarySale of goods or servicesNot Applicable2150000000V-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 Applicable380000000The 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 Appliable02000000036600000V-Guard Industries Limited******V-Guard Consumer Products Limited******Wholly Owned SubsidiaryAny other transactionTrade payablesNot Appliable0332100000405200000V-Guard Industries Limited******Sunflame Enterprises Private Limited******Wholly Owned SubsidiaryPurchase of goods or servicesNot Applicable570000000The 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 Applicable170000000The 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 Applicable950000000The 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 transactionCross Charge ExpenseNot Applicable1000000000The 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 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 Applicable2470000000V-Guard Industries Limited******Sunflame Enterprises Private Limited******Wholly Owned SubsidiaryAny other transactionTrade ReceivablesNot Applicable01690000016300000V-Guard Industries Limited******Sunflame Enterprises Private Limited******Wholly Owned SubsidiaryAny other transactionTrade PayablesNot Applicable050000016900000V-Guard Industries Limited******Gegadyne Energy Labs Private Limited******Associate CompanyPurchase of goods or services9500000Approval taken by the audit committee 40000000V-Guard Industries Limited******Gegadyne Energy Labs Private Limited******Associate CompanyLoan66000000Approval taken by the audit committee 7000000608000000Loan0.097 monthsSecuredGegadyne will utilize this loan for meeting urgent working capital needs.The Board of Directors in its meeting held on 29.10.2025 approved the extension of loan till May 31, 2026. The said loan has been repaid by Gegadyne Energy Labs Private Limited as on March 31, 2026V-Guard Industries Limited******Gegadyne Energy Labs Private Limited******Associate CompanyLoan40000000Approval taken by the audit committee 4000000000Loan0.0957 MonthsUnsecuredGegadyne will utilize this loan for meeting urgent working capital needs.The Board of Directors in its meeting held on 29.10.2025 approved unsecured loan repayable by May 31, 2026. The said loan has been repaid by Gegadyne Energy Labs Private Limited as on March 31, 2026V-Guard Industries Limited******Gegadyne Energy Labs Private Limited******Associate CompanyAny other transactionInterest on Loan3500000Approval taken by the audit committee 340000000The Audit Committee approved the extention of loan to Gegadyne Energy Labs Private Limited upto a limit of Rs. 6.6 Crores at interest of 9% per annum and grant of fresh loan of Rs. 4 crores at interest of 9.5% p.a. ill May 31, 2026 . Accordingly interest amount comes to Rs. 0.34 Crores during H2FY26.V-Guard Industries Limited******Gegadyne Energy Labs Private Limited******Associate CompanyAny other transactionLoan RepaymentNot Applicable10600000000V-Guard Industries Limited******Gegadyne Energy Labs Private Limited******Associate CompanyInvestment250000000Approval taken by the audit committee 25000000000Sunflame Enterprises Private Limited******V-Guard Foundation******Enterprises in which KMP/ relatives of KMP can exercise significant influenceAny other transactionCSR DonationNot Applicable430000000Sunflame 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 Applicable780000000V-Guard Industries Limited******Reena Philip******Non Executive Non Independent Director Relative of Promoter GroupAny other transactionSitting Fee200000Approval taken by the audit committee 20000000V-Guard Industries Limited******Reena Philip******Non Executive Non Independent Director Relative of Promoter GroupAny other transactionCommission300000Approval taken by the audit committee 3000000300000Guts Electro-Mech Limited******V-Guard Foundation******Enterprises in which KMP/ relatives of KMP can exercise significant influenceAny other transactionCSR DonationNot Applicable160000000V-Guard Consumer Products Limited******V-Guard Foundation******Enterprises in which KMP/ relatives of KMP can exercise significant influenceAny other transactionCSR DonationNot Applicable7000000004505800000AuditedtruePrice Waterhouse Chartered Accountants LLPtrue2026-11-30