Update on disclosure dated February 21, 2026, on Company''s assessment of its Compliance with Certain Statutory Provisions
VADILALIND · price
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Vadilal Industries engaged an independent Big 6 accounting firm to assess compliance with minimum wage laws across its three plant locations (Bareilly, Dharampur, and Pundhra) for the period April 2025 to March 2026. The assessment involved verifying vendor wage summaries, reviewing 100% of wage data for all vendors, and cross-checking individual employee wages against applicable minimum rates. The firm found no material non-compliance and no wage shortfalls at any plant location. The company also separately reviewed its direct employees and found no violations. The Board has approved recommendations to digitise wage registers and install biometric systems across all plants to strengthen ongoing compliance.
The disclosure confirms no wage non-compliance at any plant, which should ease any prior regulatory concerns. This proactive assessment and negative finding is positive for shareholders as it reduces legal and reputational risk.