Vadilal Industries Limited has informed the Exchange about General Updates
VADILALIND · price
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Vadilal Industries has provided an update on its internal assessment of minimum wage compliance. Following a previous disclosure in February 2026, the company had constituted a sub-committee of Independent Directors and engaged an independent Big 6 accounting firm to review compliance with the Minimum Wages Act, 1948 and the Code on Wages, 2019. The assessment covered all three plant locations (Bareilly, Dharampur, and Pundra) for the period April 2025 to March 2026, involving 100% verification of wage data for contract workmen. The independent firm found no material non-compliance with the Wage Codes and no wage shortfalls at the individual employee level. The company also reviewed direct employees with similar findings. The Board has directed implementation of enhanced practices including digitisation of wage registers and biometric systems across all plants.
The positive audit findings indicate the company is in compliance with labour wage laws, which reduces regulatory risk. The implementation of enhanced compliance systems may involve some costs but strengthens the company's governance framework. This update is reassuring for shareholders as it rules out potential penalties or labour law violations.