VIP Clothing Limited has informed the Exchange regarding Appointment of Secretarial Auditor
VIPCLOTHNG · price
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Awaiting price reaction for this filing.
VIP Clothing's board, meeting on August 6, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations rose strongly to ₹6,544.87 lakhs from ₹5,011.95 lakhs in the same quarter last year, a jump of about 31%. Profit after tax surged to ₹222.16 lakhs (₹0.25 per share) from just ₹23.48 lakhs (₹0.03 per share) a year ago, nearly a tenfold increase. The board also appointed M/s. KRS AND CO., Company Secretaries, as the new Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. The 35th Annual General Meeting has been fixed for September 18, 2025, to be held via video conferencing.
Strong Q1 earnings with revenue and profits growing sharply year-on-year are positive for shareholders and could support the stock in the short term. The secretarial auditor appointment is a routine compliance matter pending shareholder approval.