Please find attached outcome of the Board Meeting held today i.e. May 15, 2026. We wish to inform you that the Board of Directors of the Company at its meeting held today has inter alia ....
VIPIND · price
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VIP Industries reported a standalone net loss of Rs 342.88 Crores for FY2026, a significant deterioration from Rs 81.40 Crores loss in FY2025. Revenue from operations declined to Rs 1,849.09 Crores from Rs 2,169.66 Crores (approx 15% decline). Consolidated net loss stood at Rs 338.01 Crores. Exceptional items of Rs 78.18 Crores (consolidated) included gain from sale of non-core assets and insurance receipts for fire incidents. The Board recommended appointment of Deloitte Haskins & Sells as new statutory auditors for 5 years, replacing Price Waterhouse Chartered Accountants LLP upon completion of their term. Inventories provision of Rs 122.66 Crores was made during the year (vs Rs 7.53 Crores previous year).
The company reported severe losses with revenue declining significantly. Shareholders face concerns as equity has shrunk from Rs 549.67 Crores to Rs 208.72 Crores (standalone). Pending GST matter and ongoing trademark litigation add contingent liability risks. Positive: auditors gave unmodified opinion with no going concern issues.