The Board has recommended the appointment of M/s. Deloitte Haskins & Sells Chartered Accountant LLP as Statutory Auditor of the Company, subject to the approval of the shareholder and completion ....
VIPIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 1.0 pts less than its Plastic Products - Consumer peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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VIP Industries Ltd reported a significant net loss of Rs. 342.88 Crores for FY2026 (standalone) compared to Rs. 81.40 Crores in FY2025, with Q4 standalone loss at Rs. 142.33 Crores. Revenue from operations declined to Rs. 1,849.09 Crores from Rs. 2,169.66 Crores. The company appointed Deloitte Haskins & Sells Chartered Accountants LLP as the new statutory auditor for 5 years starting from the 59th AGM (2026) till the 64th AGM (2031), replacing Price Waterhouse Chartered Accountants LLP who completed their second term. Notable items include a large inventory provision of Rs. 93.74 Crores (standalone), gain of Rs. 63.53 Crores from non-core asset sale, and insurance receipts from fire incidents. Promoter change occurred with Multiples Private Equity Fund acquiring ~32% stake and becoming a promoter.
The company is navigating significant losses and operational challenges. The auditor change is routine (term completion) and does not indicate any governance concern. Shareholders should note the substantial inventory write-downs and ongoing GST proceedings.