VIP Industries Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 Disclosure of outcome of litigation
VIPIND · price
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VIP Industries has informed the stock exchanges that the Division Bench of the Delhi High Court, vide its order dated 1st July 2025, has dismissed the company's appeal against an interim order dated 17th July 2023. The original interim order had injuncted VIP Industries from carrying out its travel luggage business under the 'CARLTON' trademark. The company had earlier obtained a stay on this injunction in July 2023, but that relief has now been reversed with the dismissal of the appeal. The company is taking legal advice on next steps. VIP has clarified that the Carlton brand contributes less than 5% of its total revenue and is sold through multiple channels.
This is a negative legal outcome for VIP Industries, as it may no longer be able to sell products under the Carlton brand in India. However, the financial exposure is limited since Carlton accounts for under 5% of total revenue, suggesting limited material impact on overall business and stock price.