Vipul Limited has informed the Exchange regarding Resignation of Mr SUNIL KUMAR as Company Secretary & Compliance Officer of the company w.e.f. Jun 17, 2025.
VIPULLTD · price
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Vipul Limited's board, at its June 16, 2025 meeting, approved audited financial results for Q4 and FY ended March 31, 2025. The company swung to a standalone loss of Rs. 30.90 crore in FY25 from a profit of Rs. 4.51 crore in FY24, while the consolidated loss was Rs. 34.95 crore. Revenue from operations was Rs. 237.91 crore (standalone) and Rs. 231.86 crore (consolidated). No dividend was recommended. Both the standalone and consolidated results carried a 'qualified opinion' from auditor JSUS & Associates, flagging issues such as pending documentation of loans, Rs. 220 lakh in uncashed customer cheques, frozen/dormant bank balances, and interest not provided on customer advances and unsecured borrowings. The board also accepted the resignation of Mr. Sunil Kumar as Company Secretary & Compliance Officer effective June 17, 2025, and appointed new Secretarial, Cost, and Internal Auditors.
The combination of a sharp swing to losses, a qualified audit opinion with multiple qualifications, and the exit of a Key Managerial Personnel is a negative signal for shareholders. Watch for any update on the NCLT amalgamation scheme and the long-pending recovery of Rs. 148.7 crore from the arbitration award, as these remain key overhangs on the stock.