Vipul Limited has submitted a fresh disclosure along with requisite details sought by the exchange w.r.t the disclosure made by company on November 15, 2025
VIPULLTD · price
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Vipul Limited, a Delhi-based real estate company, submitted its unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025) along with a fresh disclosure to BSE/NSE as sought by the exchange regarding its November 15 announcement. Standalone revenue from operations fell sharply to Rs. 963.82 lakhs in H1 FY26 from Rs. 3,004.97 lakhs in H1 FY25, while the company slipped into a loss of Rs. 87.87 lakhs versus a profit of Rs. 449.35 lakhs a year ago. Consolidated results were worse, with a loss of Rs. 142.16 lakhs partly due to an exceptional item of Rs. 737.77 lakhs from loss of control in subsidiary High Class Projects Limited. The auditor (JSUS & Associates) issued an unmodified limited review but flagged several concerns including Rs. 250.40 lakhs in frozen bank accounts, Rs. 640.26 lakhs in cheques-in-hand, undocumented loans and advances, and non-provision of interest on customer advances and unsecured borrowings. The board also noted the resignation of Non-Executive Director Ms. Vishaka Beriwala (daughter of MD Punit Beriwala) effective September 23, 2025.
Shareholders face a weak quarter with steep revenue decline and a return to losses, alongside governance red flags such as frozen/dormant bank balances, pending arbitration recovery of Rs. 14,870 lakhs, and a pending NCLT amalgamation scheme—likely keeping the stock under pressure until clarity on recoveries and deal closure emerges.