V.I.P. Industries Limited has released its audited financial results for the fiscal year ended March 31, 2026. The company reported a standalone net loss of ₹342.88 crore for the year, while the consolidated net loss stood at ₹338.01 crore. Amid these results, the company has recommended the appointment of M/s. Deloitte Haskins & Sells Chartered Accountants LLP as the new statutory auditor for a five-year term starting from the 2026 Annual General Meeting.
Annual Financial Performance
For the financial year ended March 31, 2026, V.I.P. Industries Limited reported a standalone revenue from operations of ₹1,849.09 crore and a consolidated revenue from operations of ₹1,858.13 crore. The company faced a challenging year, resulting in a standalone loss of ₹342.88 crore and a consolidated loss of ₹338.01 crore for the period.
Strategic Leadership Changes
The company has announced the recommendation of M/s. Deloitte Haskins & Sells Chartered Accountants LLP to serve as the new statutory auditor. This appointment is for a five-year term, spanning from the conclusion of the 59th Annual General Meeting (2026) until the conclusion of the 64th Annual General Meeting (2031). The transition follows the completion of the two-term tenure of the current auditors, Price Waterhouse Chartered Accountants LLP.
Operational Highlights and Updates
The company continues to navigate shifting market dynamics, including the transition of control to the Multiples Private Equity Group, which was finalized during the fiscal year. Additionally, management continues to monitor labor legislation updates and has made provisions for potential impacts. The board remains focused on streamlining operations and managing assets effectively, as reflected in the recent classification and sale of certain non-core assets to improve overall financial stability.
Source: BSE
