Vippy Spinpro Ltd. — Interim / Quarterly Report 2026

May 22, 2026

VIPPY SPINPRO LTD.

14-A, Industrial Area, A.B. Road, Dewas 455 001 (M.P.) India. Phone: +91-7272-258251-52, Fax: +91-7272-400121
Email: admin@vippyspinpro.com, Web: www.vippyspinpro.com

VSL/2026-27/268

22nd May, 2026

To,
Department of Corporate Services, BSE Limited,
25th Floor, P.J. Towers,
Dalal Street, Mumbai-400001 IN

Sub: Outcome of the Board Meeting

Scrip Code: 514302

Dear Sir/ Madam,

This is to inform you that the Board of Directors of the Company at its Meeting held today i.e. 22nd May, 2026, inter-alia considered and:

1. Approved the Audited Financial Statements of the Company for the financial year ended 31st March, 2026.
2. Approved the Audited Financial Results of the Company for the quarter and financial year ended 31st March, 2026.
3. Auditor’s Report in this purpose.

Please find enclosed herewith:

(i) Auditor’s Report on the Financial Results for the year ended 31st March, 2026.
(ii) The Audited Financial Results of the Company for the quarter and financial year ended 31st March, 2026.
(iii) Declaration in respect of Unmodified opinion under Regulation 33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board Meeting commenced at 05:00 P.M. (17:00 P.M.) and concluded at 07:05 P.M. (19:05 P.M.) Kindly take the above information on your records.

Thanking You

Yours Faithfully

For Vippy Spinpro Limited

PULKIT
MAHESHWARI
Digitally signed by
PULKIT
Date: 2026.05.22
19:22:00 +05'30'

Pulkit Maheshwari
CS, Compliance Officer & CFO
ACS: 68690

Regd. Office : 414, City Centre, 570, M.G. Road, Indore - 452 001 (M.P.)
CIN : L01710MP1992PLC007043, Phone : 0731-2546710

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R. S. Bansal & Co. Chartered Accountants
"Urvashi" 1st Floor, 3 Jaora Compound, Indore - 452 001
☎ 2702834-35 • Fax 0731-4003435
email : vjybansal@yahoo.co.in
CA
CA. Vijay Bansal
B.Com., FCA, DISA (ICA)
CA. Om Prakash Bansal
B.Com., FCA

Independent Auditor's Report on the Quarterly and Year to Date Audited Financial Results of Vippy Spinpro Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To,
The Board of Directors of
Vippy Spinpro Limited.

Opinion

We have audited the accompanying Statement of quarterly and year to date financial results of VIPPY SPINPRO LIMITED (hereinafter referred to as the “Company”), for the quarter and the year ended March 31, 2026 (“the Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us, the Statement:

a. is presented in accordance with the requirements of the Regulation 33 of the Listing Regulations; and

b. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards (“Ind AS”) and other accounting principles generally accepted in India, of the net profit, other comprehensive income and other financial information of the Company for the quarter and the year ended March 31, 2026.

Basis for Opinion

We conducted our audit of the Statement in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Companies Act, 2013 as amended (“the Act”). Our responsibilities under those Standards are further described in the “Auditor’s Responsibilities for the Audit of the Financial Results” section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the financial results for the quarter and the year ended March 31, 2026 under the provisions of the Act, and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

Page 1 of 3

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Management's Responsibilities for the Financial Results

This statement, which includes the financial results is the responsibility of the Company's Board of Directors, and has been approved by them for the issuance. This responsibility includes preparation and presentation of financial results for the quarter and the year ended March 31, 2026 that gives a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Ind AS, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of Listing Regulations. This responsibility also includes the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of financial results that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the financial results, the Board of Directors is responsible for assessing the Company's ability, to continue as a going concern, disclosing as applicable, matters related to the going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the financial reporting process of the Company.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of the users taken on the basis of these financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control;
• Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls;
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors;

Page 2 of 3

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• Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations;
• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation;
• Obtain sufficient and appropriate audit evidence regarding the financial results of the Company to express an opinion on the financial results;

Materiality is the magnitude of misstatements in financial results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the financial results may be influenced. We consider quantitative materiality and qualitative factors in:

i. Planning the scope of our audit work and in evaluating the results of our work; and
ii. Evaluating the effect of any identified misstatements in the financial results

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

The statement includes the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subject to a limited review by us, as required under the Listing Regulations.

For R.S. Bansal & Co.
Chartered Accountants
FRN: 00093912
Vijay Bansal (Partner)
M. No: 075344

Place: Indore
Date: 22/05/2026
UDIN: 26075344FYXTQW8142

Page 3 of 3

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| VIPPY SPINPRO LIMITED
Regd. Office : 414 City Centre, 570 M.G. Road Indore (M.P.) 452001 Phone: 0731-2546710
Works: 14-A Industrial Area, A.B.Road Dewas 455001 (M.P.) Phone: 258251-52 Fax: 07272-400121
E-Mail: admin@vippyspinpro.com, Web : www.vippyspinpro.com, CIN: L01710MP1992PLC007043
AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED ON 31ST MARCH, 2026
(Rs.in lakhs except EPS) | | | | | | |
| --- | --- | --- | --- | --- | --- | --- |
| Sr. No. | Particulars | Quarter Ended | | | Year Ended | |
| | | (Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) |
| | | 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 |
| 1 | Income | | | | | |
| | (a) Revenue from Operations | 8,869.24 | 5,549.83 | 7,004.06 | 26,818.90 | 27,945.45 |
| | (b) Other Income | 139.60 | 73.97 | 87.16 | 350.74 | 191.39 |
| | Total Income from Operation | 9,008.84 | 5,623.80 | 7,091.22 | 27,169.64 | 28,136.84 |
| 2 | Expenses: | | | | | |
| | a) Cost of Materials consumed | 7,232.50 | 4,441.83 | 5,659.12 | 20,622.63 | 21,713.56 |
| | b) Purchase of Stock-in-trade | - | - | - | - | 1.72 |
| | c) Changes in Inventory of Finished goods, Work-in-progress and Stock-in-trade | (280.12) | (194.33) | (120.31) | (149.83) | 7.74 |
| | d) Employee Benefits Expenses | 125.53 | 119.05 | 104.39 | 560.84 | 433.06 |
| | e) Finance Costs | 134.87 | (18.03) | (116.12) | 245.69 | 135.61 |
| | f) Depreciation and Amortisation expense | 503.50 | 296.96 | 259.87 | 1,235.88 | 1,003.82 |
| | g) Other expenses | 811.77 | 608.81 | 873.34 | 2,927.68 | 3,195.82 |
| | Total Expenses | 8,528.05 | 5,254.29 | 6,660.29 | 25,442.89 | 26,491.33 |
| 3 | Profit / (Loss) from ordinary activities before Exceptional Items and tax (1-2) | 480.79 | 369.51 | 430.93 | 1,726.75 | 1,645.51 |
| 4 | Exceptional Items | - | 72.61 | - | - | - |
| 5 | Profit / (Loss) before tax (3 - 4) | 480.79 | 296.90 | 430.93 | 1,726.75 | 1,645.51 |
| 6 | Tax Expense | | | | | |
| | - Current tax | 165.00 | 55.70 | 119.50 | 473.80 | 471.52 |
| | - Deferred tax | (22.21) | 58.23 | 56.68 | 54.74 | 25.25 |
| | Total Tax Expenses | 142.79 | 113.93 | 176.18 | 528.54 | 496.77 |
| 7 | Profit / (Loss) for the period from continuing operation (5 - 6) | 338.00 | 182.97 | 254.75 | 1,198.21 | 1,148.74 |
| 8 | Profit / (Loss) from discontinued operation | - | - | - | - | - |
| 9 | Tax expenses for discontinued operation | - | - | - | - | - |
| 10 | Profit / (Loss) from discontinued operation (after tax) (8-9) | - | - | - | - | - |
| 11 | Profit / (Loss) for the period (7+10) | 338.00 | 182.97 | 254.75 | 1,198.21 | 1,148.74 |
| 12 | Other Comprehensive Income, net of income tax | | | | | |
| | A (i) Items that will not be reclassified to Profit or Loss | 37.48 | 3.69 | (12.69) | 55.98 | (17.06) |
| | (ii) Income tax relating to items that will not be reclassified to profit or loss | (12.37) | (0.23) | 1.57 | (13.39) | 1.16 |
| | B (i) Items that will be reclassified to Profit or Loss | (4.24) | 2.06 | 6.40 | (13.46) | 6.40 |
| | (ii) Income tax relating to items that will be reclassified to profit or loss | 1.07 | (0.92) | (1.61) | 3.39 | (1.61) |
| | Total Other Comprehensive Income, net of Income tax | 21.94 | 4.60 | (6.33) | 32.52 | (11.11) |
| 13 | Total Comprehensive Income for the period (11+12) | 359.94 | 187.57 | 248.42 | 1,230.73 | 1,137.63 |
| 14 | Paid-up equity share capital ( face value of Rs 10/- per share ) | 587.00 | 587.00 | 587.00 | 587.00 | 587.00 |
| 15 | Other Equity (excluding Revaluation Reserve) | - | - | - | 9,386.07 | 8,155.34 |
| 16 | Earning per share (of Rs 10/- each ) (not annualised) | | | | | |
| | Basic/ Diluted EPS | 5.76 | 3.12 | 4.34 | 20.41 | 19.57 |

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STATEMENT OF AUDITED ASSETS AND LIABILITIES AS AT 31ST MARCH, 2026
	PARTICULARS	As at 31st March 2026	As at 31st March 2025
		Audited	Audited
A	ASSETS
	Non - Current Assets
(a)	Property, Plant and Equipment	10,688.45	5,405.03
(b)	Capital work - in - progress	-	-
(c)	Investment Property	2.21	2.68
(d)	Financial assets
	(i) Investments	56.87	55.68
	(ii) Loans	-	-
	(iii) Other financial assets	717.20	305.56
(e)	Other non - current assets	74.64	10.63
	Sub- Total - Non - Current Assets	11,539.37	5,779.58
	Current Assets
(a)	Inventories	3,459.41	2,290.63
(b)	Financial assets
	(i) Current investments	-	-
	(ii) Trade receivables	6,441.50	4,300.78
	(iii) Cash and cash equivalents	1.25	1.78
	(iv) Other financial assets	3.27	1.82
(c)	Other current assets	1,535.61	705.47
	Sub- total - Current Assets	11,441.04	7,300.48
	TOTAL- ASSETS	22,980.41	13,080.06
B	EQUITY AND LIABILITIES
	EQUITY
(a)	Equity share capital	587.00	587.00
(b)	Other Equity	9,386.07	8,155.34
	TOTAL- EQUITY	9,973.07	8,742.34
	LIABILITIES
1	Non Current Liabilities
(a)	Financial Liabilities -
	(i) Borrowings	6,215.33	2,002.23
(b)	Provisions	-	-
(c)	Deferred tax liabilities (Net)	203.21	138.47
(d)	Other Non current Liability	333.31	141.52
	Sub- total - Non- Current Liabilities	6,751.85	2,282.22
2	Current liabilities
(a)	Financial Liabilities
	(i) Borrowings	5,002.57	1,299.08
	(ii) Trade payables	-	-
	A. Total Outstanding due of micro enterprises and small enterprises	264.53	61.41
	B. Total Outstanding due creditors other than of micro enterprises and small enterprises	23.47	6.11
	(iii) Other financial liabilities	652.18	483.36
(b)	Other current liabilities	203.01	140.69
(c)	Provisions	30.19	19.96
(d)	Current tax liabilities (Net)	79.54	44.89
	Sub- total - Current Liabilities	6,255.49	2,055.50
	TOTAL- LIABILITIES	13,007.34	4,337.72
	TOTAL- EQUITY AND LIABILITIES	22,980.41	13,080.06

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CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2026

(Amount in Lakh)

| A. | Particulars | Year ended
31 March
2026 | Year ended
31 March
2025 |
| --- | --- | --- | --- |
| | CASH FLOW FROM OPERATING ACTIVITIES: | | |
| | Profit before income tax | 1,726.75 | 1,645.51 |
| | Adjustments for | | |
| | Depreciation and amortisation expense | 1,235.88 | 1,003.82 |
| | Amortisation of Capital subsidy | (102.68) | (50.50) |
| | Net (gain)/loss on restatement of export receivable | (8.79) | - |
| | Loss/(Profit) on sale of Fixed Assets | 5.28 | (2.75) |
| | Financial Charges | 245.68 | 135.61 |
| | Dividend Income | (1.07) | (0.55) |
| | Interest Income | (163.65) | (90.52) |
| | Operating Profit before working capital changes | 2,937.40 | 2,640.62 |
| | Adjustment for working capital changes: | | |
| | (Decrease)/increase in Trade payables and other Liabilities | 475.17 | (197.28) |
| | (Increase)/Decrease in Inventories | (1,168.78) | 2,162.75 |
| | (Increase) in Trade Receivable | (2,140.72) | (901.62) |
| | (Increase) in Financial and Other Assets | (1,314.82) | (312.61) |
| | Cash generated from operations | (1,211.75) | 3,391.86 |
| | Income taxes paid | 439.29 | 461.61 |
| | Net cash inflow from operating activities | (1,651.04) | 2,930.25 |
| B. | CASH FLOW FROM INVESTING ACTIVITIES: | | |
| | Payments for property, plant and equipment (Capital WIP) | (6,603.24) | (283.41) |
| | Proceeds from sale of investments | - | - |
| | Proceeds from sale of property, plant and equipment | 79.13 | 19.11 |
| | Dividends received | 1.07 | 0.55 |
| | Interest received | 163.65 | 90.52 |
| | Net cash outflow from investing activities | (6,359.39) | (173.23) |
| C. | CASH FLOW FROM FINANCING ACTIVITIES: | | |
| | Proceeds from borrowings | 8,756.36 | 32.00 |
| | Repayment of borrowings | (839.77) | (2,937.63) |
| | Subsidy Received | 339.00 | 285.00 |
| | Interest paid | (245.68) | (135.61) |
| | Dividends paid to company's shareholders | - | - |
| | Net cash inflow (outflow) from financing activities | 8,009.91 | (2,756.24) |
| | Net increase (decrease) in cash and cash equivalents | (0.52) | 0.78 |
| | Cash and cash equivalents at the beginning of the financial year | 1.77 | 0.99 |
| | Cash and cash equivalents at the end of the year | 1.25 | 1.77 |
| Notes: | | | | |
| --- | --- | --- | --- | --- |
| 1) | The above results for the Quarter and Year ended March 31, 2026 have been reviewed by the Audit Committee in it's meeting held on May 22, 2026 and taken on record by the Board of Directors in its meeting held on May 22, 2026.. | | | |
| 2) | The statutory auditors has expressed an unmodified audit opinion. | | | |
| 3) | The above Financial Result have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) as amended, prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder. | | | |
| 4) | Segment-wise reporting as defined in Ind AS-108 is not applicable, since the entire operation of the Company relates to only one segment. | | | |
| 5) | The figures for the quarter ended March 31, 2026 are balancing figures between the audited figures for the full financial year and reviewed year-to-date figures up to the third quarter of the financial year. | | | |
| 6) | The figures of the previous period / year have been re-stated/ re-grouped / re-arranged/ reclassified and / or recasted wherever found necessary. | | | |
| On behalf of the Board of Directors
For Vippy Spinpro Ltd.
Place: Dewas
Date: 22.05.2026
Pivush Mutha
Managing Director
DBN-00424206 | | | | |

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VIPPY SPINPRO LTD.
14-A, Industrial Area, A.B. Road, Dewas 455 001 (M.P.) India. Phone: +91-7272-258251-52, Fax: +91-7272-400121
Email: admin@vippyspinpro.com, Web : www.vippyspinpro.com

VSL/2026-2027/268

22ND May, 2026

To,
Department of Corporate Services,
BSE Limited,
25th Floor, P.J. Towers,
Dalal Street, Mumbai-400001 IN

Sub: Submission of declaration as per second proviso to Regulation 33(3) (d) of the SEBI (LODR) Regulations, 2015 for Audited Financial Results for the year ended 31st March, 2026
Scrip Code: 514302

Dear Sir/Madam,

In Compliance with the provisions of Regulation 33(3)(d) of SEBI (Listing Obligation and Disclosures Requirement) Regulations, 2015 as amended, I undersigned, on behalf of Company do hereby declare that the statutory auditors of the Company, M/s R. S. Bansal & Company, Chartered Accountant, (FRN: 000939C), have issued an Audit Report with unmodified opinion on Annual Financial Results for the financial year ended 31st March, 2026.

You are requested to kindly consider and take the same on your records.

Thanking You

Yours Faithfully

For Vippy Spinpro Limited

PULKIT
MAHESH
WARI

Digitally signed by PULKIT MAHESHWARI
Date: 2026.05.22 19:21:15 +05'30'

Pulkit Maheshwari
CS, Compliance Officer & CFO
ACS: 68690

ISO 9001 BUREAU VERITAS Certification
1828
Excluding Design

Regd. Office : 414, City Centre, 570, M.G. Road, Indore - 452 001 (M.P.)
CIN : L01710MP1992PLC007043, Phone : 0731-2546710