Vippy Spinpro Ltd

Incentive approval

• MSME Department approved fiscal incentive for Vippy Spinpro's expansion unit under MP MSME Promotion Scheme 2025.
• Approval was granted by the State Level Empowered Committee in its 7th meeting in Bhopal.
• Incentive is linked to the expansion project under the MP MSME Promotion Scheme, 2025.

AGM details

• AGM held via VC/OAVM on 25 September 2026 at 11:30 IST.
• Record date for voting set as 18 September 2026.
• Total shareholders on record: 7,931.

Key resolutions

• Item 1: Adoption of audited financial statements — Passed.
• Item 2: Re-appointment of director by rotation — Passed.
• Item 3: Ratification of remuneration of Cost Auditors — Passed.
• Item 4: MD re-appointment for three-year term — Passed.
• Item 5: Remuneration of MD ratified — Passed.
• Item 6: Independent director appointed for one-year term — Passed.
• Item 7: Borrowing limit increased for business needs — Passed.
• Item 8: Independent director appointed for second five-year term — Passed.
• Item 9: Executive director appointed for one-year term — Passed.

Dividend

• No dividend proposed or declared.

Director changes

• Director rotation re-appointment confirmed.
• MD appointed for a three-year term.
• MD remuneration ratified.
• Independent director appointed for one-year term.
• Independent director appointed for second five-year term.
• Executive director appointed for one-year term.

Auditors

• Remuneration of Cost Auditor ratified.

Material related party transactions

• No material related party transactions disclosed.

Other material approvals

• Borrowing limit approved to support financing needs.

agm details

• Date and time: 25 Sep 2026, 11:30 IST; mode: VC/OAVM.
• Report dispatched electronically; e-voting cut-off: 18 Sep 2026.
• 34th AGM conducted via VC/OAVM; attendance through video conferencing: 51 members.

resolutions and outcomes

• Item 1 (Ordinary): Adopt audited financial statements — passed.
• Item 2 (Ordinary): Re-appoint Piyush Mutha on rotation — passed.
• Item 3 (Ordinary): Ratify Cost Auditor remuneration — passed.
• Item 4 (Special): Re-appoint MD for 3 years (Apr 1, 2027–Mar 31, 2030) — passed.
• Item 5 (Special): Ratify MD remuneration from Apr 1, 2026 — passed.
• Item 6 (Special): Appoint Muskaan Gupta as Non-Executive Independent Director from Aug 10, 2026 — passed.
• Item 7 (Special): Borrowing limit up to Rs 250 crore — passed.
• Item 8 (Special): Appoint Manish Jhanwar as Independent Director (second term) — passed.
• Item 9 (Special): Appoint Chandrashekhar Sharma as Executive Director for one year — passed.

dividend

• Dividend: No dividend proposed or declared.

director changes

• MD appointment: Shri Piyush Mutha appointed for 3-year term (Apr 2027–Mar 2030).
• Ms Muskaan Gupta appointed as Non-Executive Independent Director for one year.
• Mr Manish Jhanwar appointed as Independent Director for second term (May 2027–May 2032).
• Mr Chandrashekhar Sharma appointed as Executive Director for one year.

auditors

• Cost Auditor remuneration ratified for FY ending Mar 31, 2027.

related party transactions

• Material related party transactions: none reported.

other material approvals

• Borrowing limit increased to Rs 250 crore; other borrowing approvals as required.

Management changes

• Re-appointment of Shri Piyush Mutha as Managing Director for 3 years, 01-04-2027 to 31-03-2030.
• Appointment of Ms. Muskaan Gupta as Non-Executive Independent Director for 1 year (10.08.2026–10.08.2027).
• Re-appointment of Shri Manish Jhanwar as Non-Executive Independent Director for 5 years (03.05.2027–02.05.2032).
• Appointment of Shri Chandrashekhar Sharma as Executive Non-Independent Director for 1 year (27.08.2026–27.08.2027).
• Completion of 2nd term of Smt. Deepa Sudhir Mekal as Non-Executive Independent Director (31.03.2027).
• Completion of tenure of Shri Manglore Maruthi Rao as Whole Time Executive Director (28.10.2026).

AGM Details

• Date, time, and mode: 25 Sep 2026, 11:30 AM via VC/OAVM.
• Quorum present: 51 members participated through VC.

Ordinary Business

• Adoption of Audited Financial Statement for year ended 31 March 2026.
• Re-appointment of Shri Piyush Mutha by rotation.

Special Business

• Remuneration approval for M/s. M. Goyal & Co. as Cost Auditors.
• Re-appointment of Piyush Mutha as Managing Director for 3 years (Apr 2027–Mar 2030).
• Ratification of remuneration of the Managing Director.
• Appointment of Muskaan Gupta as Non-Executive Independent Director for 1 year.
• Borrowing limit increased to Rs 250 crores.
• Re-appointment of Manish Jhanwar as Non-Executive Independent Director for 5 years.
• Appointment of Chandrashekhar Sharma as Executive Non-Independent Director for 1 year.

Voting Status

• e-voting results to be announced within 2 working days; scrutinizer report pending.

Vippy Spinpro Limited: Trading Window closed for Designated persons and their immediate relatives from 01 October 2026 until 48 hours after the declaration of Un-Audited Financial Results for the quarter and half year ending 30 September 2026

AGM/Annual Report Update

• AGM: 34th AGM on Sep 25, 2026 at 11:30 IST via VC/OAVM.
• Annual Report 2025-26 accessible via website; email-dispatch to non-registered members.
• Cut-off date for email update: Aug 28, 2026; RTA: Ankit Consultancy Private Limited.
• Reminder to update KYC details under SEBI Master Circular 2024; PAN, address, mobile, bank, nomination update.
• Physical holders without updated PAN or contact details may receive payments only electronically post Apr 1, 2024.
• Dematerialise physical securities; online services available; links to ISR/SH forms and KYC updation docs.
• Queries contact: investor relations page and phone.

Board action and signing arrangement

• Board approved the unaudited financial results for quarter ended 30 June 2026 on 10 August 2026.
• Board resolved to authorize Shri Praneet Mutha to sign the results on behalf of the company.
• MD Piyush Mutha participated via video conference from outside India and lacked DSC token.
• Authorized director signed the unaudited results pursuant to the authorization.
• Company enclosed certified true copy of Board Resolution authorising signing and will submit to BSE.

Financial highlights

• Revenue from operations: ₹26,818.90 Lakhs.
• Total revenue: ₹27,169.64 Lakhs.
• Profit before tax: ₹1,726.75 Lakhs.
• Profit after tax: ₹1,198.21 Lakhs.
• EPS (basic and diluted): ₹20.41.
• Total comprehensive income: ₹1,230.73 Lakhs.
• No dividend declared for FY2025-26.
• Inventory turnover: 8.15x; Debt/equity: 1.05.
• Total borrowings: ₹11,217.89 Lakhs; Equity: ₹9,973.07 Lakhs.
• Cash and cash equivalents: ₹1.24 Lakhs.
• Reserves and surplus: ₹9,386.07 Lakhs.

Operations & volumes

• Production: 16,185.753 MT; Sales: 16,156.368 MT.
• YoY production declined to 16,185.753 MT from 16,758.689 MT.
• Primary product: rotor-spun cotton yarns.

Capital structure & liquidity

• Total borrowings: ₹11,217.89 Lakhs.
• Debt-equity ratio: 1.05.
• Cash and cash equivalents: ₹1.24 Lakhs.
• Equity share capital: ₹587.00 Lakhs; 58.70 lakh shares.
• Reserves and surplus: ₹9,386.07 Lakhs.

Dividends & CSR

• Dividend: No dividend declared.
• CSR spend: ₹24.46 Lakhs; average net profit 2%: ₹24.26 Lakhs.
• Surplus carried forward for CSR set-off: ₹0.49 Lakhs.
• CSR policy targets education, healthcare, sanitation per Schedule VII.

Governance & board changes

• Muskaan Gupta appointed Independent Director from 10 Aug 2026.
• Chandrashekhar Sharma appointed Executive Director from 27 Aug 2026.
• Manish Jhanwar re-appointed Independent Director for 2027-2032.
• Piyush Mutha re-appointed MD for 3 years from 01.04.2027.
• Board comprises 6 directors, including 3 Independent Directors.

Audits & compliance

• Statutory auditors: M/s R.S. Bansal & Co.; Cost Auditor: M/s M. Goyal & Co.
• Secretarial Auditor: Shilpesh Dalal & Co.; Internal Auditor: M/s R.K. Saklecha & Associates.
• Secretarial audit: no qualification; compliance with SEBI LODR reported.
• CEO/CFO certification filed; robust internal controls.

Outlook & risks

• Textile industry outlook favorable due to govt schemes (PLI, PM MITRA).
• Risks: cotton price volatility, energy costs, skilled manpower constraints.
• Company uses wind/solar power for captive use; no segment reported.

Management commentary & governance

• Board evaluates performance; independent directors confirm independence.
• Management asserts going concern and robust governance practices.
• Industry environment and risk management protocols described in MD&A.