Interim report
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Vedant Fashions Limited Registered Office: 19, Canal South Road, Paridhan Garment Park, SDF-1. 4th Floor, A501 -A502, Kolkata: 700 015, Phone: +91 3361255353 Email: info@vedantfashions.com | Website: www.vedantfashions.com | CIN: L51311WB2002PLC094677 July 30, 2025 To, National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C-1, Bandra Kurla Complex, Bandra (E), Mumbai – 400051 To, BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai – 400001 NSE Symbol: MANYAVAR BSE Scrip Code: 543463 Sub: Outcome of Board Meeting Ref: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”) Dear Sir / Madam, In continuation of our letter dated July 23, 2025, submitted to you, we hereby inform you that the Board of Directors of the Company at its meeting held today i.e., on July 30, 2025, has, inter-alia, considered and approved the following: Approval of the Unaudited Financial Results for the quarter ended June 30, 2025 Pursuant to Regulation 33 of the Listing Regulations, the Unaudited Financial Results of the Company for the quarter ended June 30, 2025, are hereby approved by the Board of Directors. The cop y of the said Financial Results along with the Limited Review Report issued by the Statutory Auditors of the Company, namely M/s B S R & Co. LLP, Chartered Accountants is enclosed herewith. The captioned Board Meeting commenced at 11:30 a.m. and concluded at 01:05 p.m. The aforesaid financial results are also being uploaded on the Company’s website (www.vedantfashions.com). We request you to take the above information on record and disseminate the same on your respective websites. Thank you. For, Vedant Fashions Limited ____________________ Navin Pareek Company Secretary and Compliance Officer Membership No.: F10672 Encl – As above
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BSR&Co. LLP eth Floor, Tower 1, Plot No 5, Block - DP Chartered Accountants Sector V, Salt Lake, Kolkata — 700091 Tel: +91 33 4035 4200 Fax: +91 33 4035 4295 Limited Review Report on unaudited financial results of Vedant Fashions Limited for the quarter ended 30 June 2025 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Vedant Fashions Limited 1. We have reviewed the accompanying Statement of unaudited financial results of Vedant Fashions Limited (hereinafter referred to as “the Company”) for the quarter ended 30 June 2025 (‘the Statement’). This Statement, which is the responsibility of the Company’s management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “/nterim Financial Reporting’ (‘Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations’). Our responsibility is to issue a report on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Attention is drawn to the fact that the figures for the three months ended 31 March 2025 as reported in the Statement are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles jaid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it Registered Office: BSR &Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a 14th Floor, Central 8 Wing and North C Wing, Nesco IT Park 4, Nesco Limited Liabilily Parinership with LLP Registration No. AAB-8181) with effect from October 14, 2013 Center, Weslem Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 2
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BSR&Co. LLP Limited Review Report (Continued) Vedant Fashions Limited contains any material misstatement. ForBSR & Co. LLP Chartered Accountants Firm’s Registration No.:101248W/W-100022 Seema Mo hrok- Seema Mohnot Partner Kolkata Membership No.: 060715 30 July 2025 UDIN:25060715BMNVOH7121 Page 2 of 2
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Vedant Fashions Limited CIN: L51311WB2002PLC094677 Regd. Office: Paridhan Garment Park, 19, Canal South Road, SDF-1, 4th Floor, A501-A502, Kolkata - 700015, West Bengal, India Statement of Profit and Loss for the quarter ended June 30, 2025 (All amounts are in INR Million, unless otherwise stated) Particulars Three months ended Year ended June 30, 2025 March 31, 2025 June 30, 2024 March 31, 2025 (Unaudited) (Unaudited) (Unaudited) (Audited) (Refer Note 2) (Refer Note 5) Income: I |Revenue from operations 2,811.90 3,674.36 2,398.22 13,864.83 Il |Other income 258.28 220.57 214.62 851.57 Ill |Total income (I+ IL) 3,070.18 3,894.93 2,612.84 14,716.40 IV _ |Expenses: (a) |Cost of materials consumed - Raw materials 236.94 450.12 281.57 1,584.84 - Accessories & packing materials 38.38 49.32 31.54 177.74 (b) |Purchases of stock-in-trade 358.59 732.50 291.18 2,992.49 (c) |Changes in inventories of finished goods, stock-in-trade and work-in-progress 142.94 (261.52) 24.90 (623.94) (d) |Employee benefits expense 155.68 153.47 146.01 597.99 (e) |Finance costs 141.31 136,23 139.17 952.08 () |Depreciation and amortisation expense 397.80 394.62 371.81 1,530.61 (gz) |Other expenses 673.48 893.16 496.04 3,149.63 Total expenses (IV) 2,145.12 2,547.90 1,782.22 9,521.44 V_ |Profit before tax (IH-IV) 925.06 1,347.03 830.62 5,194.96 VI |Tax expense: Current tax 268.52 332.69 180.20 1,260.98 Deferred tax (46.03) 3.29 25.53 49.26 Total Tax expense (VI) 222,49 335.98 205.73 1,310.24 VIL | Profit for the period/year (V-VI) 702.57 1,011.05 624.89 3,884.72 VIII | Other Comprehensive income/(loss) (i) | Item that will not be reclassified to profit or loss (a) Re-measurement gains/ (loss) on defined benefit obligations (0.74} 0.93 (1.29) (2.95) (b) Income tax effect on above 0.19 (0.24) 0.33 0.74 (ii) | Item that will be reclassified to profit or loss (a) Fair value changes in debt instruments through other comprehensive income 9,97 22.55 10.45 (2.37) (b) Income tax effect on above (2.51) (5.67) (2.63) 0.60 Other comprehensive income/(loss) for the period/year, net of tax 6.91 17.57 6.86 (3.98) IX _|Total comprehensive income for the period/yeat 709.48 1,028.62 631.75 3,880.74 f & equity share capital (face value of INR 1 each)(Refer Note 3) 242.95 242.94 242.88 242.94 Huity - - : 17,620.16 r equity share (EPS) (face value of share of INR 1 each)* ——=—== R per share) 2.89 416-4 oe 257 15.99 INR per share) 2.89 adele AS H tan: 2.57 15.98 eo ae. i i = “Se f* is not annualized for the quarter ended June 30, 2025, March 31, 2025 and June 30, 2024 J <r KO L 15 PP 1 VOWS! we Ae} y 7 : Ly \ Ss
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Notes :- In lerms of Regulation 33 of SEBI (Lisling Obligations & Disclosure Requirements) Regulations, 2015, this statement of Unaudited Financials Resulls of the Company for the quarter ended June 30, 2025 have been reviewed by lhe Audil Commillee and approved by Lhe Board of Directors al their respeclive meetings held on July 30, 2025, The figures for ihe Lhree months ended March 31, 2025 are the balancing figures between audited figures in respect of full financial year ended March 31, 2025 and the year lo dale published figures uplo lhe nine nionths ended December 31, 2024, which were subjected lo fimiled review. During the quarter ended June 30, 2025, 5,415 equity shares were issued lo employce's of Ihe Company againsl stock oplians exercised by (hem. The Company has only one reportable segment - "Branded Fashion apparel and accessories". The Board of Directors of the Company and Manyavar Creations Privale Limited, wholly owned subsidary of the Company, al their respeclive meclings held on Janaury 25, 2024 had approved the Scheme of Amalgamalion of Manyavar Creations Privale Limited with the Company under Seclion 230 lo 232 of the Company Act 2013 read wilh Une Companies (Compromises, Arrangements and Amalgamalions) Rules, 2016. The Scheme of Amalgamation was approved by the Nalional Company Law Tribunal (NCLT) vide ils orders dated November 11, 2024 (‘Ihe Scheme’) with 1esrospeclive appoinled dale April 01, 2024. Accordingly, the corresponding amounts for lhe quarter ended June 30, 2024 has been reslated by the Company after recognising the effect of the scheme as per Lhe applicable accounting slandard. The amalgamation has been accounted in accordance wilh Appendix C of Ind AS 103 - ‘Business Combinalions' as common control transaction using the pooling of interest method. Accordingly, all the assels, liabilities and reserve of Manyavar Creations Private Limiled as on April 01, 2024 were transferred to the Company al the book values appearing in the Consolidaled books of the Company immedialely before the amalgamation and the value of Investment was cancelled. The effecl of amalgamalion on the amount of the slandalone revenue and profil and loss published in previous period is as shown below : Three months ended June 30, 2024 (Unaudited) Particulars Revenue from operations As published in previous quarter 2,394.93 As restated for the effect of merger 2,398.22 Profit before tax As published in previous quarter 825.35 As restated for the effect of merger §30.62 Profit after tax As published in previous quarter 619.48 As restated for the effect of merger 624.89 Place: Hyderabad Dale: July 30, 2025 Ravi Modi Chairman and Managing Director DIN : 00361853