Vapi Enterprise Ltd. has closed its trading window for designated insiders from July 1, 2026, until 48 hours after the declaration of its unaudited standalone financial results for the quarter ending June 30, 2026. The restriction is part of the company's compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and its internal Code of Conduct to regulate, monitor, and report trading by insiders.

The closure prohibits dealing in the equity shares of the company by directors, promoters, key managerial personnel (KMP), designated employees, and specified connected persons. The trading window will remain shut until the expiry of the 48-hour period following the announcement of the Q1FY26 results.

Compliance and Regulatory Framework

The decision aligns with BSE circular no. LIST/COMP/01/2019-20. The company has stated that the designated persons will be informed of the closure in accordance with the referred Code of Conduct.

The intimation was submitted to BSE Limited on June 23, 2026, by Riddhi Harsh Desai, Company Secretary of Vapi Enterprise Ltd.

Vapi Enterprise reported a net profit of ₹149.45 lakh for the financial year ended March 31, 2026, an increase of 13.6% from ₹131.55 lakh in the prior year. The company’s total income for FY26 rose to ₹240.57 lakh compared to ₹218.15 lakh in FY25. For the quarter ended March 31, 2026, the net profit was recorded at ₹41.54 lakh.

The Board of Directors approved the standalone audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026. The results were reviewed by the board and audited by the statutory auditors, M I Shah And Co, Chartered Accountants. The company published the audited financial results in newspapers Financial Express and Pratahkal on May 28, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditors issued a report with a modified opinion, highlighting specific areas of concern. The report noted that the company did not comply with Indian Accounting Standard (IndAS-19) regarding Employee Benefits, specifically concerning the non-provisioning of employee benefits. Additionally, the auditors stated they were unable to form an opinion on certain obligations, including a deposit of ₹2,14,04,744 made against an electricity department's demand, which is currently under appeal before the Hon'ble High Court of Gujarat.

The auditors also drew attention to the sale of the company's factory land and the management's efforts to identify new business opportunities. As of the report date, no definitive business plan had been finalized. However, the management prepared the financial statements on a going concern basis, citing the company's positive net worth position.

Regarding internal controls, the auditors reported that the company utilized accounting software lacking an audit trail (edit log) facility, a feature required under the Companies (Audit and Auditors) Rules, 2014. The financial statements were prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34.

Financial Results for FY26