Vapi Enterprise Ltd. has filed its quarterly compliance certificate with BSE Limited under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The regulatory filing demonstrates the company's adherence to mandatory compliance requirements for listed entities.

Regulatory Compliance Filing

The certificate was submitted on April 7, 2026, by Company Secretary Riddhi Harsh Desai to BSE Limited's Department of Corporate Services. The filing pertains to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which mandates quarterly compliance reporting for dematerialization processes.

Registrar Confirmation

Bigshare Services Private Limited, serving as the company's Registrar and Share Transfer Agents, issued the compliance certificate dated April 6, 2026. The certificate was signed by Akash Shamal, Authorised Signatory of Bigshare Services.

The registrar confirmed that all securities received from depository participants for dematerialization up to March 31, 2026, were properly processed and confirmed to the depositories. The certificate validates that all dematerialized securities have been listed on the stock exchange where the company's earlier issued securities are traded.

Dematerialization Process Compliance

The compliance certificate confirms adherence to prescribed dematerialization procedures during the quarter. Key compliance aspects include:

• Securities received for dematerialization were confirmed (accepted/rejected) to depositories
• Security certificates were mutilated and cancelled after due verification by depository participants
• Depository names were substituted in the register of members as registered owners
• All processes were completed within the mandated 15-day timeframe from receipt of security certificates

Company Information

Vapi Enterprise Ltd., formerly known as Vapi Paper Mills Ltd., operates from its registered office at 213 Udyog Mandir, Pitamber Lane, Mahim (West), Mumbai 400016. The company maintains its corporate website at www.vapienterprise.com and holds CIN number L21010MH1974PLC032457.

The quarterly compliance filing represents part of the company's ongoing regulatory obligations as a BSE-listed entity, ensuring transparency in share transfer and dematerialization processes for investor protection.

Vapi Enterprise Limited has announced its unaudited financial results for the third quarter ended December 31, 2025. The company's board of directors approved these results during a meeting held on February 12, 2026, under Regulation 33 of the SEBI Listing Regulations. The board meeting commenced at 10:00 AM and concluded at 12:00 noon.

Financial Performance Overview

The company's quarterly performance showed mixed results compared to the previous year. While the nine-month period demonstrated growth, the individual quarter reflected some challenges.

Revenue and Income Analysis

The company's total income for Q3FY26 stood at Rs. 56.43 lacs, showing a marginal decline of 0.8% from Rs. 56.86 lacs in Q3FY25. The entire income was derived from other operating income, as the company reported no income from primary operations during both quarters.

Expense Structure

Total expenses increased significantly by 33.5% to Rs. 10.71 lacs in Q3FY26 from Rs. 8.02 lacs in the previous year quarter. The expense breakdown revealed:

Nine-Month Performance

Despite the quarterly decline, the company's nine-month performance showed positive growth trends:

Tax and Profitability

The company's tax expenses for Q3FY26 increased substantially to Rs. 12.76 lacs compared to Rs. 6.75 lacs in Q3FY25. This included current tax of Rs. 12.73 lacs and deferred tax of Rs. 0.03 lacs. The higher tax burden contributed to the decline in net profit margins.

Auditor Review and Compliance Matters

The financial results were reviewed by statutory auditors M. I. Shah & Co., Chartered Accountants, who provided a limited review report. The auditors highlighted certain compliance matters, including non-compliance with Indian Accounting Standard (IndAS-19) on Employee Benefits regarding non-provisioning of employee benefits. Additionally, the company's accounting software lacks audit trail facility as required under the Companies (Audit and Auditors) Rules, 2014.

Corporate Details

Vapi Enterprise Limited, formerly known as Vapi Paper Mills Limited, maintains its registered office at 213, Udyog Mandir, Pitamber Lane, Mahim, Mumbai and operates a factory in Vapi, Gujarat. The company's paid-up equity share capital remained unchanged at Rs. 228.15 lacs with a face value of Rs. 10.00 per share. Managing Director Manoj Ramanbhai Patel signed the board meeting outcome documents.