Videocon Industries Limited has accepted the resignation of Abhay Vijay Kadam from the position of Company Secretary and Compliance Officer, effective July 6, 2026. The resignation was submitted to pursue better career opportunities outside the company. Kadam confirmed that there are no other material reasons for his departure.

The company submitted the intimation to BSE Limited and The National Stock Exchange of India Limited under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155, dated November 11, 2024.

Videocon Industries is currently under the Corporate Insolvency Resolution Process by NCLT order dated June 6, 2018, read with orders dated August 8, 2019, and September 25, 2019. Abhijit Guhathakurta serves as the Resolution Professional for the company.

The following table summarizes the key details of the change in Key Managerial Personnel:

Videocon Industries Limited reported a widened net loss of ₹97,611.61 million for the financial year ended March 31, 2025, compared to a net loss of ₹83,562.31 million in the previous year. Revenue from operations declined to ₹6,477.88 million from ₹6,512.24 million in FY24. The company, which is undergoing a corporate insolvency resolution process (CIRP), disclosed that its net worth remains negative and it continues to incur losses, casting significant doubt on its ability to continue as a going concern.

The audited financial results, signed by Resolution Professional Abhijit Guhathakurta on February 10, 2026, were submitted to the exchanges under Regulation 30 and 33 of the SEBI LODR Regulations. The filing attributed the delay in submission to the ongoing CIRP, operational challenges, and the resignation of key accounting personnel. Trading in the company's securities has remained suspended on BSE and NSE since June 16, 2021.

Statutory auditors G A M P & Co. issued a disclaimer of opinion on the standalone financial results. The auditors stated they were unable to obtain sufficient appropriate evidence to conclude whether the financial statements give a true and fair view. Key limitations included the non-availability of pre-CIRP records, lack of cooperation from promoters and erstwhile management, and the absence of a complete fixed assets register. The auditors also noted that certain assets were recorded at carrying values to avoid indicative pricing for prospective resolution applicants.

The company reported total expenses of ₹1,04,278.28 million for FY25, up from ₹90,275.64 million in the prior year. Finance costs surged to ₹93,220.21 million from ₹80,060.87 million. The basic earnings per share (EPS) for the year stood at a loss of ₹291.85, compared to a loss of ₹249.84 in FY24. The total comprehensive loss for the period was ₹97,666.44 million.

Financial Highlights for FY25

The balance sheet as of March 31, 2025, showed total assets of ₹3,37,905.02 million and total equity and liabilities of ₹3,37,905.02 million. The company's equity stood at a negative ₹4,38,819.13 million, indicating a severe deficit. Borrowings, classified as current liabilities, amounted to ₹7,05,869.11 million. The auditors highlighted that the company has not appointed key managerial personnel, including a Chief Financial Officer and Independent Directors, constituting a continuing non-compliance with statutory requirements.