VIP Industries Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026, demonstrating adherence to regulatory requirements for dematerialisation processes.

Regulatory Compliance Filing

The company filed the mandatory certificate with both BSE Limited and National Stock Exchange of India Limited on April 6, 2026. The submission fulfills requirements under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's registrar and share transfer agent. The registrar issued the compliance certificate on April 3, 2026, confirming proper handling of dematerialisation processes during the quarter.

The certificate validates that securities received from depository participants for dematerialisation during Q4FY26 were appropriately confirmed to the depositories. All security certificates received were mutilated and cancelled after due verification by the depository participant, with depositories' names substituted in the register of members within prescribed timelines.

Process Verification

Key confirmations provided in the certificate include:

• Securities received for dematerialisation were confirmed (accepted/rejected) to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates were mutilated and cancelled after proper verification
• Depository names were substituted in the register of members within prescribed timelines

Corporate Governance

Company Secretary and Head – Legal Ashitosh Sheth (ACS 25997) signed the submission letter, requesting stock exchanges to disseminate the information for investor awareness. The filing demonstrates VIP Industries' commitment to maintaining transparent corporate governance practices and regulatory compliance.

The submission ensures that investors and market participants have access to information regarding the company's dematerialisation processes and adherence to SEBI regulations during the quarter ended March 31, 2026.

VIP Industries Limited has received a penalty order of ₹41.03 lakh from tax authorities in Maharashtra, the company disclosed in a regulatory filing on April 01, 2026. The penalty relates to alleged contraventions in Input Tax Credit (ITC) provisions under the Goods and Services Tax framework.

Penalty Details and Authority

The Assistant Commissioner, CGST and Central Excise, Nashik-I Division, Maharashtra imposed the penalty under Section 122 of the CGST Act, 2017. The company received the order on March 31, 2026, and made the disclosure pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Nature of Alleged Violation

The penalty stems from a demand on account of passing of Input Tax Credit in contravention to the provisions of the CGST Act or rules made thereunder. Input Tax Credit allows businesses to claim credit for taxes paid on inputs used in the production or supply of goods and services.

Company's Response and Impact Assessment

VIP Industries has stated that there is no material impact on the company's financials, operations, or other activities, except for the aforesaid GST liability. The company emphasized its intention to challenge the order through proper legal channels.

The luggage manufacturer plans to file an appeal against the penalty order before the appellate authorities within the stipulated timeline. This approach indicates the company's disagreement with the tax authorities' assessment and its confidence in defending its position through the appellate process.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations and the Master Circular dated January 30, 2026. The company provided comprehensive details as required under the listing regulations, ensuring transparency with stakeholders regarding the regulatory development.