VTM Ltd discloses related party transactions for half year ended March 31, 2026

vtm has submitted its disclosure of related party transactions for the half-year ended March 31, 2026, to the Bombay Stock Exchange. The filing, made in compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the company's dealings with Key Management Personnel (KMP) and other related parties during the period.

The total value of related party transactions for the half-year ended March 31, 2026, stood at ₹4,155.36 lakh. This represents an increase from the ₹3,395.74 lakh recorded during the half-year ended March 31, 2025. The data indicates a shift in the composition of these transactions, particularly concerning purchases of goods and availing of services.

Financial Breakdown

The disclosure provides a detailed breakdown of various transaction categories. Notably, the purchase of goods from other related parties rose significantly to ₹2,423.45 lakh from ₹2,250.71 lakh in the previous year. Similarly, expenses for services availed increased to ₹1,336.71 lakh from ₹602.54 lakh.

Conversely, remuneration paid to Key Management Personnel decreased to ₹76.64 lakh from ₹215.92 lakh in the corresponding period of the previous year. Dividend payments also saw a reduction, totaling ₹228.54 lakh compared to ₹244.47 lakh previously.

Related Party Transactions Table

The following table summarizes the related party transactions for the half-year ended March 31, 2026, and the corresponding period in the previous year (Amounts in ₹ lakhs):

S.No	Nature of transactions	Half Year ended Oct to Mar 2026 (H2)			Half Year ended Oct to Mar 2025
		KMP/Relatives	Others	Total	KMP/Relatives	Others	Total
1	Sale of goods	-	47.50	47.50	-	62.88	62.88
2	Purchase of goods	-	2,423.45	2,423.45	-	2,250.71	2,250.71
3	Availing of services- Expenses	-	1,336.71	1,336.71	-	602.54	602.54
4	Rendering of services- Income	-	-	-	-	-	-
5	CSR Contribution paid	-	30.47	30.47	-	7.77	7.77
6	Remuneration to KMP	76.64	-	76.64	215.92	-	215.92
7	Dividend Paid	228.54	-	228.54	237.77	6.70	244.47
8	Dividend received	-	-	-	-	-	-
9	Purchase of Fixed Assets	-	-	-	-	-	-
10	Rent Paid	-	10.67	10.67	-	10.27	10.27
11	Rent received	-	1.18	1.18	-	1.18	1.18
12	Sitting Fees	0.20	-	0.20	-	-	-
	Total	305.38	3,849.98	4,155.36	453.69	2,942.05	3,395.74

Key Management Personnel

The disclosure also lists the Key Management Personnel and their relatives, including Chairman and Managing Director Sri. K Thiagarajan and Director Dr.(Smt) Uma Kannan. The company noted that it does not have a holding company, nor any subsidiaries, associates, or joint ventures. The filing was signed by Company Secretary Smt. K Preyatharshine.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.62%	-19.06%	-20.95%	-21.26%	-37.53%	+403.29%

VTM Limited has announced its audited financial results for the quarter and year ended March 31, 2026, following a meeting of its Board of Directors on May 22, 2026. The company, engaged in the manufacturing of textiles, reported a decline in annual net profit compared to the previous year, impacted by exceptional items, foreign exchange fluctuations, and a sharp contraction in quarterly EBITDA margins.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹89.65 lakh, a significant decrease from ₹1,217.19 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹11,016.68 lakh, up from ₹10,869.40 lakh in the same period last year. Total income for the quarter was ₹11,043.23 lakh. EBITDA for the quarter came in at 73M rupees, sharply lower than 185M rupees in the same quarter of the previous year, with the EBITDA margin contracting to 6.61% from 16.97% year-on-year.

On an annual basis, net profit for the year ended March 31, 2026, settled at ₹1,119.88 lakh, down from ₹4,537.41 lakh in the previous year. Revenue from operations for the fiscal year increased to ₹37,198.13 lakh from ₹34,452.68 lakh in the prior year. Total income for the year rose to ₹37,538.96 lakh. The company noted that exceptional items, including provisions for gratuity and the abnormal effect of changes in forex rates, impacted profitability. Additionally, the company provided discounts aggregating to ₹1,997.40 lakh to customers in the USA to mitigate tariff burdens.

Financial Performance

The following table summarises the key annual financial metrics for the year ended March 31, 2026, compared to the previous year:

Metric:	Year Ended March 31, 2026 (₹ in Lakh)	Year Ended March 31, 2025 (₹ in Lakh)
Net Sales / Income from Operations:	37,198.13	34,452.68
Total Income:	37,538.96	34,935.19
Total Expenses:	35,740.25	28,883.64
Net Profit for the Period:	1,119.88	4,537.41
Earnings Per Share (Basic):	1.11	4.51

The quarterly performance further highlights the pressure on margins, with EBITDA declining steeply on a year-on-year basis:

Metric:	Q4 FY26	Q4 FY25
Net Profit:	₹89.65 lakh	₹1,217.19 lakh
Revenue from Operations:	₹11,016.68 lakh	₹10,869.40 lakh
EBITDA:	73M Rupees	185M Rupees
EBITDA Margin:	6.61%	16.97%

The statement of assets and liabilities as of March 31, 2026, shows total assets at ₹44,808.75 lakh, compared to ₹38,260.57 lakh in the previous year. Equity share capital increased to ₹1,005.69 lakh from ₹402.28 lakh, following the issuance of bonus shares. Reserves stood at ₹30,493.39 lakh.

Corporate Governance

The Board has decided to hold the Annual General Meeting on July 31, 2026. The share transfer books will remain closed from July 26, 2026, to July 31, 2026. The Board has not recommended any dividend for the financial year 2025-2026. The statutory auditors, M/s CNGSN & Associates LLP, have expressed an unmodified opinion on the audited financial results. The company also informed the exchanges that it is in the process of complying with required procedures to list its equity shares on the National Stock Exchange of India Limited.