VIP Industries Limited has announced a key change in its senior management team with the resignation of Mr. Sumit Gupta, Vice President - Sales. The company disclosed this development through a formal communication to stock exchanges under regulatory compliance requirements.

Resignation Details

Mr. Sumit Gupta has tendered his resignation from his position as Vice President - Sales, effective from the close of business hours on January 31, 2026. The resignation has been attributed to personal reasons, as stated in the official company communication.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Gupta is classified as Senior Management Personnel under Regulation 16(1)(d) of SEBI Listing Regulations, making this disclosure mandatory for the company.

VIP Industries has submitted the required documentation to both BSE Limited (Code No. 507880) and National Stock Exchange of India Ltd. (Code – VIPIND), including:

• Formal resignation letter
• Details as prescribed under SEBI Listing Regulations
• Copy of the accepted resignation

Notice Period and Transition

According to the resignation communication, Mr. Gupta will serve his full notice period of 3 months. In his resignation letter dated November 1, 2025, he expressed gratitude to the organization for providing him the opportunity to be part of VIP Industries, despite working for a relatively short duration.

The company secretary Ashitosh Sheth signed the regulatory filing on January 30, 2026, ensuring timely disclosure to investors and market participants as required under SEBI regulations.

Tips Music has rewarded shareholders with a substantial interim dividend announcement alongside strong quarterly financial results for the period ending December 31, 2025. The entertainment company, founded by the Taurani brothers Kumar and Ramesh, continues to demonstrate robust financial performance in the Indian entertainment sector.

Dividend Declaration Details

The Board of Directors has declared the third interim dividend for FY26, offering shareholders significant returns on their investment.

Shareholders must hold the stock before the record date of January 23, 2026, to be eligible for this interim dividend payment.

Q3 FY26 Financial Performance

Tips Music delivered impressive financial results for the quarter ending December 31, 2025, showcasing strong growth across key metrics.

The company's operating EBITDA margin expansion from 71.6% to 79% demonstrates improved operational efficiency and cost management during the quarter.

Nine-Month Performance Overview

For the nine-month period ending December 31, 2025, Tips Music maintained consistent growth momentum across revenue and profitability metrics.

The sustained growth in both revenue and profitability over the nine-month period reflects the company's strong market position in the entertainment industry.

Market Analysis Perspective

According to A R Ramachandran, part-time SEBI-registered Research Analyst at Tips2trades, the stock faces technical challenges with strong resistance at ₹537 on daily charts. The analysis suggests that a daily close below the support level of ₹510 could lead to a target of ₹483 in the near term, indicating a bearish outlook from a technical standpoint.