Vippy Spinpro Limited has reached a significant milestone in its expansion programme with the completion of majority machinery installation at its Dewas facility. The company submitted an intimation to BSE Limited on 2nd March, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Expansion Programme Progress

The textile company announced that the installation of majority machinery has been completed at its unit situated at 14-A, Industrial Area, A.B. Road, Dewas (M.P.) – 455001. The debottlenecking process for the installed machinery is currently in progress, marking a crucial phase in the expansion programme's implementation.

Previous Corporate Announcements

This latest update continues a series of corporate communications regarding the expansion programme. Vippy Spinpro Limited had previously submitted announcements to stock exchanges on multiple dates throughout the expansion timeline:

• 22nd March, 2025
• 12th April, 2025
• 2nd July, 2025
• 8th January, 2026

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123. The information has been made available on the company's website at www.vippyspinpro.com for stakeholder access.

Pulkit Maheshwari, serving as CS, Compliance Officer & CFO, signed the regulatory filing on behalf of Vippy Spinpro Limited. The completion of machinery installation represents a significant operational advancement for the company's manufacturing capabilities at the Dewas facility.

Vippy Spinpro Limited announced its unaudited financial results for the quarter ended December 31, 2025, showing a decline in both revenue and profitability compared to the corresponding period last year. The textile company's Board of Directors approved these results during a meeting held on February 13, 2026.

Financial Performance Overview

The company's financial performance for Q3 FY26 reflected challenging market conditions with significant year-on-year declines across key metrics.

Quarterly Results Analysis

Revenue from operations declined to ₹5,549.83 lakhs in Q3 FY26 from ₹6,990.62 lakhs in Q3 FY25. Other income increased to ₹73.97 lakhs compared to ₹43.94 lakhs in the previous year, resulting in total income of ₹5,623.80 lakhs versus ₹7,034.56 lakhs.

Total expenses for the quarter amounted to ₹5,254.29 lakhs compared to ₹6,527.00 lakhs in Q3 FY25. The company benefited from negative finance costs of ₹18.03 lakhs, which included an interest subsidy of ₹81.38 lakhs relating to previous quarters, offset by financial expenses of ₹63.35 lakhs during the quarter.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company's performance showed similar trends:

Exceptional Items and Labour Code Impact

The company recorded exceptional items of ₹72.61 lakhs during Q3 FY26, attributed to past service costs arising from the implementation of new labour codes notified by the Government of India on November 21, 2025. These codes consolidate and replace existing labour legislations, requiring immediate recognition of past service costs as per Indian Accounting Standard 19.

Expansion Programme Update

Vippy Spinpro's expansion programme remains in progress and is expected to be completed during the last quarter of FY 2025-26. The company continues to invest in growth initiatives despite the current challenging operating environment.

Other Comprehensive Income

The company reported other comprehensive income of ₹4.60 lakhs for Q3 FY26 compared to negative ₹3.15 lakhs in Q3 FY25. Total comprehensive income for the quarter stood at ₹187.57 lakhs versus ₹370.05 lakhs in the previous year. The paid-up equity share capital remained unchanged at ₹587.00 lakhs with a face value of ₹10 per share.