Vedant Fashions Limited held its Board of Directors meeting on July 25, 2026, which commenced at 05:25 p.m. and concluded at 06:40 p.m. The meeting was conducted pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
1. Approval of Unaudited Financial Results for Q1 FY27
The Board approved the unaudited financial results for the quarter ended June 30, 2026. The financial statements were reviewed by statutory auditors M/s B S R & Co. LLP, who issued a limited review report confirming no material misstatements were found.
Financial Highlights (Quarter ended June 30, 2026):
- Revenue from operations: ₹3,310.82 crore
- Total expenses: ₹2,255.28 crore
- Profit before tax: ₹1,055.29 crore
- Total tax expense: ₹249.19 crore (Current tax: ₹233.31 crore, Deferred tax: ₹15.87 crore)
- Net profit for the quarter: ₹806.11 crore
- Other comprehensive income/(loss): ₹10.56 crore
- Total comprehensive income for the quarter: ₹816.67 crore
- Basic and diluted EPS: ₹3.32 per share (not annualized)
Comparative Figures:
- Previous quarter (March 31, 2026): Revenue ₹3,756.90 crore, Net profit ₹1,143.03 crore, EPS ₹4.70
- Year-ago quarter (June 30, 2025): Revenue ₹3,067.26 crore, Net profit ₹702.57 crore, EPS ₹2.89
2. Capital Structure Update
During the quarter ended June 30, 2026, the company issued 5,142 equity shares to employees against stock options exercised. The paid-up equity share capital remains at face value of ₹1 per share.
3. Management Re-appointments
The Board approved the re-appointment of three directors based on the recommendation of the Nomination and Remuneration Committee:
Mr. Ravi Modi (DIN: 00361853) - Re-appointed as Chairman and Managing Director for a five-year term from August 28, 2026 to August 27, 2031, subject to shareholder approval. Mr. Modi is the founder and promoter with over 25 years of industry experience and has been instrumental in the company's growth in the Indian celebration and wedding wear segment.
Mrs. Shilpi Modi (DIN: 00361954) - Re-appointed as Whole-time Director for a five-year term from August 28, 2026 to August 27, 2031, subject to shareholder approval. Mrs. Modi is a promoter with nearly 25 years of experience in the garment industry and oversees the company's product lifecycle management.
Mr. Manish Mahendra Choksi (DIN: 00026496) - Re-appointed as Non-Executive Independent Director for a second five-year term from September 06, 2026 to September 05, 2031, subject to shareholder approval. Mr. Choksi is not related to any directors or promoters and meets all independence criteria.
4. Regulatory Compliance
All three directors have confirmed they are not disqualified under Section 164 of the Companies Act, 2013 and are not debarred by SEBI or any other statutory authority. The required disclosures under Regulation 30 of Listing Regulations and SEBI Master Circular dated January 30, 2026 have been provided.
5. Business Segments and Operations
The company has only one reportable segment: "Branded Fashion apparel and accessories". The company does not have any investments in subsidiary/associate/joint venture, making consolidated financial results not applicable.
The above information is available on the company website www.vedantfashions.com.