Company Overview
Vippy Spinpro Limited (Scrip Code: 514302), incorporated in 1992, is an Open End (OE) Cotton Yarn Spinning company based in Dewas, Madhya Pradesh. The company specializes in waxed yarn, slub yarns, low twist yarns, soft yarns, contamination free yarn, and contamination controlled yarn.
Annual General Meeting Business
Ordinary Business
1. Adoption of Audited Financial Statements for FY 2025-26 and Reports of Board of Directors and Auditors
2. Re-appointment of Shri Piyush Mutha (DIN: 00424206) as Managing Director, who retires by rotation
Special Business
3. Ratification of remuneration of ₹30,000 p.a. plus expenses for Cost Auditors M/s M. Goyal & Co. for FY 2026-27
4. Re-appointment of Shri Piyush Mutha as Managing Director for 3 years from April 1, 2027 to March 31, 2030
5. Revision in remuneration of Shri Piyush Mutha as Managing Director effective from April 1, 2026
6. Appointment of Ms. Muskaan Gupta (DIN: 09563359) as Non-Executive Independent Director for 1 year from August 10, 2026
7. Borrowing limit increase to ₹250 crores (exceeding paid-up capital, free reserves, and securities premium)
8. Re-appointment of Shri Manish Jhanwar (DIN: 05312225) as Independent Director for 5 years from May 3, 2027
9. Appointment of Shri Chandrashekhar Sharma (DIN: 11914422) as Executive Non-Independent Director for 1 year from August 27, 2026 at remuneration of ₹1,13,000 per month
Financial Performance Highlights (FY 2025-26)
- Total Revenue: ₹271.70 crores (Previous year: ₹281.37 crores)
- Profit Before Tax: ₹17.27 crores (Previous year: ₹16.46 crores)
- Profit After Tax: ₹11.98 crores (Previous year: ₹11.49 crores)
- EPS: ₹20.41 (Previous year: ₹19.57)
- No Dividend recommended for the year
Key Operational Metrics
- Production: 16,185.75 MT (Previous year: 16,758.69 MT)
- Sales: 16,156.37 MT (Previous year: 16,737.21 MT)
- Renewable Energy Utilization: 23,24,021 units (15.98% of total consumption)
- Rainwater Harvesting: 30,283 cubic meters collected
Corporate Social Responsibility
- CSR expenditure of ₹24.46 lakhs against obligation of ₹24.26 lakhs
- Focus areas: Education, Healthcare, Women Empowerment, Sanitation, Animal Welfare
- Financial assistance provided to 122 students with exceptional academic achievements
Director Remuneration Details
- Shri Piyush Mutha (MD): ₹180.11 lakhs total remuneration
- Basic Salary: ₹14.50 lakhs per month maximum
- Perquisites including utilities (₹3 lakh p.a.), medical reimbursement (₹2 lakh p.a.), club fees (₹50,000 p.a.)
Borrowings and Credit Rating
- Total Borrowings: ₹112.18 crores (Previous year: ₹33.01 crores)
- Credit Rating: CARE BBB+ (Stable) for long-term facilities, CARE A2 for short-term facilities
- Term loans secured by mortgage of land and building, and charge on plant and machinery
Board Composition
Current Directors:
- Shri Piyush Mutha (Managing Director)
- Shri Praneet Mutha (Director)
- Shri Mangalore Maruthi Rao (Whole Time Director)
- Shri Kamal Ahluwalia (Independent Director)
- Smt. Deepa Sudhir Mekal (Independent Woman Director)
- Shri Manish Jhanwar (Independent Director)
New Appointments:
- Ms. Muskaan Gupta (Independent Director)
- Shri Chandrashekhar Sharma (Executive Director)
Key Managerial Personnel
- Shri Piyush Mutha, Managing Director
- Shri Mangalore Maruthi Rao, Whole Time Director
- Shri Pulkit Maheshwari, Company Secretary & CFO
Registered Office and Facilities
- Works Office: 14-A, Industrial Area, A.B. Road, Dewas-455001 (M.P.)
- Registrar & Share Transfer Agent: Ankit Consultancy Pvt. Ltd., Indore
Shareholding Pattern (as on March 31, 2026)
- Promoter & Promoter Group: 66.58%
- Public Shareholding: 33.42%
- Dematerialized Shares: 86.17%
- Physical Shares: 13.83%
Compliance and Regulatory References
- Prepared in compliance with Regulation 34 and 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Section 102(1) of Companies Act, 2013 for special business explanations
- Section 135 of Companies Act, 2013 for CSR disclosures