Vipul Limited — Others, 16-06-2025: Resignation

Vipul Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company reported a net loss for the year ended March 31, 2025, with audit qualifications highlighting issues like unencashed customer advances, unsecured loans lacking proper documentation, and unsettled interest provisions. Several subsidiaries face significant doubts about their ability to continue as going concerns. The Board will not declare a dividend. The company is working on amalgamating five subsidiaries and has appointed M/s AVA Associates as Secretarial Auditor, M/s Vijender Sharma & Co. as Cost Auditor, and M/s Arora & Bansal as Internal Auditor. Mr. Sunil Kumar resigned as Company Secretary and Compliance Officer.