VIP Industries Limited

rs,

BSE Limited Phiroze Jeejeebhoy Towers, Dalal St, Kala Ghoda, Fort, Mumbai – 400001 BSE Code No. 507880 Dear Sir / Madam, May 15, 202

Rs 700

ed Company & Channel Inventory (Sep 25) Broken Brand Architecture & Market Connect • • • • ~Rs 700 Cr of FG+ RM inventory Market Connect Significant part of inventory was “Slow moving” with no pr

Rs 130

mber) Optimal levels reached Gross Inventory reduced 45 lac units  28 lac units Provisions of ~Rs 130 Cr No incremental Provisions expected Brand Architecture finalized Sharper Product Grid: 25-3

30%

Cr No incremental Provisions expected Brand Architecture finalized Sharper Product Grid: 25-30% reduction in SKU count in portfolio Q4 Bangladesh EBITDA of INR 9 Cr Vendor & warehouse consol

INR 9

alized Sharper Product Grid: 25-30% reduction in SKU count in portfolio Q4 Bangladesh EBITDA of INR 9 Cr Vendor & warehouse consolidation underway Liquidation support of 40-50 Cr provided to the ch

8%

ation underway Liquidation support of 40-50 Cr provided to the channel Gross Margin impact of 6-8% already taken to enable correction 65+ new products launched across categories Re-establishin

Rs 367

multiple workstreams Result of Action: Balance Sheet Clean-Up Completed Q4’25 Q4’26 Net Debt Rs 367 Cr Rs 295 Cr Net Inventory Rs 698 Cr Rs 472 Cr ~Rs 230 Cr of Inventory reduction & ~Rs 70 Cr o

Rs 295

orkstreams Result of Action: Balance Sheet Clean-Up Completed Q4’25 Q4’26 Net Debt Rs 367 Cr Rs 295 Cr Net Inventory Rs 698 Cr Rs 472 Cr ~Rs 230 Cr of Inventory reduction & ~Rs 70 Cr of Net Debt

Rs 698

n: Balance Sheet Clean-Up Completed Q4’25 Q4’26 Net Debt Rs 367 Cr Rs 295 Cr Net Inventory Rs 698 Cr Rs 472 Cr ~Rs 230 Cr of Inventory reduction & ~Rs 70 Cr of Net Debt Reduction Achieved Since Ma

Rs 472

Sheet Clean-Up Completed Q4’25 Q4’26 Net Debt Rs 367 Cr Rs 295 Cr Net Inventory Rs 698 Cr Rs 472 Cr ~Rs 230 Cr of Inventory reduction & ~Rs 70 Cr of Net Debt Reduction Achieved Since Mar’25 Inven

Rs 230

Up Completed Q4’25 Q4’26 Net Debt Rs 367 Cr Rs 295 Cr Net Inventory Rs 698 Cr Rs 472 Cr ~Rs 230 Cr of Inventory reduction & ~Rs 70 Cr of Net Debt Reduction Achieved Since Mar’25 Inventory normali

Rs 70

t Rs 367 Cr Rs 295 Cr Net Inventory Rs 698 Cr Rs 472 Cr ~Rs 230 Cr of Inventory reduction & ~Rs 70 Cr of Net Debt Reduction Achieved Since Mar’25 Inventory normalized at ~75 days as of Mar’26 Numbe

Sharper Product Grid

1

Sharper Product Grid

25-30% reduction in SKU count in portfolio Q4 Bangladesh EBITDA of INR 9 Cr Vendor & warehouse consolidation underway Liquidation support of 40-50 Cr provided to the channel Gross Margin impact of 6-8% already taken to enable correction 65+ new products launched across categories Re-establishing strong channel connect Procurement and manufacturing efficiency to be initiated Transformation plan activated across multiple workstreams Result of Action: Balance Sheet Clean-Up Completed Q4’25 Q4’26 Net Debt Rs 367 Cr Rs 295 Cr Net Inventory Rs 698 Cr Rs 472 Cr ~Rs 230 Cr of Inventory reduction & ~Rs 70 Cr of Net Debt Reduction Achieved Since Mar’25 Inventory normalized at ~75 days as of Mar’26 Numbers : in Rs Cr Result of Action: Offline Has Turned Around H1’26 H2’26 Rs 750 Cr -11% Rs 215 Cr -36% Rs 965 Cr -18% Rs 724 Cr -3% Rs 159 Cr -34% Rs 884 Cr -10% De-growth in offline successfully arrested ; online to follow Offline + Caprese Rev / YOY Growth Online Rev / YOY Growth Overall Rev / YOY