Interim report
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V2 Retail Limited Reg. off.: Khasra No. 928, Extended Lal Dora Abadi Village Kapashera, Tehsil Vasant Vihar, South West Delhi, Delhi-110037 Corporate Off.: 2nd Floor, 13, Sub. Major Laxmi Chand Rd, Maruti Udyog, Sector 18, Gurugram, Sarhol, Haryana 122015 E-mail: customercare@v2kart.com Website: www.v2retail.com CIN: L74999DL2001PLC147724 Tel.: 011-41771850 03rd November, 2026 BSE Ltd. National Stock Exchange of India Ltd. Corporate Relation Department, Listing Department Listing Department, Exchange Plaza, C-1, Block- G, Rotunda Building, PJ Towers, Bandra Kurla Complex Dalal Street, Mumbai – 400 023. Bandra (East) Mumbai–400 051 Scrip Code: 532867 NSE Symbol: V2RETAIL Sub: Outcome of the Meeting of the Board of Directors of the Company held on 03rd November, 2026 Dear Sir/Madam, Pursuant to Regulation 30 & 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the Board in its meeting held today i.e. , on November 03, 2026, considered and approved the Un-audited Financial Results of the Company for the Second quarter and Half year ended September 30, 2026. The unaudited financial results of the Company for the Second quarter and half year ended September 30, 2026 as considered, approved and taken on record by the Board of Directors of the Company along with the Limited Review Report issued by the Statutory Auditors. (Annexed herewith). The Board Meeting commenced at 16:46 p.m. and concluded at 18:20 p.m. We request you to kindly take the above information on record. Thanking you, YOURS FAITHFULLY, FOR V2 RETAIL LIMITED SHIVAM AGGARWAL COMPANY SECRETARY & COMPLIANCE OFFICER Encl.: As above
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° ° Unit No. 1704, 17th Floor, Sing 1 WF C O World Trade Tower, (WTT), DND Flyway, ‘ Sector 16, Noida 201 304 (India) 7 +91 (0120) 297 0005, 92055 75996 Chartered Accountants = newdelhi@singhico.com www.singhico.com Independent Auditor’s Review Report on Unaudited Quarterly Standalone Financial Results for Quarter and Half year ended September 30, 2026 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended. Review Report to The Board of Directors of V2 Retail Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results (“Statement”) of V2 Retail Limited (‘the Company”) for the quarter and half year ended September 30, 2026 being submitted by the Company pursuant to the requirements of Regulations 33 or the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended (‘the Listing Regulations’). 2. This Statement, which is the responsibility of the Company’s Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement read with notes therein, prepared in accordance with Indian accounting standards (Ind AS) and other recognized accounting practices and principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We draw attention to Note 4 of the accompanying standalone financial results, which describes that an advance amounting to Rs. 1,032.91 Lakhs outstanding since April 2019, has been considered good based on extension of the underlying contract with Bennett, Coleman and Co. Limited (‘BCCL’) till March 31, 2028. The management is confident of the utilization of such advance against future advertisement services to be provided by BCCL within the extended periods of the contract and hence, has considered the aforesaid balance as fully recoverable as on date. Our conclusion on the statement is not modified in respect of this matter. For Singhi & Co. Chartered Accountants Firm Reg. No. 302049E ae Bimal Kumar Sipani Partner Membership No. 088926 UDIN: 26088926CQTOSI2150 Place: Noida (Delhi-NCR) Date: November 03, 2026 Page lof1 Offices : Kolkata, Delhi NCR, Mumbai, Chennai, Bengaluru, Pune & Raipur
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WE Valac & Vaviedy V2 Retail Limited Statement of unaudited standalone financial results for the quarter and half year ended 30 September 2026 (Rs. in lakhs, unless stated otherwise) Quarter ended Six months ended Year ended i 30 September 30 September | 30 September | 30 September |Particulars 2026 30 June 2026 2025 2026 2025 34 March 2026 (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) (Audited) 1 [Income {a) [Revenue from operations 90,559.98 99,719.65 70,489.35 1,90,279.63 1,33,459.01 3,06,003.33 {b) JOther income 248.27 98.78 46.68 347,05 123.16 889.91 Total Income 90,808.25 99,818.43 70,536.03 1,90,626.68 1,33,582.17 3,06,893.24 2 [Expenses {a) |Purchases of stock-in-trade 77,219,92 87,031.07 69,827.03 1,64,250.99 1,23,402.83 2,74,664.91 (b) [Changes in inventories of stock-in-trade (14,792.60)} (15,813.97) (19,070.47) (30,606.57) (27,988.65) (61,212.41) (c) }Employee benefits expense 8,919.25 8,026.98 5,720.48 16,946.23 10,617.10 23,982.45 {d) |Finance costs : 2,965.86 2,499.03 2,791.47 5,464.89 §,031.88 9,623.49 (e) |Depreciation and amortisation expense 6,830.70 6,387.38 3,729.77 43,218.08 6,898.38 18,121.87 (f} |} Other expenses 7,179.86 8,524.45 5,428.05 13,704.34 9,796.36 21,971.43 Total expenses 88,322.99 94,654.94 68,426.33 1,82,977.93 1,27,757.89 2,87,151.74 3. [Profit before tax and exceptional items (1-2) 2,485.26 5,163.49 2,109.70 7,648.75 §,824.26 19,741.50 4 [Exceptional items - net gain « * % - - 41,813.92 5 [Profit before tax (3+4) 2,485.26 5,163.49 2,109.70 7,648.75 5,824.26 21,555.42 & [Tax expense {@) [Current tax 746.80 1,243.21 711.27 1,990.04 4,921.28 5,639.95 (b) |Current tax related to earlier years 2 - (156.13) - (156.13) (156.13) (c} [Deferred tax (89.89) (269.73) (253.75) (359.62) (623.80) (261.94) Total tax expense 656.91 973.48 301.39 1,630.33 41,241.35 §,221.88 ? [Profit for the period/year (5-6) 1,828.35 4,190.01 1,808.31 6,018.36 4,582.91 16,333.54 8 [Other comprehensive income (i) Items that will not be reclassified to the statement of profit and loss (15.87) (86.61) (112.54) (102.49) (173.69) (38.96) (ii) Income tax relating to items that will not be} reciassified to the statement of profit and loss 3.99 21.80 28.32 25.79 43,71 9.841 Total other comprehensive income (11.88) (64.81) (84.22) (76.79) (129.98)| (29.15) Total comprehensive income for the periodfyear 3 [{S+6) 1,816.47 4,125.20 1,724.09 5,941.66 4,452.93 16,304.39 10 |Paid-up equity share capital (face value of Rs. 1 each) 3,646.38 3,846.38 3,458.93 3,646.38 3,458.93 3,646.38 44 JOther equity “ - 86,584.88 Earnings per share (face value of Rs. 1 each): 12 |(not annualised except for the year ended) (refer note no.05) (a) [Basic (in Rs.) 0.60 0.52 1.65 1.32 4.62 (b) |Dituted (in Rs.) 0.50 0.52 1.65 1.32 4.62 Reg. off.: Khasra No. 928, Extended Lal Dora Abadi Village Kapashera, Tehsil Vasant Vihar, South West Delhi, Delhi -110037 Corporate Off.: 2nd Floor, 13, Sub. Major Laxmi Chand Rd, Maruti Udyog, Sector 18, Gurugram, Sarhol, Haryana 122015 E-mail: customercare@vrl.net.in Website: www.v2retail.com CIN: L74999DiL2001PLC1i47/24Tel.: 011-41771850
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V2 Retail Limited Notes to standalone unaudited financial results for the quarter and half year 1d 30 September 2026 1. The unaudited standalone Financial Results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 03 November 2026, The statutory auditors of the Company have conducted limited review of these financial resutts pursuant to regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. 2. The above standalone financial results Nave been prepared in accordance with the recognition and measurement principles of the accounting principles generally accepted in india, including the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended). 3. The Company's primary business segment is reflected based on principal business activities carried on by the Company. As per ind AS 108, Operating Segments, the Company operates in one reportable business segment i.e., retail trade through chain of stores and is primarily operating in India and hence, considered as single geographical segment. 4. The Company initially executed an Advertisement contract dated 17 July 2020 for the period of § years with Bennet Coleman and Company Limited (BCCL), pursuant to which the Company has agreed to give advertisements of Rs. 2,500 lakhs, being the total commitment and BCCL has extended long-term credit facility amounting to Rs, 1,625 lakhs to be utilized in accordance with the terms of aforesaid agreement. The Company has utilisable advance of Rs. 1,032.91 lakhs tif 30 September 2026 (31 March 2026 Rs,1,288,25 lakhs} outstanding since April, 2019, pursuant to this contract. The aforesaid agreement has now been extended till 31 March 2028. The management is confident of utifising the above advance within the extended contractual periods and therefore, has considered the aforesaid advance as good and recoverable. 5. Face value of equity shares of the Company as on December 31, 2025 is Rs. 10/- per share. The Company has approved stock split / sub-division of face value of one equity share of Rs. 10/. each, fully paid-up, into ten equity shares having face value of Rs. 1/- Gach, fully paid-up w.e.f. March 26, 2026 as the "Record Date”. Accordingly, the equity shares have been increased from 3,64,63,755 equity shares to 36,46,37,550 equity shares w.e.f. March 26, 2025. As per Ind AS 33 Eamings Per Share, the Basic and Diluted EPS for all previous periods have been restated considering the post split number of equity shares, cal Ram Ghandra Agarwal Chairman & Managing Director DIN: 00497285 Place: Gurugram Date: 03 November 2025
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Statement of standalone assets and liabilities as at 30 September 2026 (Rs. in lakhs, unless stated otherwise) As at As at Particulars 30 September 2026 31 March 2026 (Unaudited) (Audited) ASSETS Non-current assets a) Property, plant and equipment (refer note 5) 41,364.83 30,966.77 b) Capital work-in-progress 5,346.45 3,597.54 ¢) Right of use assets 15,227.39 65,754.17 d) Other intangible assets 104.94 119.09 e) Financial assets i) Investment in Subsidiary (refer note no. 8 (c)) 645.00 545.00 ii) Other financial assets 5,630.96 3,380.54 f) Deferred tax assets (net) 3,692.81 3,307.40 9) Other non-current assets (refer note 4) 2,262.22 3,043.65 Total non-current assets 1,34,174.60 1,10,714.16 Current assets a) Inventories 1,44,646.69 1,14,040.12 b) Financial assets i) Trade receivables 14.29 * ii} Cash and cash equivalents 825.26 554.35 iii) Bank balances other than (ii) above - 68.26 iv) Other financial assets 852.10 1,218.96 ¢) Other current assets 21,173.43 15,588.76 Total current assets 1,67,511.77 1,31,470.45 TOTAL ASSETS 3,01,686.37 2,42,184,64 EQUITY AND LIABILITIES EQUITY @) Equity share capital 3,646.38 3,646.38 b) Other equity 92,526.54 86,584.88 Total equity 96,172.92 90,231.26 LIABILITIES Non-current liabilities a) Financial liabilities i) Borrowings 4,564.04 2,411.89 il) Lease liabilities 62,439.70 56,952.83 b) Provisions 1,452.61 1,230.20 Total non-current liabilities 68,456.35 60,594.92 Current liabilities- a) Financial liabilities 1) Borrowings 48,192.29 22,978.19 fi) Lease liabilities 22,536.98 47,115.54 ili) Trade payables (a) Total outstanding dues of micro enterprises and small enterprises 3,824.20 4,365.13 coon Suistanding dues of creditors other than micro enterprises and small 53,464.68 41,990.78 iv) Other financial liabilities 4,843.54 2,786.73 6) Provisions 629.80 520.41 ¢) Liabilities for current tax 2,561.50 573.35 d) Other current liabilities 1,004.11 1,088.30 Total current liabilities 1,37,057.10 91,358.43 TOTAL EQUITY AND LIABILITIES 3,01,686.37 2,42,184.61
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V2 Retail Limited Standalone Statement of Gash flows for the half year ended 30 September 2028 (Ail amounts in Rs. in lakh unless otherwise stated) Particulars For the half year For the half year 30 September 2026 30 September 2025 A. Cash flows from operating activities Profit (Loss) before tax 7,648.75 5,824.26 Adjustments for: Depreciation and amortisation expense 13,218.68 6,898.38 Finance cost 5,464.89 §,031.88 interest income (199.69) (81.18) (Gain) / Loss on derecognition of lease liabilities including security deposits (9.31) (42.00) Net (Profit) / loss on sale of property, plant and equipment 64.60 0.47 Provision no longer required written back (138.05) < Provision against inventory 1,897.60 1,295.59 Sundry balances written off (1.90) % Operating profit before working capital changes 27,944.97 18,927.42 Movement in working capital Movement in trade payables 114,306.77 21,157.49 Movement in trade receivables (14.29) 1.18 Movement in provisions 229.32 229.18 Movement in other liabilities (84.49) 119.93 Movement in other financial liabilities 807.75 5,322.04 Movement in inventories (32,504,144) (29,281.68) Movement in other financial assets (420.79) (802.73) Movement in other assets (5,297.50) (4,230.83) Cash flows generated from/(used in) operating activities post working capital changes 1,967.80 11,642.60 Net Income taxes (paid) / refund (1.85) (1.60) Net cash flows generated from/(used in) Operating activities (A} 1,966.05 11,649.99 B. Cash flows from investing activities Purchase of property, plant and equipment and right of use assets (including capital work-in- (13,908.29) (8,674.57) Progress and payable towards property, plant and equipment) Sale of property, plant and equipment 23.78 17.53 Purchase of intangible assets (19.60) - Movement in fixed deposits (net) (1,199.38) 9.29 Interest received 13.87 7.04 Net cash flows generated fromi(used in) Investing activities {B) (15,089.62) (8,640.71) c. Cash flows from financing activities Net proceeds from issue of equity shares - Net proceeds from current borrowings 25,191.07 5,919.65 Proceeds from non current borrowings 2,440.00 - Repayment of non current borrowings (264.82) (314.38) Payment of lease liabilities (8,346.15) (2,976.38) Interest paid (5,825.62) (5,038.12) Net cash flows generated fromi(used in) financing activities (C) 13,394.48 (2,409.24) Net increase/(decrease) in cash and cash equivalents (A+B+C) 270.91 591.09 Cash and cash equivalents at the beginning of the year 554.35 755.50 Cash and cash equivalents at the end of the year 825.26 1,346.59 Components of cash and cash equivalents at the end of the year Cash on hand 516.78 1,327.35 Balance with banks: -in current accounts 308.48 19.24 Total 825.26 1,346.59
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e ° Unit No. 1704, 17th Floor, Sin ig 1 Co. World Trade Tower, (WTT), DND Flyway, Sector 16, Noida 201 301 (India) 7 +91 (0120) 297 0005, 92055 75996 Chartered Accountants te newdelhi@singhico.com www.singhico.com Independent Auditor’s Review Report on Unaudited Quarterly Consolidated Financial Results for Quarter and Half year ended September 30, 2026 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended. Review Report to The Board of Directors of V2 Retail Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of V2 Retail Limited (‘the Company/Parent’) and its subsidiary “V2 Smart Manufacturing Private Limited” (the Parent and its subsidiary together referred to as “the Group”) for the quarter and half year ended September 30, 2026, ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (‘Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement read with notes therein, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. Page 1 of 2 Offices : Kolkata, Dethi NCR, Mumbai, Chennai, Bengaluru, Pune & Raipur
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Singhi ef Co. Chartered Accountants 5. We draw attention to Note 4 of the accompanying consolidated financial results, which describes that an advance amounting to Rs. 1,032.91 Lakhs outstanding since April 2019, has been considered good based on extension of the underlying contract with Bennett, Coleman and Co. Limited (‘BCCL’) till March 31, 2028. The management is confident of the utilization of such advance against future advertisement services to be provided by BCCL within the extended periods of the contract and hence, has considered the aforesaid balance as fully recoverable as on date. Our conclusion is not qualified in respect of this matter. 6. We did not review the interim financial results of a subsidiary included in the unaudited consolidated financial results; whose interim financial results reflect Total Asset of Rs. 687.55 Lakhs as at September 30, 2026, revenue from operation of Rs. Nil and Rs. Nil, net profit/(loss) after tax of Rs (7.05) Lakhs and Rs. (11.90) Lakhs and total comprehensive income of Rs. (7.05) Lakhs and Rs. (11.90) Lakhs for the quarter and half year ended September 30, 2026, respectively and Net cash outflow of Rs. (30.70) Lakhs for the half year ended September 30, 2026. This interim financial result was reviewed by other auditor whose report has been furnished to us by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based solely on report of the other auditor and procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of this matter. For Singhi and Co. Chartered Accountants Firm Reg. No. 302049E fp - Bimal Kumar Sipani Partner Place: Noida (Delhi-NCR) : Membership No. 088926 Date: November 03, 2026 UDIN: 26088926POYABE2182 Page 2 of 2
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Velie Vaweedy V2 Retail Limited Statement of unaudited consolidated financial results for the quarter and half year ended 30 September 2026 (Rs. in lakhs, unless stated otherwise} Quarter ended Six months ended Year ended 30 September 30 September | 30 September | 30 September Particulars ve 30 June 2026 pee me sen | 31 March 2028 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 [income (a) [Revenue from operations 90,559.98 99,719.65 70,863.61 1,90,273.63 434,085.26 3,06,705.13 (b) ]Other income 248.27 98.78 108.35 347.05 200.28 1,036.43 Total income 90,808.25 99,818.43 70,971.96 1,90,626.68 1,34,285.54 3,07,741.56 2 |Expenses (a) [Purchases of stock-in-trade 77,219.92 87,031.07 69,062.07 1,64,250.99 4,21,526.95 2,70,980.57 {b) | Cost of raw material consumed - - 586.87 - 1,698.84 3,178.34 © Changes in inventories of Finished goods, Work in (14,792.59) (15,813.97) (18,756.93) (30,606.58) (27,833.03) (60,486.14) progress and stock-in-trade (d) |Jobwork charges - - 152.45 * 232.30 295.52 {e) | Printing washing and other direct charges - - 3.66 - 21.40 22.42 () /Employee benefits expense 8,919.28 8,026,98 5,749.36 18,946.24 11,011.28 24,377.06 (g) [Finance Costs 2,965.88 2,499.03 2,798.76 5,464.89 5,075.96 9,874.20 {h) |Depreciation and amortisation expense 6,830.70 6,387.38 3,757.94 13,218.08 6,967.34 18,219.57 i) |Other expenses 7,186.85 6,529.30 5,522.89 13,716.18 10,159.78 22,787.89 Total expenses 88,330.00 94,659.79 68,877.07 1,82,989.82 4,28,861.39 2,89,050.13 3 | Profit before tax and exceptional items (1-2) 2,478.25 5,168.64 2,094.88 7,636.86 5,424.15 18,691.43 4 |Exceptional items - net gain - “ - - 2,788.92 5 |Profit before tax (3+4) 2,478.25 5,158.64 2,094.88 7,636.86 5,424.15 21,460.35 6 [Tax expense {a) |Current tax 748.80 1,243.21 714.28 1,990.01 1,921.29 5,639.95 {b) |Current tax related to earlier years - - (156.13) - (456.43) (183.25) (c) [Deferred tax (89.88) (289.73) (183.32) (359.61) (630.38) (232.68) Total tax expense _ 658.92 973.48 371.82 1,630.49 4,234.78 5,254.02 7 |Profit for the period/year (5-6) 1,821.32 4,185.16 1,723.06 §,006.46 4,189.37 16,206.33 8 [Other comprehensive income (@ tems that will not be reclassified to the statement off (15.87) (86.61) (112.54) (102.49) (173.89) (38.96) profit and loss (i) Income tax reiating to items that will not be 3.99 21,80 28.32 25.79 43.71 9.81 reclassified to the statement of profit and loss Total other comprehensive income (11.88) (64.81) (84.22) (76.70) (129.98) (29.15) 9 Total comprehensive Income for the period/year, 1,809.44 4,120.35 1,638.84 §,929.76 4,059.39 46,177.18 (5+6) Net profit attributable to Owner of the company 4,821.32 4,185.16 1,723.06 6,006.46 4,189.37 16,206.33 Non controlling interest =. - - - a x Other comprehensive income attributable to Owner of the company (11.88) (64.81) (84.22) (76.70) (429.98) (29.15) Non controlling interest - r - - - = Total comprehensive income attributable to Owner of the company 1,809.44 4,120.35 1,638.84 §,929.76 4,059.39 16.177.18 ‘Non controlling interest * - - - x 10 Paid-up equity share capital (face value of Rs. 1 each) 3,646.38 3,646.38 3,458.93 3,646.38 3,458.93 3,846.33 41 |Other equity - = x - * 86,586.94 Earnings per share (face value of Rs. 4 each): 42 |(not annualised except for the year ended) (refer note no.06) {a) [Basic {in Rs.) 0.50 4.15 4.58 (b) [Diluted (in Rs.) 0.50 1.15 4.58 Reg. off.: Khasra No. 928, Extended Lal Dora Abadi Village Kapashera, Tehsil Vasant Vihar, South West Delhi, Delhi -110037 Corporate Off.: 2nd Floor, 13, Sub. Major Laxmi Chand Rd, Maruti Udyog, Sector 18, Gurugram, Sarhol, Haryana 122015 E-mail: customercare@vrl.net.in Website: www.v2retail.com CIN: L74999D!2001PLC147724Tel.: 011-41771850
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V2 Retail Limited Notes to consolidated unaudited financial results for the quarter and half year ended 3! ber 202 1, The unaudited Consolidated Financial Results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings! held on 03 November 2026. The statutory auditors have conducted limited review of these financial results pursuant to Regulation 33 of SEB! (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. 2. The above consolidated financial results have been prepared in accordance with the recagnition and measurement principles of the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder in compliance with Regulation 33 of the SEB! (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended). 3. The Group's primary business segment is reflected based on principal business activities carried on by the Group. As per Ind AS 108, Operating Segments, the Group-operates in one reportable business segment i.e.. retail trade through chain of stores and is operating in India and hence, considered as single geographical segment. 4, The holding Company initially executed an Advertisement contract dated 17 July 2020 for the period of S years with Bennet Coleman and Company’ Limited (BCCL), pursuant to which the holding Company has agreed to give advertisements of Rs. 2,500 lakhs, being the total commitment and BCCL has! extended long-term credit facility amounting to Rs. 1,625 lakhs to be utilized in accordance with the terms of aforesaid agreement. The aforesaid agreement has now been further extended till 31 March 2028, The holding Company has utilisable advance of Rs.1032.91 lakhs till 30 September 2026 (31 March 2026 Rs. 1,288.56 lakhs) outstanding since April, 2019, pursuant to this contract. The management of holding company is confident of utilising the above advance with in the extended contractual periods and therefore, has considered the aforesaid advance as good and recoverable. §.During the current quarter, the subsidiary company has recorded nil revenue from operations, as all its manufacturing facilities were shut down during the! financial year 2025-25. The management has evaluated various alternatives regarding the future operations of the subsidiary and is assessing the! appropriate course of action. 6. Face value of equity shares of the holding Company as on December 31, 2025 is Rs. 10/- per share. The holding Company has approved stock split / sub- division of face value of one equity share of Rs. 10/- each, fully paid-up, into ten equity shares having face value of Rs. 1/- each, fully paid-up w.e.f. March 26, 2026 as the "Record Date". Accordingly, the equity shares have been increased from 3,64,63,755 equity shares to 36,46,37,550 equity shares w.ef. March 26, 2026. As per Ind AS 33 Earmings Per Share, the Basic and Diluted EPS for all previous periods have been restated considering the post split number of equity shares. « f& | L Ri handra Agarwal Place: Gurugram & < 7 Chairman & Managing Director Date: 03 November 2026 fe 2 DIN: 00491885 —s = ot ~ 7 2 &
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V2 Retail Limited Statement of consolidated assets and liabilities as at 30 September 2026 (Rs. in lakhs, unless stated otherwise) Particulars As at As at 30 September 2026 31 March 2026 (Unaudited) (Audited) ASSETS Non-current assets + a) Property, plant and equipment (Refer Note - 5) 41,364.85 30,966.77 b) Capital work-in-progress 5,346.45 3,597.53 hb) Right of use assets 75,227.39 65,754.18 c) Other intangible assets 104.94 419.09 d) Financial assets i) Other financial assets 5,655.89 3,418.35 e) Deferred tax assets (net) 3,692.80 3,307.40 f) Non-current tax assets (net) 463 4.63 'g) Other non-current assets (refer note 4) 2,285.95 3,047.38 Total non-current assets 1,33,662.90 1,10,215.33 Current assets a) Inventories 1,44,783.73 1,14,177.21 b) Financial assets i) Trade receivables 30.81 157.91 ii) Cash and cash equivalents 835.20 595.00 iii} Bank balances other than (ii) above - 68.26 iv) Other financial assets 852.10 1,267.48 c) Other current assets 21,662.03 15,739.97 Total current assets 1,68,163.87 1,32,005.83 TOTAL ASSETS 3,01,826.77 2,AZ,221.16 EQUITY AND LIABILITIES EQUITY a) Equity share capital 3,646.38 3,646.38 b) Other equity 92,516.64 86,586.04 Total equity 96,163.02 90,233.32 LIABILITIES Non-current labilities a) Financial liabilities i) Borrowings 4,564.04 2,411.89 ii) Lease fiabilities 62,439.70 56,952.83 b) Provisions 1,452.60 4,230.20 Total non-current liabilities 68,456.33 60,594.92 Current liabilities a) Financial liabilities i) Borrowings 48,332.29 22,978.19 ii) Lease liabilities 22,536.98 17,115.54 ii) Trade payables (a) Total outstanding dues of micro enterprises and small enterprises 3,824.20 4,382.73 (b) Total outstanding dues of creditors other than micro enterprises and small 53,473.10 41,942.55 enterprises iv) Other financial liabilities 4,845.42 2,788.76 b) Provisions 629.81 520.41 ¢) Liabilities for current tax (net) 2,561.50 973.95 ) Other current liabilities 4,004.12 1,090.39 Total current liabilities 41.37,207.2 21.582.92 TOTAL EQUITY AND LIABILITIES 3,01,826.77 BAR TIAAG
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W2 Retail Limited Consolidated Statement of Cash flows for the half year ended 30 September 2028 (All amounts in Rs. in jakh unless otherwise stated} Particulars For the half year For the half year 30 September 2026 30 September 2025 & Cash flow from aperating activities Profit / (Loss) before tax 7,636.85 5,424.15 Adjustments for: © Depreciation and amortisation expense 13,218.08 6,967.34 Finance cost 5,464.89 5,075.96 Interest income (199.69) (81.79) (Gain) on derecognition oflease liabilities including security deposits (9.313 {87.41} Sundry balances written off (0.07) - Provision no longer required written back (138.05) (18.78) Net (Profit) / loss on sale of property, plant and equipment 64.60 W276 Provision against-inventories 1,897 60 1,295.59 Operating profit before working capital changes. 27,934.90 18,877.81 Movement in trade payables 41,285.82 20,528.48 Movement in trade receivables 427.10 (642.43) Movement in provisions 229.31 209.49 Movement in other fabilities (86.27) 93.58 Movement in other financial liabilities 807.75 5,187.78 Movement in inventories (32,504.17) (28,250.02) Movement in other financial assets (359.39} {550.42} Movement in other assets (5,636.74) (4,471.51) Cash flows generated from/(used in} operating activities post working capital changes 1,798.32 10,982.75 Net Income taxes (paid) / refund (1.85) (5.33) Net cash flow generated from/(used in} operating activities (A} 1,796.47 10,977.42 B. Cash flows from investing activities Purchase of property, plant and equipment and right of use assets (including capital work-in-progress and payment (13,909,43} (8,582.45) towards property, plant and equipment) Sale of property, plant and equipment 23.78 688.50 Loan received back/(given) to related parties - 141,12 Purchase of intangidie assets (19,60) = Movement in fixed deposits (net) (1.199.38) 20.03 Interest received , 13.87 8.41 Net cash flows generated from/(used in) investing activities (B) (45,090.76) (7,724.39) C. Cash flows from financing activities Net proceeds from issue of equity shares {0.00} - Net proceeds from current borrowings 25,331.07 5,919.65 Proceeds from non current borrowings 2,440.00 - Repayment of non current borrowings (264.81) (872.84) Payment of lease abilities (8,346.18) (2,984.90) Interest paid (5,625.52) (5,082.20) Net cash flows generated from/(used in) financing activities (C) 13,534.49 {2,720.28} Net Increase/decrease in cash and cash equivalents (A+8+C} 240.20 §32.75 Cash and cash equivalents at the beginning of the year 695.00 901.38 Bank balances other than cash & cash equivalents Cash and cash equivalents at the end of the year 335.20 1,434.13 Components of cash and cash equivalents at the end of the year Cash on hand $22.10 1,332.67 Balance with banks: * 4m current accounts 313.10 401.46 Total 835.20 1,434.13