Reasons for Delayed/Non-submission of Financial Results

October 28, 2026 The Secretary The Secretary Corporate Relations Department Corporate Relations Department BSE Limited The National Stock Exchange of India Limited P. J. Towers, Dalal Street, Exchange Plaza, C-1, Block G, Bandra – Kurla Mumbai – 400 001 Complex, Scrip Code: 511389 Bandra East, Mumbai – 400 051 Symbol: VIDEOIND Subject: Disclosure of reason for delay in submission of financial results of Videocon Industries Limited for the quarter ended on September 30, 2026 pursuant to the Securities and Exchange Board of India (“SEBI”) Circular CIR/CFD/CMD-1/142/2018 dated November 19, 2018. Dear Ma’am/Sir, In terms of Regulation 33(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), Videocon Industries Limited (the "Company") was obliged to submit and/or publish the unaudited financial results of the Company for the quarter ended on September 30, 2026 along with limited review report, on or before November 14, 2026. However, as the Company is not in a position to publish the said results in a timely manner, in compliance with the SEBI circular dated November 19, 2018, the Company would like to furnish the reasons for delay in publishing of financial results for the quarter and year ended on September 30, 2026 as under: 1. As you are aware, pursuant to an application filed before the Hon'ble National Company Law Tribunal, Mumbai Bench ("NCLT") by State Bank of India against the Company, under Section 7 of the Insolvency and Bankruptcy Code, 2016 read with the rules and regulations framed thereunder, as amended from time to time ("IBC Code"), the NCLT, had vide its order dated June 06, 2018 admitted the application for the initiation of the corporate insolvency resolution process ("CIRP") of the Company in terms of the IBC Code. Subsequently, the Hon'ble NCLT vide its order dated August 08, 2019 ordered the consolidation of the CIRP of the 13 Videocon Group entities, including the Company, ("Videocon Group Entities"). Further, the NCLT vide an order dated September 25, 2019 had appointed Mr. Abhijit Guhathakurta as the resolution professional ("Resolution Professional") for the consolidated CIRP of the Videocon Group Entities including the Company ("Appointment Order"). The Appointment Order was published on September 27, VIDEOCON INDUSTRIES LIMITED Registered Office New Delhi Office Correspondence Address 14KM Stone, Aurangabad-Paithan Road, Videocon Tower, Eleventh Floor, Rani 171 Mittal Court, 17th Floor, ‘B- Wing’, Plot- Village Chittegaon, Taluka Paithan, District Jansi Marg, E-1 Jhandewa Ion Extn, New 224, Jamanalal Bajaj Marg, Nariman Point, Aurangabad – 431 105 India Delhi – 110055 India Mumbai, -400021 Email ID: secretarialvg.in@gmail.com www.videoconindustriesltd.com CIN: L99999MH1986PLC103624 2019, on which date the Resolution Professional took over the management and affairs of the Videocon Group Entities. Pursuant to the publication of the Appointment Order and in accordance with the provisions of the Code, the powers of the board of directors of the Company were suspended and the same were vested with and were being exercised by the Resolution Professional. 2. It is further submitted that, the Hon’ble NCLT vide its order pronounced on June 08, 2021 (copy of the order uploaded on the NCLT website on June 14, 2021) (“NCLT Approval Order”) approved the resolution plan of the Corporate Debtors including the Company, submitted by Twin Star Technologies Limited (“Resolution Plan”), under Section 31 of the Code. Pursuant to the NCLT Approval Order and in terms of the Resolution Plan, a steering committee of the Corporate Debtors including the Company was constituted (“Steering Committee”). 3. As per the terms of the Resolution Plan, the Steering Committee in its meeting held on June 18, 2021 had appointed Mr. Abhijit Guhathakurta, erstwhile resolution professional, as the interim manager of the Videocon Group Entities including the Company (“Interim Manager”) for undertaking the management and control of the Videocon Group Entities including the Company, from the date of approval of the NCLT Approval Order till the completion of the implementation process (as provided under the Resolution Plan). 4. Further, appeals were filed by the Bank of Maharashtra and IFCI Limited before the Hon’ble National Company Law Appellate Tribunal, New Delhi (the “NCLAT”), challenging the NCLT Approval Order under Section 61 of the Code bearing Company Appeal (AT) (Ins.) No. 503 and 505 of 2021 respectively (“Appeals”). The Hon’ble NCLAT had, vide its order dated July 19, 2021 in the said Appeals inter alia stayed the operation of the NCLT Approval Order till the next date of hearing and ordered the maintenance of status quo ante as before passing of the Plan Approval Order (“Stay Order”). Further, as per the Stay Order, the Resolution Professional had been directed to continue to manage the 13 Corporate Debtors including the Company as per the provisions of the Code till the next date of hearing. 5. The NCLAT vide its order dated January 05, 2022 set aside the NCLT Approval Order passed under section 31 of the Insolvency and Bankruptcy Code, 2016 approving the Resolution Plan of the Company submitted by Twin Star Technologies Limited. Accordingly, the matter was remitted back to Committee of Creditors for completion of the process relating to CIRP in accordance with the provisions of the IBC Code. Thereafter, the Committee of Creditors in its meeting held on January 12, 2022 decided to re-invite fresh expressions of interest for submission of resolution plan for Consolidated Corporate Debtors in accordance with provisions of the IBC Code and regulations thereunder. 6. However, Twin Star Technologies Limited challenged the NCLAT Final Order in Civil Appeals bearing numbers 509, 512 and 894 of 2022 before the Hon’ble Supreme Court (“SC Appeals”). The SC Appeals were listed on February 14, 2022, on which date, the Hon’ble Supreme Court made certain oral remark to the Resolution Professional and COC to not proceed further with the CIRP VIDEOCON INDUSTRIES LIMITED Registered Office New Delhi Office Correspondence Address 14KM Stone, Aurangabad-Paithan Road, Videocon Tower, Eleventh Floor, Rani 171 Mittal Court, 17th Floor, ‘B- Wing’, Plot- Village Chittegaon, Taluka Paithan, District Jansi Marg, E-1 Jhandewa Ion Extn, New 224, Jamanalal Bajaj Marg, Nariman Point, Aurangabad – 431 105 India Delhi – 110055 India Mumbai, -400021 Email ID: secretarialvg.in@gmail.com www.videoconindustriesltd.com CIN: L99999MH1986PLC103624 of the Consolidated Corporate Debtors till any orders in subsequent hearings. Pursuant to these oral remarks of the Hon’ble Supreme Court, the status quo is being preserved in the current CIRP of Consolidated Corporate Debtors till further orders/directions of the Hon’ble Supreme Court. 7. As previously communicated, there are pending submissions of standalone and consolidated financial results for the quarter ended March 31, 2025, June 30, 2025, September 30, 2025, December 31, 2025, and March 31, 2026 (including the quarterly and financial year-end results for the financial year ended March 31, 2026), as well as for the quarter ended June 30, 2026 and September 30, 2026. 8. M/s. KVA & Co. has issued the limited review/audit report for the quarters commencing June 30, 2019 till March 31, 2024. Their term upon completion of audit of financial year ended March 31, 2024. The new appointment of the Statutory Auditor in the 51st COC meeting held on July 07, 2025 a proposal for appointment of M/s. GAMP & Co. as Statutory Auditor of the Company to audit the Accounts of the Company for a period of 5 years i.e. from April 01, 2024 till March 31, 2029 was considered and subsequently approved by the COC on July 22, 2025. The process of Auditing Financial Statement for FY 2024-25 and 2025-26 are undertaken now by the Auditor and the same are expected to be completed in due [Showing first 8,000 characters — download PDF for full document]