BSEResult6d ago · 6 Aug 2026, 05:37 pm
as attached
Sula Vineyards Ltd · 543711
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Sula Vineyards Ltd has announced its unaudited standalone and consolidated financial results for the quarter ended 30th June 2026, with the Board of Directors approving the results and the auditor issuing a review report.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10
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Sula Vineyards Ltd - 543711 - Outcome Of The Board Meeting - 6Th August, 2026
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SULA
VINEYARDS
6th August, 2026
National Stock Exchange of India Limited BSE Limited ("BSE"),
("NSE"), Corporate Relationship Department,
The Listing Department 2' Floor, New Trading Ring,
"Exchange Plaza", 5th Floor P.J. Towers, Dalal Street,
Plot No. C/1, G Block, Bandra-Karla Complex Mumbai — 400 001.
Bandra (East), Mumbai — 400 051.
NSE Symbol: SULA BSE Scrip Code: 543711
ISIN: INE142Q01026 ISIN: INE142Q01026
Sub: Outcome of the Board Meeting — 6th August, 2026
Dear Sir/Madam,
In continuation to our letter dated 30th July, 2026 and in terms of Regulation 30, 33 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), the Board
of Directors of the Company at its meeting held today i.e. Thursday, 6' August, 2026, has inter-alia,
considered and approved unaudited standalone and consolidated financial results of the Company for
the quarter ended 30' June, 2026, along with limited review reports thereon issued by the Statutory
Auditors of the Company.
Enclosed herewith, a copy of the unaudited financial results along with the limited review report for the
quarter ended 30th June, 2026.
The meeting of the Board of Directors commenced at 2:48 p.m. and concluded at 3:44 p.m.
The aforesaid information is also being made available on the website of the Company at
hit ns://sularinevards.cotn/investor-relations.php.
Kindly take the above information on record.
You are requested to take the above information on your record.
Thanking you,
For Sula Vineyards Limited
\0EY.4
4ft,44,41
Gayathri-Iyer— 0
Company Secretary and Compliance Officer
Membership No: A38069
Sula Vineyards Limited
(Formerly known as Sula Vineyards Private Limited)
Regd. Office: 201 A, Solaris One, N. S. Phadke Marg, Andheri (E), Mumbai — 400 069, Maharashtra, India
Tel: +91 22 6128 0606/ 607 Fax: +91 22 2684 6064 Email: info@sulawines.com GIN: L15549MH2003PLC139352
Winery: Gat 36/2, Govardhan Village, Gangapur-Savargaon Road, Nashik 422222, Maharashtra, India Tel: +91 253 3027 7777/ 701
www.sulavineyards.com
Walker Chandiok & Co LLP
Walker Chandiok & Co LLP
42nd Floor,
Building Commerz III,
International Business Park,
Oberoi Garden City,
Off Western Express Highway,
Goregaon (East),
Mumbai-400063
T +91 22 6626 2699
Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results of
the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (as amended)
To the Board of Directors of Sula Vineyards Limited
1. We have reviewed the accompanying statement of unaudited consolidated financial results (‘the
Statement’) of Sula Vineyards Limited ('the Holding Company’) and its subsidiaries (the Holding
Company and its subsidiaries together referred to as ‘the Group’), (refer Annexure 1 for the list of
subsidiaries, included in the Statement) for the quarter ended 30 June 2026, being submitted by the
Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (as amended) (‘Listing Regulations’).
2. This Statement, which is the responsibility of the Holding Company’s management and approved by
the Holding 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 (‘the Act’), and other
accounting principles generally accepted in India and is in compliance with the presentation and
disclosure requirements of Regulation 33 of the Listing Regulations. 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 the Standards on Auditing specified under
section 143(10) of the Act, 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 Listing Regulations, to the extent applicable.
Chartered Accounlants Walker Chandiok & Co LLP is registered with
limited liability with identification number AAC-
Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Guwahati, Hyderabad, Indore, 2085 and has its registered office at L-41,
Jaipur, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune Connaught Circus, Outer Circle, New Delhi,
110001, India
Sula Vineyards Limited
Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results of
the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (as amended)
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, prepared in
accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed
under section 133 of the Act, and other accounting principles generally accepted in India, has not
disclosed the information required to be disclosed in accordance with the requirements of Regulation
33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains
any material misstatement.
For Walker Chandlok & Co LLP
Chartered Accountants
Firm Registration No: 001076N/N500013
Khushroo B. Panthaky
Partner
Membership No.: 42423
UDIN: 26042423ULMHVL3316
Place: Mumbai
Date: 6 August 2026
Chartered Accountants Walker Chandiok & Co LLP is registered with
limited liability with identification number AAC-
Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Guwahati, Hyderabad, Indore, 2085 and has its registered office at L-41,
Jaipur, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune Connaught Circus, Outer Circle, New Delhi,
110001, India
Sula Vineyards Limited
Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results of
the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (as amended)
Annexure 1
List of subsidiaries included in the Statement
1. Artisan Spirits Private Limited
2. N D Wines Private Limited
Chartered Accountants Walker Chandiok & Co LLP is registered with
limited liability with identification number AAC-
Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Guwahati, Hyderabad, Indore, 2085 and has its registered office at 1-41,
Jaipur, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune Connaught Circus, Outer Circle, New Delhi,
110001, India
SULA
VINEYARDS
STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2026
(Amount in INR crore, unless otherwise stated)
Sr. Particulars Quarter ended Year ended
30 June 2026 31 March 2026 30 June 2025 31 March 2026
Unaudited
Unaudited Unaudited Audited
(Refer note 5)
1 Income
(a) Revenue from operations 120.79 142.56 118.29 596.19
(b) Other income 2.38 1.61 0.98 4.33
Total Income (a+b) 123.17 144.17 119.27 600.52
2 Expenses
(a) Cost of materials consumed 12.40 71.96 10.28 110.23
(b) Purchases of stock-in-trade 7.16 13.14 8.41 41.54
(c) Changes in inventories of finished goods, work-in-progress and stock-in-
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