VIP Industries Limited Discontinues Sales of 'CARLTON' Brand Inventory Following Supreme Court Directions
VIP Industries Limited announced that it has stopped and discontinued the sale of products under the 'CARLTON' brand, effective June 1, 2026. This action is in compliance with the directions received from the Supreme Court of India.The company's operational update stems from the Supreme Court of India's order, which was passed on August 1, 2025. This order addressed the special leave petition filed by the company against an earlier order from the Delhi High Court. Under the Supreme Court's allowance, VIP Industries was permitted to deal with the inventory of products under the 'CARLTON' mark, subject to specific terms. The Court also directed the Delhi High Court to expedite the disposal of civil suits between the company and Carlton Shoes Ltd.
The company utilized this period to manage its stock, reporting that it has sold substantially all of its inventory under the 'CARLTON' brand on or before May 31, 2026. Consequently, the company ceased selling products bearing the 'CARLTON' mark from June 1, 2026.
The company confirmed the current status and the financial standing regarding the proceedings.
| S. No. | Description | Details |
|---|---|---|
| 1 | The details of any change in the status and / or any development in relation to such proceedings | In compliance with the order, the company was permitted to sell inventory under the 'CARLTON' brand up to May 31, 2026. The company has sold substantially all of its inventory under the 'CARLTON' brand on or before May 31, 2026. The company has stopped/discontinued selling product under the mark 'CARLTON' from June 1, 2026 onwards in compliance with the directions of the Supreme Court of India. |
| 2 | Expected financial implications, if any | There is no material financial impact on the Company. |
VIPIND Stock Price Movement
Today, VIP Industries Limited shares edged higher, closing at ₹332.3, marking a strong 10.22% gain for the equity. The stock exhibited notable investor interest throughout the day, settling on a total traded volume of 27.46 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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