VIP Industries Ltd. Clarifies on 'Carlton' Trademark Usage Amidst Pending Litigation and Competitor's License Acquisition

VIP Industries Ltd., in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has released communications regarding the ongoing litigation concerning the usage of the 'Carlton' trademark for travel luggage in India. The matter is sub-judice, with proceedings in CS (COMM) No. 730 of 2019 and CS (COMM) No. 52 of 2020 pending before the Delhi High Court. The counterparty, Carlton Shoes Limited & Ors, has not yet filed their affidavits of evidence for any witness. The Supreme Court of India has granted VIP Industries the liberty to dispose of existing 'Carlton' branded inventory before June 01, 2026. Recently, competitor Safari Industries (India) Limited has acquired a long-term license to use the 'Carlton' trademark in India from Carlton Shoes Limited, creating potential confusion for customers, distributors, and stakeholders. VIP Industries Ltd. intends to pursue the matters till final determination and assert its right to use the 'Carlton' trademark for luggage in India.