VIP Industries Ltd

VIP Industries Ltd trading window closed from Oct 1, 2026; reopen 48 hours after the declaration of the Un-Audited Standalone & Consolidated Financial Results for the quarter ended September 30, 2026

Capital / Securities

• Allotted 1,695 equity shares (Rs 2 each) under VIP Employees Stock Appreciation Rights Plan, 2018.
• Equity base increases to 14,20,55,391 from 14,20,53,696.

Fund-raising approval

• Board approved raising funds up to ₹500 crore in FY 2026-27 in one or more tranches.
• Financing may be via equity shares of ₹2 each and/or debt securities, convertibles, ADR/GDR, warrants, or others.
• Subject to statutory, regulatory, shareholder, stock exchange approvals and sanctions.
• Annexure A contains disclosures under SEBI Listing Regulations.

Meeting Details

• Board meeting scheduled for Friday, September 18, 2026 at the registered office (time not disclosed).

Key Agenda Items

• Consider proposal to raise funds through multiple instruments via public issue, rights issue, QIP, or debt.
• Subject to regulatory and shareholder approvals, as required.
• Consider any other permissible mode or combination thereof for fund-raising.

Other Notes

• Trading window closed from September 12, 2026 to September 20, 2026 for designated persons.

AGM details

• AGM held on 21 August 2026.

Voting outcomes

• All resolutions passed with requisite majority.

AGM Details

• AGM held on 21 August 2026 at 2:30 PM IST via VC/OAVM.
• 69 members attended; proxies not applicable per circulars.

Key Resolutions

• Adoption of audited standalone and consolidated financial statements for FY ended 31 March 2026.
• Re-appointment of Sridhar Sankararaman by rotation.
• Appointment of Deloitte Haskins & Sells as Statutory Auditors.
• Waiver of recovery of excess managerial remuneration paid to former Executive Director for FY2025-26.
• Waiver of recovery of excess managerial remuneration paid to former Managing Director for FY2025-26.
• Waiver of recovery of excess managerial remuneration paid to former Executive Director Ashish Saha for FY2025-26.
• Appointment of Vaishali Shrikant Bhat as Independent Director.
• Appointment of Sanjay Mahesh Rastogi as Independent Director.

Voting Results

• All resolutions deemed passed subject to receipt of requisite majority.

Dividends

• No dividend proposed or approved.

Directors & Auditors

• Statutory Auditor: Deloitte Haskins & Sells LLP appointed.
• Secretarial Auditor/Scrutinizer: Ragini Chokshi & Co. appointed as AGM Scrutinizer.

Related Party Transactions

• No material related party transactions disclosed.

Other Approvals

• No additional material approvals disclosed.