Board Meeting18 May 2026, 07:21 pm
VIP Clothing Approves Preferential Issue of Warrants
AI Summary
VIP Clothing Ltd's board approved a preferential issue of 2,12,00,000 warrants convertible into equity shares to promoters and non-promoters at ₹22.50 per warrant, including a premium of ₹20.50, aggregating to ₹47,70,00,000, subject to shareholder and regulatory approvals. An Extraordinary General Meeting (EGM) is scheduled for June 11, 2026, to seek shareholder approval. The board also approved the appointment of M/s. KRS & Co. as scrutinizer for the e-voting process and constituted a Preferential Issue Committee.
Key Highlights
- VIP Clothing to issue 2,12,00,000 warrants on a preferential basis.
- Issue price is ₹22.50 per warrant, including a premium of ₹20.50.
- Total consideration from the issue amounts to ₹47,70,00,000.
- EGM scheduled for June 11, 2026, to approve the preferential issue.
- Preferential Issue Committee constituted to finalize relevant documents.
Price Impact
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