
Board Meeting19 May 2026, 07:31 pm
VIP Clothing Revises Outcome of Board Meeting on May 18, 2026
AI Summary
VIP Clothing Ltd. has revised the outcome of its Board Meeting held on May 18, 2026, due to a clerical error in the name of one allottee. The name 'Trikaya Capital Partners Limited' was corrected to 'Trikaya Capital Partners Private Limited'. The board approved the issuance of 2,12,00,000 warrants at ₹22.50 each, aggregating to ₹47,70,00,000, to promoters and non-promoters on a preferential basis. An Extraordinary General Meeting (EGM) is scheduled for June 11, 2026, to seek shareholder approval for the preferential issue. M/s. KRS & Co. has been appointed as the scrutinizer for the remote e-voting process at the EGM.
Key Highlights
- VIP Clothing corrects clerical error in allottee name from May 18, 2026, board meeting.
- Board approves issuance of 2,12,00,000 warrants at ₹22.50 each, totaling ₹47.70 Cr.
- EGM scheduled for June 11, 2026, to seek shareholder approval for preferential issue.
- M/s. KRS & Co. appointed as scrutinizer for EGM e-voting process.
- Preferential Issue Committee formed to finalize documents and exercise board powers.
Price Impact
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