VIP Clothing to Issue Warrants Worth ₹47.7 Cr

VIP Clothing Ltd's board approved the issuance of 2,12,00,000 warrants convertible into equity shares to promoters and non-promoters on a preferential basis at ₹22.50 per warrant, aggregating to ₹47.70 crore, 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 the scrutinizer for the e-voting process and constituted a Preferential Issue Committee.