
Corporate Action22 Oct 2026, 05:00 pm
VVIP Infratech Approves Warrant Issue & Subsidiary Investment
AI Summary
VVIP Infratech Ltd's board of directors has approved the issuance of up to 72,04,200 warrants convertible into equity shares to promoters and non-promoters at ₹137 per warrant. This preferential issue is subject to shareholder and regulatory approvals. Additionally, the company approved a further investment of up to ₹30 crores in its subsidiary, VVIP Realtech Private Limited. The board also scheduled an Extraordinary General Meeting (EGM) for November 18, 2026, to seek shareholder approval for these proposals, with November 11, 2026, set as the cut-off date for remote e-voting. M/s. Sagar Saxena & Company has been appointed as the scrutinizer for the e-voting process.
Key Highlights
- Board approves issuance of 72,04,200 warrants to promoters/non-promoters.
- Preferential issue price set at ₹137 per warrant.
- Company to invest up to ₹30 crores in subsidiary VVIP Realtech.
- EGM scheduled for November 18, 2026, for shareholder approval.
- Cut-off date for e-voting is November 11, 2026.
Price Impact
More from VVIPIL