VIP Clothing Limited has formally published newspaper advertisements announcing its Second 100 days Campaign 'Saksham Niveshak' as part of ongoing efforts to enhance shareholder engagement and facilitate regulatory compliance. The campaign, running from April 01, 2026 to July 09, 2026, represents an expanded initiative aligned with the Ministry of Corporate Affairs and IEPFA's broader mandate of investor education, awareness and facilitation.

Regulatory Communication and Publication

The company has fulfilled its regulatory obligations under Regulation 30 by formally communicating the campaign details to stock exchanges. Mr. Rahul Soni, Company Secretary and Compliance Officer (Membership No. A61305), digitally signed the official communication dated April 07, 2026, addressed to both BSE Limited and National Stock Exchange of India Limited.

Campaign Objectives and Scope

The Second 100 days Campaign 'Saksham Niveshak' has been designed with an expanded scope to facilitate direct payment of unclaimed and unpaid dividends to rightful shareholders. This initiative builds upon the company's earlier campaign while introducing enhanced features for shareholder convenience, specifically targeting the prevention of transfer of unpaid and unclaimed dividend amounts to the Investor Education and Protection Fund (IEPF).

Shareholder Services and Contact Information

Shareholders who have not claimed their dividends or face issues related to unclaimed dividends and shares can seek assistance through designated channels. The company has established clear communication pathways to ensure efficient resolution of shareholder queries and facilitate the transfer and dematerialization of physical shares.

Contact Channels for Shareholders:

• Registrar and Transfer Agent: mt.helpdesk@linkintime.co.in
• Company Email: investor.relations@vip.in
• Company Website: www.vipclothing.in

Company Information and Registration Details

VIP Clothing Limited operates under CIN L18101MH1991PLC059804 with its registered office located at C-6, Road No.22, MIDC, Andheri (East), Mumbai - 400 093. The company maintains comprehensive communication channels including phone support at 022-40209000/1/2/3/4/5 and dedicated investor relations services.

The campaign information and related procedures for claiming unpaid dividends or resolving share-related issues are available on the company's website, providing shareholders with easy access to relevant details and ensuring widespread awareness of the initiative.

VIP Clothing Limited has announced the complete lapse of 1,14,05,000 fully convertible warrants, resulting in the forfeiture of ₹12,83,06,250 in upfront subscription amounts. The warrants, originally allotted on preferential basis on October 3, 2024, expired on April 2, 2026, after none of the warrant holders exercised their conversion option within the stipulated 18-month period.

Warrant Allotment and Lapse Details

The fully convertible warrants were issued at ₹45 per warrant to 15 non-promoter public allottees. Under the terms of issuance, warrant holders were required to exercise their conversion option within 18 months from the allotment date. However, all warrant holders failed to meet this deadline, leading to the complete lapse of the entire warrant allocation.

Major Warrant Holders and Lapse Distribution

The lapsed warrants were distributed among 15 allottees, with significant concentrations among certain investors. The largest individual allocations included Prajal Bhandari with 25,00,000 warrants, while both Mukesh Kimtani and Nancy Trader held 22,50,000 warrants each. Other notable allottees included Rekha Bhandari (10,00,000 warrants), Dhairya Dhiraj Shah (6,03,000 warrants), and Adiraju Rajendra Prasad (6,00,000 warrants).

Financial Impact and Forfeiture

Under Regulation 169(3) of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the company has forfeited the upfront subscription amount of ₹12,83,06,250. This amount represented 25% of the total issue price that warrant holders had paid at the time of allotment. The forfeited amount will be retained by VIP Clothing Limited as per regulatory requirements.

Capital Structure Impact

Despite the significant warrant lapse, the company has confirmed that there is no change in its paid-up equity share capital structure. The lapse of warrants means that the potential dilution of existing shareholders' equity, which would have occurred upon conversion, will not materialize. The company's existing capital structure remains unchanged, providing clarity to current shareholders regarding their ownership percentages.