VIP Clothing Limited has scheduled an Extraordinary General Meeting (EGM) on Thursday, June 11, 2026, via video conferencing to seek shareholder approval for the issuance of warrants on a preferential basis. The meeting aims to approve the allotment of up to 2,12,00,000 warrants convertible into fully paid-up equity shares, aggregating to ₹47,70,00,000. The issue price is fixed at ₹22.50 per warrant, which includes a premium of ₹20.50 over the face value of ₹2 per share. The company has intimated the exchanges regarding the newspaper publication of the pre-dispatch notice for the EGM.

Key Details of the Preferential Issue

The board approved the proposal on May 18, 2026, subject to shareholder and regulatory approvals. The warrants are proposed to be issued to 16 investors across promoter and non-promoter categories. The "Relevant Date" for determining the floor price is May 12, 2026. The key parameters of the issue are summarised below:

Utilization of Proceeds

The company intends to utilize the net proceeds of the issue, estimated at ₹47.70 crore, primarily for meeting working capital requirements and general corporate purposes. Specifically, ₹38.16 crore is allocated for working capital, while ₹9.54 crore is earmarked for general corporate purposes, which may include repaying high-cost unsecured debt. The deployment of funds is expected to be completed within one year from the receipt of funds.

Allottee-Wise Warrant Subscription

The 2,12,00,000 warrants are distributed among promoters, promoter group, and non-promoters. The breakdown of the proposed allotment is as follows:

EGM and Voting Details

The EGM will be held through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). Remote e-voting will commence on June 8, 2026, and end on June 10, 2026. M/s. KRS & Co. has been appointed as the Scrutinizer for the e-voting process. The company has constituted a Preferential Issue Committee comprising Mr. Sunil Pathare, Mr. Kapil Pathare, and Mr. Uday Ajgaonkar to oversee the process.

VIP Clothing Limited has announced a special window facility for physical shareholders to re-lodge transfer requests that were previously rejected or not processed due to documentation deficiencies. The initiative follows regulatory guidelines aimed at facilitating easier share transfers for investors.

SEBI Circular Implementation

The special window operates under SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. This regulatory framework provides a one-year opportunity for shareholders whose transfer requests faced issues in the past.

Eligibility and Process

The facility specifically targets transfer requests that were:

• Rejected due to deficiencies in documentation
• Returned for incomplete processes
• Not attended by the company or its Registrar and Share Transfer Agent
• Originally lodged before the April 1, 2019 deadline

Eligible investors can submit their re-lodgment requests to the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited), along with requisite documents and rectified deficiencies.

Public Notice and Communication

VIP Clothing Limited published official notices in leading newspapers on April 8, 2026, including Financial Express and Mumbai Lakshyadeep. The company secretary, Mr. Rahul Soni, signed the communication to stock exchanges BSE Limited and National Stock Exchange of India Limited, ensuring regulatory compliance.

Registrar and Transfer Agent Details

MUFG Intime India Private Limited serves as the company's official Registrar and Share Transfer Agent for processing these requests.

The company encourages all affected investors to take advantage of this special window, which represents a significant opportunity for those who previously faced difficulties in share transfer processes. All documentation and information are also available on the company's official website for shareholder reference.