VIP Clothing promoter Lalita Jaykumar Pathare has released a pledge on 6,00,000 shares of the company. The release pertains to shares previously encumbered with JJ Fincap Private Limited.

The disclosure was filed under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing date is September 30, 2026, while the actual date of release of encumbrance was September 25, 2025.

Details of the Pledge Release

The released shares represent 0.67% of the total share capital of VIP Clothing. The original pledge was created to serve as collateral for loans taken by the company or its group companies. The footnote in the filing specifies that this specific pledge was for the replacement of security on a temporary basis.

Other Promoter Holdings

The filing also details the holdings of other members of the promoter group. Sunil Jaykumar Pathare holds 18.85% of the company, with 71,54,412 shares (7.93% of capital) currently pledged with SBI Cap Trustee Company Limited. This pledge was created on August 30, 2022, also as collateral for loans taken by the company or group entities.

Other promoters listed in the disclosure include Kapil Jaykumar Pathare (16.72%), Kanishk Sunil Pathare (1.04%), Heena Sunil Pathare (0.93%), Ashwini Kapil Pathare (0.76%), and Maxwell Capital Management P Ltd (0.11%). None of these entities reported any encumbrances in this specific disclosure.

VIP Clothing Limited shareholders approved all resolutions at its 36th Annual General Meeting (AGM) held on September 28, 2026. The meeting was conducted via Video Conferencing and Other Audio Visual Means.

The audited financial statements for the fiscal year ended March 31, 2026, were adopted with 99.99% of votes in favor. Additionally, Mr. Kapil J. Pathare was re-appointed as a director retiring by rotation with similar overwhelming support.

Voting participation and turnout

The AGM recorded significant shareholder participation through remote e-voting and e-voting during the meeting. The cut-off date for determining voting entitlements was September 21, 2026. A total of 44,609,220 shares voted across both resolutions, representing approximately 49.49% of the total outstanding shares.

Scrutinizer report details

Mr. Ketan Ravindra Shirwadkar of KRS and Co., Practicing Company Secretaries, served as the scrutinizer for the voting process. The report confirmed that all resolutions were passed with the requisite majority under the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The electronic data and records relating to e-voting are under the safe custody of the scrutinizer and will be handed over to Mr. Rahul Soni, Company Secretary and Compliance Officer, after the Chairman approves and signs the minutes of the AGM.

What the numbers show

A distinct pattern emerges in the voting behavior between promoter groups and public shareholders. Promoters and their group cast 41,955,538 votes, accounting for nearly 94% of all valid votes polled. They voted unanimously in favor of both resolutions.

In contrast, public non-institutional shareholders, who hold a substantial portion of the remaining equity, showed minimal dissent. For the director re-appointment, public non-institutional shareholders cast 6,023 votes against, compared to just 3,923 against for the adoption of financial statements. This indicates slightly higher scrutiny on board composition than on financial reporting among retail investors, though the absolute volume of dissent remains negligible relative to total shares.