VIP Clothing has issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled for June 11, 2026, to update details regarding pricing and valuation reports. The corrigendum revises specific sections of the explanatory statement, including the objects of the issue and the identity of beneficial owners, while confirming the meeting will proceed via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

The company updated the website links for the pricing certificate issued by Abhishek Wagh, Proprietor of M/s. Abhishek Wagh & Associates, and the valuation report issued by CA Dhananjay Walke of V S Jadon & Co Valuers LLP. Both documents are now accessible on the company’s investor relations page. Additionally, the status of Ms. Avyukta Kapil Pathare, listed in the investor pre-issue table, has been corrected to “Promoter Group.”

Key Revisions to the Notice

The corrigendum modifies several points within the explanatory statement attached to the EGM notice. The changes primarily concern the utilization of issue proceeds, the justification for the pricing of the preferential issue, and the undertakings related to warrant allotment.

Updated Disclosures

Undertakings on Warrant Pricing

The company specified that it will re-compute the price of warrants to be allotted under the Promoter and Non-Promoter Preferential Issue in accordance with SEBI ICDR Regulations. If the amount payable following this re-computation is not paid within the stipulated time, the warrants allotted under both categories will remain locked-in until the payment is made by the warrant holder.

The corrigendum confirms that all other contents of the original EGM notice, dated May 18, 2026, remain unchanged. The document is available on the websites of BSE Limited, National Stock Exchange of India Limited, and VIP Clothing Limited. The EGM is set for June 11, 2026, at 12:00 P.M. IST.

VIP Clothing Limited reported a net profit of ₹98.10 crore for the financial year ended March 31, 2026, an increase of 79.80% compared to the previous year. The company's revenue from operations for FY26 stood at ₹2,538.29 crore, growing 7.15% year-on-year. The Board of Directors approved the audited standalone financial results at a meeting held on May 27, 2026. India Ratings & Research upgraded the company's long-term bank loan rating to ‘IND BBB-’ with a Stable Outlook and the short-term rating to ‘IND A3’ during the year.

For the quarter ended March 31, 2026, the company recorded a revenue from operations of ₹715.36 crore, compared to ₹649.08 crore in the corresponding period of the previous year. The profit for the quarter stood at ₹44.23 crore, a rise of 82.84%. EBITDA for Q4 FY26 increased to ₹68.21 crore, with margins improving to 9.54%. The diluted earnings per share (EPS) for the year was ₹1.07.

Financial Performance

The table below summarizes the key financial metrics for VIP Clothing Limited for the quarter and year ended March 31, 2026:

Balance Sheet and Cash Flow

The company's total assets as of March 31, 2026, stood at ₹3,282.53 crore, compared to ₹3,293.82 crore in the previous year. Total equity increased to ₹1,943.70 crore from ₹1,845.59 crore, while total liabilities decreased to ₹1,338.83 crore from ₹1,448.23 crore. The net cash generated from operating activities for the year was ₹202.30 crore, a turnaround from the previous year's net cash used of ₹373.61 crore.

Strategic Developments

The Board approved raising approximately ₹47.70 crore through the issuance of warrants on a preferential basis to promoter and non-promoter investors. The funds will be utilized for working capital, premiumization initiatives, and expanding the women's innerwear category. The company plans to launch an expanded women's innerwear range in the first half of the next financial year to scale its presence in the segment.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE450G01024/8d617b4fd9b6446c.pdf