Mohammad Ashraf Qureshi has raised his stake in Vipul Ltd to 6.421% following the acquisition of 42,00,000 shares through a market purchase on July 15, 2026. The transaction was disclosed to the stock exchanges under Regulation 29(1) and 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the acquisition, Qureshi held 48,51,300 shares, representing 3.442% of the company's total paid-up voting capital. The recent purchase of 42,00,000 equity shares increased his total holding to 90,51,300 shares. The acquisition was executed via the National Stock Exchange (NSE).

The disclosures confirm that Qureshi does not belong to the promoter or promoter group of the target company. The total equity share capital of Vipul Ltd remains unchanged at 14,09,59,480 shares of Re. 1 each. The diluted share capital also stands at 14,09,59,480 shares.

Shareholding Details

The following table outlines the changes in shareholding:

Acquisition Particulars

• Target Company: Vipul Ltd
• Acquirer: Mohammad Ashraf Qureshi
• Mode of Acquisition: Market Purchase through NSE
• Date of Acquisition: July 15, 2026
• PAN of Acquirer: AABPQ1133F

The necessary disclosures have been submitted to BSE Limited and National Stock Exchange of India Limited for their records.

Vipul Ltd has accepted the resignation of Rajeev Gupta as Independent Director cum Chairperson, effective from the closure of business hours on June 4, 2026. The resignation was submitted citing personal commitments and pre-occupancy. Consequently, Gupta has ceased to be a member of the Right Issue committee, Independent Director Committee, and Preferential Issue Committee.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the detailed resignation letter is enclosed and that there are no material reasons for the resignation other than those stated by Gupta.

Board Committee Changes

Following his resignation, Gupta is no longer associated with the key board committees of Vipul Ltd . The specific committees impacted include the Right Issue committee, Independent Director Committee, and Preferential Issue Committee.

Gupta confirmed that there are no other material reasons for his resignation besides the personal commitments cited in his letter. The company has updated its records to reflect the change in the Board composition.