Kemp & Company Limited has announced a significant corporate action, seeking shareholder approval for a material related party transaction with VIP Industries Limited. The company's Board of Directors has approved a draft notice for a postal ballot to obtain shareholder consent for the purchase of an immovable property named VIP House, located in Prabhadevi, Mumbai.

Key Details of the Postal Ballot

The company has outlined a comprehensive timeline for the postal ballot process:

Shareholders registered as of the cut-off date will be eligible to vote on the special resolution through the postal ballot process. The company has appointed M/s. Ragini Chokshi & Co., Practicing Company Secretaries, as the scrutinizer for overseeing the postal ballot process.

Significance of the Transaction

This material related party transaction represents a significant move for Kemp & Company Limited. The acquisition of VIP House, if approved by shareholders, could potentially impact the company's asset portfolio and future operations. Shareholders will need to carefully consider the implications of this transaction before casting their votes.

Additional Corporate Updates

In the same board meeting held on November 7, 2025, Kemp & Company Limited also approved the unaudited financial results for the quarter and half-year ended September 30, 2025. These results, along with a segment-wise breakdown of revenue, results, and capital employed, have been submitted to the BSE Limited for dissemination to investors.

The company's proactive approach in seeking shareholder approval for this material transaction and its timely disclosure of financial results demonstrate its commitment to corporate governance and transparency. Shareholders and potential investors are advised to review the full postal ballot notice and financial results once they are made publicly available for a comprehensive understanding of the company's current position and future plans.

Kemp & Company Limited, a player in the trading and real estate sectors, has reported its financial results for the second quarter of fiscal year 2026, revealing a widening loss and a slight decrease in revenue. The company has also announced plans for a material related party transaction, subject to shareholder approval.

Financial Performance

For the quarter ended September 30, 2025, Kemp & Company Limited reported:

The company's performance for the half-year period also showed a similar trend:

Segment-wise Operations

Kemp & Company operates in two segments:

1. Trading Activity
2. Real Estate

Material Related Party Transaction

The Board of Directors has approved a draft Notice of Postal Ballot to seek shareholder consent for a material related party transaction. The proposed transaction involves:

• Purchasing an immovable property named VIP House
• Located at Prabhadevi, Mumbai
• To be acquired from VIP Industries Limited

Management Actions

The Board of Directors approved the unaudited financial results at a meeting. Additionally, they approved the draft notice for postal ballot seeking shareholder consent for the material related party transaction with VIP Industries Limited.

Capital Structure

The company's paid-up equity share capital stands at Rs 108.02 lakhs with a face value of Rs 10 per share.

Outlook

While Kemp & Company Limited faces challenges with declining revenues and increasing losses, the proposed acquisition of VIP House may signal a strategic move to strengthen its real estate portfolio. Shareholders will play a crucial role in determining the company's future direction through their vote on the material related party transaction.