Vipul Limited , a prominent real estate company, has taken a significant step towards raising capital through a rights issue. The company's Right Issue Committee has given its approval to the Draft Letter of Offer, setting the stage for a potential influx of funds up to INR 49.75 crores.

Key Details of the Rights Issue

Approval Process and Next Steps

The Draft Letter of Offer, now approved by the Right Issue Committee, marks a crucial milestone in the company's fundraising efforts. Vipul Limited is set to submit this draft to both the BSE Limited and the National Stock Exchange of India Limited for their in-principle approval.

Pending Decisions

While the maximum fund-raising target has been set, some critical aspects of the rights issue remain to be finalized:

• Issue Price: Yet to be determined
• Rights Entitlement Ratio: To be decided

These important details will be determined by the Board of Directors at a later date, providing more clarity on the terms of the rights issue for the shareholders.

Committee Meeting Details

The Right Issue Committee convened on February 28, 2025, to deliberate and approve the Draft Letter of Offer. The meeting lasted from 4:00 p.m. to 4:30 p.m.

This rights issue represents a strategic move by Vipul Limited to strengthen its financial position. As the real estate sector continues to evolve, the additional capital could potentially support the company's growth initiatives and ongoing projects. Shareholders and market observers will be keenly awaiting further details on the pricing and entitlement ratio, which will be crucial in determining the attractiveness of this rights issue.

Vipul Limited , a prominent real estate company, has released its financial results for the first quarter of fiscal year 2026, revealing a shift from profit to loss compared to the same period last year. The company also announced key corporate decisions, including the appointment of a new Company Secretary and the scheduling of its Annual General Meeting (AGM).

Financial Performance

For the quarter ended June 30, 2025, Vipul Limited reported:

Standalone Results

• Net loss: Rs. 103.68 lakhs (compared to a profit of Rs. 232.16 lakhs in Q1 FY2025)
• Revenue from operations: Rs. 169.32 lakhs (down from Rs. 1,492.98 lakhs year-over-year)

Consolidated Results

• Net loss: Rs. 142.18 lakhs (compared to a profit of Rs. 180.92 lakhs in Q1 FY2025)

Corporate Updates

The Board of Directors has made several important announcements:

1. New Company Secretary: Mr. Piyush Bairagi has been appointed as the Company Secretary and Compliance Officer. Mr. Bairagi, an Associate member of The Institute of Company Secretaries of India (ICSI), brings experience in corporate governance and regulatory frameworks to his new role.

2. Annual General Meeting: The 34th AGM of Vipul Limited is scheduled for September 23, 2025, at 12:00 Noon. The meeting will be conducted through video conferencing (VC) or other audio-visual means (OAVM).

3. E-voting: The e-voting period for the AGM will commence on September 19, 2025, at 9:00 A.M. and conclude on September 22, 2025, at 5:00 P.M.

4. Book Closure: The Register of Members and Transfer Books will remain closed from September 16 to September 23, 2025, for the purpose of the AGM.

Strategic Decisions

The Board has deliberated on a proposed fund-raising through preferential issue/allotment. However, after due consideration, they have decided to defer this proposal until deemed appropriate, based on prevailing circumstances and strategic requirements.

Ongoing Legal Matters

Vipul Limited has filed for a Scheme of Amalgamation before the National Company Law Tribunal (NCLT), Delhi. This scheme involves the amalgamation of five wholly-owned subsidiaries with Vipul Limited. The matter is scheduled for hearing on August 26, 2025.

Conclusion

While Vipul Limited faces financial challenges in the current quarter, the company is taking steps to strengthen its corporate governance and engage with shareholders through the upcoming AGM. The deferral of the fund-raising proposal and the ongoing amalgamation process indicate that the company is carefully considering its strategic options in the current market environment.