Vipul Limited shareholders have approved a significant capital raising initiative through the issuance of fully convertible warrants. The company conducted its 1st Extra Ordinary General Meeting (EGM) for FY 2025-26 on January 08, 2026, through video conferencing, where a special resolution was passed with overwhelming shareholder support.

Meeting Overview and Participation

The EGM was held from 12:00 PM to 12:20 PM through Video Conferencing and Other Audio Visual Means, with the deemed venue being the company's registered office in New Delhi. The meeting saw participation from key stakeholders across different categories.

Warrant Issuance Resolution Details

The primary agenda item was the approval for issuance of up to 10,85,00,000 fully convertible warrants to persons and entities belonging to both promoter & promoter group and public categories on preferential basis. This special resolution required approval from shareholders, with promoters having declared interest in the agenda.

Voting Results and Shareholder Response

The resolution received exceptional support from shareholders across all categories. The comprehensive voting results demonstrate strong confidence in the company's capital raising plans.

E-Voting Process and Compliance

The voting process was conducted through M/s. MAS Services Ltd, the company's Registrar and Transfer Agent. Remote e-voting commenced on January 05, 2026, at 9:00 AM and concluded on January 07, 2026, at 5:00 PM. Additionally, e-voting facility remained available during the EGM and for 15 minutes post-meeting until 12:35 PM.

Amitabh of AVA Associates, Company Secretaries, served as the scrutinizer for the voting process. The scrutinizer was appointed by the Board of Directors on December 12, 2025, and submitted the final report on January 09, 2026, confirming that the special resolution was passed with requisite majority.

Regulatory Compliance and Documentation

The EGM was conducted in compliance with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant MCA and SEBI circulars. The company has submitted the voting results and scrutinizer report to BSE Limited and National Stock Exchange of India Limited as per Regulation 44 requirements.

The successful approval of this warrant issuance resolution provides Vipul Limited with a clear mandate to proceed with its capital raising plans, demonstrating strong shareholder confidence in the company's strategic direction.

Vipul Limited's Board of Directors has approved a significant fundraising initiative through a preferential issue of fully convertible warrants worth ₹99.82 crores. The board meeting held on December 12, 2025, addressed key strategic decisions including the warrant issuance and scheduling of an extraordinary general meeting for shareholder approval.

Warrant Issue Details

The board has approved the issuance of up to 10.85 crore fully convertible warrants to investors from promoter, promoter group, and public categories. Each warrant carries the right to subscribe to one equity share of face value Re. 1 each, priced at ₹9.20 per warrant.

Pricing and Regulatory Compliance

The issue price of ₹9.20 per warrant has been determined in accordance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The warrants will be convertible at the option of warrant holders in one or more tranches within 18 months from the allotment date into an equivalent number of fully paid-up equity shares.

Proposed Allottees Distribution

The preferential issue includes allocation to multiple investors across different categories. Key proposed allottees include Parveen Kumar Chaudhary, Neeraj Chaudhary, and Shaurya Chaudhary from the promoter category, alongside several public category investors including Bima Pay Technology Private Limited, various individual investors, and institutional entities like KSJ Estate Private Limited and Pine Emergence LLP.

Shareholder Approval Process

The board has approved the draft notice for an Extra-Ordinary General Meeting scheduled for January 8, 2026. This meeting will seek shareholder approval for the preferential issue and other connected matters. The board meeting commenced at 5:00 PM and concluded at 5:45 PM on December 12, 2025.

Regulatory Disclosures

The company has provided detailed disclosures as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular dated November 11, 2024. The warrants will be issued for cash consideration and comply with applicable provisions of the Companies Act, 2013, and SEBI regulations governing preferential issues.