Vipul Limited has successfully concluded its sixth board meeting for FY 2025-26, held on February 14, 2026, where the board approved the company's unaudited financial results for the third quarter and nine months ended December 31, 2025.

Board Meeting Outcome

The board meeting was conducted through audio-visual means of communication, commencing at 02:30 P.M. and concluding at 4:20 P.M. The meeting was held in compliance with Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Results Approval

The board considered and approved the unaudited financial results for both standalone and consolidated operations. The results cover the quarter and nine months ended December 31, 2025, and have been prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34).

Auditor's Limited Review Report

JSUS & Associates, Chartered Accountants (Firm Registration No.: 329784E), conducted the limited review of the financial results. The auditor's report highlighted several key observations including cash and cash equivalents containing cheques in hand aggregating to Rs. 599.68 lakhs collected from customers towards advances. Additionally, cash equivalents include Rs. 54.84 lakhs held in dormant bank accounts and Rs. 272.57 lakhs held in frozen bank accounts.

Consolidated Results Coverage

The consolidated financial results include eleven wholly owned subsidiaries, four subsidiaries, and five associates. However, the results do not include financial data from one associate, Vipul Karamchand SEZ Private Limited, as its audit for previous financial years remains incomplete.

Trading Window Status

The trading window for designated persons and their immediate relatives, which was closed from January 01, 2026, will reopen on February 17, 2026, following the standard 48-hour closure period after the board meeting conclusion.

The company has formally communicated the board meeting outcome to BSE Limited and National Stock Exchange of India Limited through official correspondence signed by Piyush Bairagi, Company Secretary & Compliance Officer. The financial results and related documents are also hosted on the company's website at www.vipulgroup.in .

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.