VVIP Infratech Limited has formally communicated to BSE Limited regarding its non-applicability to SEBI Regulation 24A requirements. The company, formerly known as Vibhor Vaibhav Infra Private Limited, has claimed exemption from secretarial audit obligations based on its SME listing status.

Regulatory Exemption Claimed

The company has invoked Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 to claim exemption from multiple compliance requirements. Under this regulation, entities listed on SME exchanges are exempt from complying with various provisions including Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A, and specific clauses of regulation 46.

SEBI Regulation 24A Requirements

SEBI Regulation 24A mandates that every listed company and its material unlisted subsidiaries incorporated in India must undertake secretarial audit. The regulation requires companies to annex a Secretarial Audit Report with their Annual Report, prepared by a Company Secretary in practice. This requirement became effective from the year ended March 31, 2019.

Company's Position

VVIP Infratech Limited has stated that as an entity listed on BSE SME platform, the compliance requirements under Regulation 24A do not apply to the company. The communication emphasizes that SME-listed entities enjoy specific exemptions under the SEBI framework, allowing them to operate with reduced regulatory burden compared to main board listings.

Communication Details

The formal communication was addressed to the Sr. General Manager, Listing Operations at BSE Limited and was signed by Kanchan Aggarwal, Company Secretary cum Compliance Officer with Membership No. A70481. The company has requested BSE to take this exemption claim on record.

The company's stance reflects the regulatory framework designed to provide operational flexibility to SME-listed entities while maintaining essential disclosure and compliance standards appropriate to their scale and market segment.

VVIP Infratech Limited has announced significant corporate actions following its board meeting held on August 25, 2025. The company's board has approved several key measures, including a substantial fundraising initiative and an increase in authorized share capital, signaling potential growth and expansion plans.

Fundraising Through QIP

The board has given the green light to raise funds up to ₹100.00 crore through a Qualified Institutions Placement (QIP) and other permissible modes. This decision reflects the company's strategy to bolster its financial position and support future growth initiatives. The fundraising will be executed in one or more tranches, providing flexibility in the capital raising process.

Authorized Share Capital Increase

In a move to accommodate future business requirements and potential share issuances, VVIP Infratech's board has approved an increase in the company's authorized share capital. The new authorized capital will be ₹35.00 crore, up from the previous ₹25.00 crore. This increase will be reflected in the alteration of Clause V of the company's Memorandum of Association, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Annual General Meeting and Key Resolutions

The company has scheduled its 24th AGM for September 20, 2025, to be conducted through video conferencing. Several important resolutions are on the agenda for shareholder approval:

1. Adoption of financial statements for FY 2024-25
2. Re-appointment of Managing Director Vaibhav Tyagi
3. Regularization of Independent Director Nupur Arora
4. Approval of cost auditor remuneration of ₹75,000.00 for FY 2025-26
5. Omnibus approval for related party transactions up to ₹200.00 crores

Corporate Governance Measures

To ensure transparency and compliance, the board has appointed Sagar Saxena, a Practicing Company Secretary, as the scrutinizer for the e-voting process. Additionally, Central Depository Services Limited (CDSL) has been engaged to provide remote e-voting facilities and conduct the AGM through video conferencing.

Financial Reporting and Audits

The board has approved the Directors' Report and Annual Report for FY 2024-25, which will be circulated to shareholders and made available on the company's website. The Cost Audit Report for FY 2024-25 has also been approved, and the board took note of the Secretarial Audit Report for the same period.

These developments indicate VVIP Infratech's focus on corporate governance, financial strengthening, and strategic growth. The upcoming AGM will be crucial for shareholders to vote on these significant proposals that could shape the company's future direction.