Vipul Limited has issued a correction to its earlier regulatory filing regarding the arrest of its Managing Director, CEO & CFO Mr. Punit Beriwala. The company disclosed that the FIR number was inadvertently mentioned incorrectly in its previous communication to stock exchanges.

Correction of FIR Details

In a regulatory filing dated March 07, 2026, the company clarified that the correct FIR number is 322 of 2025, not 544/2024 as mentioned in its earlier letter dated March 03, 2026. The correction was made through Company Secretary & Compliance Officer Piyush Bairagi, who expressed sincere regret for the inadvertent error and any inconvenience caused.

Company's Commitment to Accuracy

Vipul Limited assured stakeholders that due diligence will be exercised to prevent such errors in future correspondence. The company requested that the correct FIR number be taken on record by both BSE Limited and National Stock Exchange of India Limited.

Ongoing Operations and Management

Despite the arrest of its top executive, the company continues to emphasize that its day-to-day operations remain unaffected. The Board of Directors and appropriate committees are evaluating suitable interim arrangements for managing the company's affairs during this period.

Regulatory Compliance

The correction was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company maintains its commitment to adequate and timely dissemination of material information to investors and will provide additional updates as required.

Vipul Limited has successfully completed the allotment of 8,89,00,000 fully convertible warrants through a preferential issue, raising ₹81,78,80,000 for the company. The Preferential Issue Committee of the Board of Directors approved the allotment on February 27, 2026, following receipt of 25% of the total subscription amount from all allottees.

Warrant Issue Details

The warrants were issued at ₹9.20 per warrant to 16 investors across promoter and public categories. The issue represents a significant capital raising exercise for the real estate development company.

Major Allottees and Distribution

The warrant allocation was distributed among promoter and public category investors, with three entities receiving the largest allocations of 1,24,00,000 warrants each.

Smaller Allocations

Several individual investors received allocations ranging from 4,00,000 to 32,00,000 warrants:

• Pramod Kumar Jain: 32,00,000 warrants
• Vinita Jain: 31,00,000 warrants
• Aryaman Jain: 25,00,000 warrants
• Gourav Kumar, Manju Rani, Sourav Gupta, Ashok Kumar, and Pinki Gupta: 24,80,000 warrants each
• Renu Goyal: 4,00,000 warrants

Impact on Share Capital

Following the warrant allotment, Vipul Limited's un-diluted paid-up equity share capital remains at ₹14,09,59,480, comprising 14,09,59,480 equity shares with a face value of ₹1 each. The warrants, being convertible instruments, will impact the share capital upon conversion as per the terms and conditions of the issue.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE Limited and National Stock Exchange of India Limited about the warrant allotment, ensuring full regulatory compliance and transparency in the capital raising process.