Vipul Limited has disclosed to stock exchanges the arrest of its top executive in connection with an ongoing investigation by law enforcement authorities. The real estate company made the announcement through a regulatory filing to ensure timely dissemination of material information to investors.

Arrest Details and Background

The company informed that Mr. Punit Beriwala, who serves as Managing Director, CEO & CFO, was arrested on February 27, 2026, by the Economic Offences Wing, Gurugram. The arrest is connected to alleged offences pertaining to FIR No 544/2024, though the company stated it is still in the process of obtaining further details about the matter.

Company's Response and Operations

Vipul Limited emphasized that the arrest constitutes a personal proceeding against Mr. Punit Beriwala and does not directly impact the company's day-to-day operations. The company assured stakeholders that its operations continue in the normal course despite the development.

The Board of Directors and appropriate committees are currently evaluating suitable interim arrangements for managing the company's affairs during this period. The company has committed to communicating any further decisions regarding management arrangements separately to ensure transparency with investors and regulatory compliance.

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company's Policy on Determination of Materiality of Events. Company Secretary & Compliance Officer Piyush Bairagi signed the regulatory filing dated March 3, 2026.

Vipul Limited stated it will provide additional information as and when required and available, maintaining compliance with applicable regulations. The company emphasized its commitment to adequate and timely dissemination of material information to investors throughout this process.

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.