Vipul Limited , a prominent player in the real estate sector, has announced significant changes to its board composition, signaling a strategic move to strengthen its leadership team. The company's recent members' meeting on September 23, 2025, resulted in several key appointments and re-appointments that are set to shape the company's future direction.

Managing Director Re-appointment

Mr. Punit Beriwala, the current Managing Director and CEO of Vipul Limited, has been re-appointed for another three-year term, extending his tenure from April 1, 2026, to March 31, 2029. Beriwala, 61, brings a wealth of experience to the role, with 37 years in business, including 23 years specifically in the real estate industry. A commerce graduate from Kolkata University, he has been an integral part of Vipul Limited since 2002, serving as an Executive Director.

Beriwala's re-appointment underscores the company's confidence in his leadership and vision. His extensive experience and innovative approach in the construction of premium buildings in India have been noted as key factors in his continued role at the helm of Vipul Limited.

New Independent Directors

In a move to enhance its board's diversity and expertise, Vipul Limited has appointed two new Non-Executive Independent Directors:

1. Mr. Rajeev Gupta: Appointed for a five-year term from September 23, 2025, to September 22, 2030, Gupta brings nearly two decades of leadership experience in the real estate sector. His impressive career includes stints with major industry players such as ALC Group, Emaar MGF, and Parsvnath Developers. Gupta's expertise spans various aspects of real estate, including government sanctions, project planning, legal compliance reviews, and sales and cash flow management for large projects.

2. Mrs. Dolly Singhal: Also appointed for a five-year term coinciding with Gupta's, Singhal brings a diverse educational background with qualifications in education and commerce. Her experience in accounting and marketing is expected to provide valuable insights to the board.

Secretarial Auditor Appointment

In addition to the board changes, Vipul Limited has appointed M/s AVA Associates as its Secretarial Auditor for a five-year period from FY2025-26 to FY2029-30. Established in 2003, AVA Associates specializes in corporate legal and taxation matters, bringing extensive experience in compliance solutions, business solutions, and regulatory affairs to Vipul Limited.

Implications for Vipul Limited

These appointments reflect Vipul Limited's commitment to maintaining strong corporate governance and bringing diverse perspectives to its leadership. The re-appointment of Punit Beriwala as Managing Director ensures continuity in the company's strategic direction, while the addition of new independent directors with varied expertise is likely to contribute fresh insights and strengthen the board's oversight capabilities.

As Vipul Limited navigates the dynamic real estate market, this rejuvenated leadership team is poised to guide the company through its next phase of growth and development.

Vipul Limited , a prominent real estate company, has announced a significant move to raise capital through a preferential share issue. The company's Board of Directors has given the green light for the issuance of up to 2.1 crore equity shares, marking a notable development in its financial strategy.

Key Details of the Preferential Issue

Approval Process and Important Dates

The proposed share issuance is subject to shareholder approval, which will be sought at an Extraordinary General Meeting (EGM) scheduled for March 29, 2024. Vipul Limited has outlined several key dates related to this process:

To ensure transparency and fairness in the voting process, the company has appointed M/s. AVA Associates as the scrutinizer for overseeing the e-voting proceedings.

Implications of the Share Issue

If approved by shareholders, this preferential issue could potentially inject Rs. 497.70 crore into Vipul Limited, based on the maximum number of shares proposed to be issued at the specified price. The influx of capital from non-promoter investors may provide the company with additional funds for various purposes, which could include debt reduction, working capital requirements, or funding new projects.

The move to issue shares to non-promoter investors may also lead to a change in the company's shareholding pattern, potentially broadening its investor base.

Shareholders and potential investors will be closely watching the outcome of the EGM and the subsequent developments related to this preferential issue. The success of this capital raise could have significant implications for Vipul Limited's financial position and future growth strategies in the real estate sector.