Pursuant to Regulation 30 of SEBI LODR Regulations, 2015, please find enclosed herewith electronic copy of the Notice of the 144th AGM for FY 2024-25 ("Annual Report"), being sent today ....
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Kemp & Company Limited has filed the notice for its 144th AGM, scheduled for Tuesday, 9th September 2025 at 3:00 p.m. via video conferencing. The most significant item is the proposed sale of up to 33,53,280 equity shares held in VIP Industries Limited at Rs. 388 per share (total deal value of approximately Rs. 130 crore) to a group of buyers including Multiples Private Equity Fund IV, Multiples Private Equity GIFT Fund IV, Samvibhag Securities, Mithun Padam Sacheti, and Siddhartha Sacheti, pursuant to a share purchase agreement dated 13th July 2025. Other key items include the reappointment of Mr. Dilip Piramal (Non-Executive, Non-Independent Director, also Chairman of VIP Industries) and continuation of his directorship as he is over 75 years of age, the appointment of Mr. Prateek Diwan as an Independent Director for 5 years, the appointment of M/s. Ragini Chokshi & Co. as Secretarial Auditors for 5 years (FY 2025-26 to 2029-30) at Rs. 57,500 per year, and the amendment of the company's Articles of Association to reflect the new shareholders' agreement terms regarding the VIP Industries stake.
The headline item for shareholders is the Rs. 130 crore divestment of the VIP Industries stake, which represents a major asset realization for the company. Approval of this and the related Articles of Association amendment will materially reshape the company's investment portfolio. The e-voting record date is 2nd September 2025, and the remote e-voting window runs from 6th to 8th September 2025.