Pursuant to Regulation 30 of SEBI LODR, we are enclosing copy of Postal Ballot Notice dated 7th November, 2025 to seek approval of the Members of the Company. Please take the above on your record.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kemp & Company has issued a Postal Ballot Notice to shareholders seeking approval to buy a property called 'VIP House' at Plot No. 88C, Old Prabhadevi Road, Prabhadevi, Mumbai, from related party VIP Industries Limited for a market valuation of Rs. 40.71 crore. The company already owns two other buildings (DGP House and Moderna House) on the same plot and previously owned this property from 1942 to 1977. Since VIP Industries is a related party (the Piramal family is connected to both companies), the transaction qualifies as a Material Related Party Transaction requiring shareholder approval. The deal is roughly 1,398.77% of Kemp's own consolidated turnover but only 1.87% of VIP Industries' consolidated turnover. E-voting runs from 16th November to 15th December 2025, with results expected by 16th December 2025.
This is a significant asset purchase for small-cap Kemp & Company, representing over 14 times its annual turnover. Shareholders will need to weigh the strategic value of consolidating ownership of the entire plot against the size of this transaction relative to the company's scale. Since promoters are interested in both sides, independent shareholders' vote will be decisive.