The 144th Annual General Meeting ('AGM') of the Members of Kemp & Company Limited ('the Company') is scheduled to be held on Tuesday, 9th September, 2025, at 3:00 p.m. IST through Video ....
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Kemp & Company Ltd has scheduled its 144th Annual General Meeting for Tuesday, September 9, 2025, at 3:00 PM via video conferencing, alongside submission of the Annual Report for FY 2024-25. The most significant agenda item is seeking shareholder approval to sell up to 33,53,280 equity shares of VIP Industries Limited (held by the company) at Rs. 388 per share, worth approximately Rs. 130 crore, to buyers including Multiples Private Equity Fund IV, Samvibhag Securities, and the Sacheti family. Other key items include appointing M/s. Ragini Chokshi & Co. as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) at Rs. 57,500 plus GST per year, continuing Mr. Dilip Piramal as Non-Executive Director (he has crossed 75 years of age), amending the Articles of Association to align with the VIP Industries shareholders' agreement, and appointing Mr. Prateek Diwan as Independent Director for five years. The remote e-voting window runs from September 6 to September 8, 2025.
The proposed VIP Industries share sale at Rs. 388/share is a material transaction that will substantially reshape the company's investment portfolio and unlock roughly Rs. 130 crore in cash. Shareholders should review the resolutions carefully as Item No. 5 is a Special Resolution requiring a higher approval threshold and involves 'vote-along' covenants and transfer restrictions tied to the SHA.