This is further to our letter dated 7th November, 2025, intimating that the Board of Directors of the Company has approved the draft Notice of the Postal Ballot for seeking consent of the ....
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Awaiting price reaction for this filing.
Kemp & Company Ltd is seeking shareholder approval through a Postal Ballot to purchase an immovable property called 'VIP House' located at Prabhadevi, Mumbai, from VIP Industries Limited. Since VIP Industries is a related party, this purchase is classified as a Material Related Party Transaction and requires shareholder consent via a Special Resolution. The Board approved the Postal Ballot Notice on 7th November 2025, with the cut-off date for eligible voters set as 10th November 2025. Electronic voting will run from 16th November 2025 to 15th December 2025, and the result is expected to be declared on 16th December 2025.
This is a procedural update — no immediate impact on stock price. Shareholders will vote on whether the company can proceed with the property purchase from VIP Industries; rejection by shareholders would block the transaction.