Outcome of BM Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby inform you that the Board of Directors of our Company at their ....
VIPCLOTHNG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
VIP Clothing's board has approved issuance of 2.12 crore convertible warrants at Rs 22.50 per warrant, raising Rs 47.70 crore. Warrants will be issued to 16 investors including promoters (Sunil Pathare, Kapil Pathare, family members holding 1.68 crore warrants) and non-promoters. Each warrant is convertible into one equity share within 18 months, with 25% paid upfront and 75% on conversion. The company has called an EGM on June 11, 2026 for shareholder approval. If fully subscribed and converted, this will dilute equity by approximately 30-35%.
Significant equity dilution expected once warrants convert. Promoter holding will increase substantially, while existing shareholders face ownership reduction unless they participate. The Rs 47.70 crore infusion provides growth capital but comes at a 25% upfront cost commitment from allottees.