VIP Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 10, 2025
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VIP Industries has called its 58th AGM for September 10, 2025, at 3:00 PM via video conferencing. Ordinary business includes adoption of FY25 audited financial statements and re-appointment of Chairman Mr. Dilip Piramal, who retires by rotation. Special business covers the appointment of M/s. Ragini Chokshi & Co. as Secretarial Auditor for five years (FY26–FY30) at Rs. 1 lakh per year, and continuation of Mr. Dilip Piramal (aged 75+) as Non-Executive Chairman. The company is seeking shareholder approval to waive recovery of excess managerial remuneration paid for FY25 due to reported losses: Rs. 3.36 crore to MD Ms. Neetu Kashiramka, Rs. 30.9 lakh to Executive Vice Chairperson Ms. Radhika Piramal, and Rs. 32.5 lakh to Executive Director Mr. Ashish Saha. A major special resolution seeks approval for a Shareholders' Agreement dated July 13, 2025, granting special rights to new investors including Multiples Private Equity Fund IV and others, and amendment of the Articles of Association.
The AGM agenda signals that VIP Industries reported a loss in FY25, prompting the excess remuneration waivers and confirming challenging business conditions. The proposed SHA with Multiples Private Equity and amendment to Articles introduces new investors with special rights, which may signal a shift in promoter control or governance structure worth monitoring closely.