Vipul Limited has informed the Exchange about Shareholders meeting
VIPULLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Vipul Limited held its 1st Extra-Ordinary General Meeting (EGM) on January 8, 2026, via video conferencing, which concluded in just 20 minutes. Shareholders approved a Special Resolution to issue up to 10.85 crore Fully Convertible Warrants to the Promoter/Promoter Group and Public on a preferential basis. Out of 14.09 crore total shares, about 3.75 crore shares (26.64%) were voted, with an overwhelming 99.98% voting in favour and only 5,701 votes (0.02%) against. Promoters voted 100% in favour, public institutions voted 100% in favour, and public non-institutions voted 99.94% in favour. The resolution was declared passed with the requisite majority, and the scrutinizer's report was submitted on January 9, 2026.
This approval allows the company to raise funds by issuing convertible warrants to promoters and select public investors, which may lead to significant equity dilution for existing public shareholders once the warrants are converted. The near-unanimous approval suggests strong shareholder support, but retail investors should watch for the actual allotment terms, pricing, and timeline of conversion.