Vipul Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on January 08, 2026
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Vipul Limited held its first Extraordinary General Meeting (EGM) of FY 2025-26 on Thursday, January 8, 2026, via video conferencing from 12:00 PM to 12:20 PM. A total of 48 members attended the meeting, and quorum was confirmed by the Chairman. The only special business item transacted was the proposal to issue up to 10,85,00,000 (10.85 crore) Fully Convertible Warrants on a preferential basis to persons/entities belonging to the 'Promoter & Promoter Group' and 'Public' categories. The meeting was chaired by Mr. Punit Beriwala (Managing Director, CEO & CFO), with independent directors Mr. Ajay Arjit Singh and Mr. Sanjay Sood also present. M/s AVA Associates acted as Scrutinizer. Voting results are awaited and will be declared within 2 working days, along with the Scrutinizer's Report.
The proposed issue of up to 10.85 crore fully convertible warrants is a large preferential allotment that, if approved and converted, could significantly dilute existing shareholders' equity. Investors should watch for the voting outcome and scrutinizer's report (expected within 2 working days) to know whether shareholders have greenlit the warrant issue, which will determine any near-term dilution risk and capital-raising direction for the company.