VIP Clothing Reloads Capital Arsenal With 2.12 Crore Convertible Warrants At Rs 22.50 Each

VIP Clothing, a leading innerwear and apparel manufacturer, is strengthening its capital base through this preferential issue to support future expansion and operational growth. The proposal remains subject to shareholder and regulatory approvals, with detailed disclosures filed with stock exchanges.  

Preferential Issue Structure And Pricing

Governance Measures And EGM Plan

Key highlights  

• Issue of 2,12,00,000 convertible warrants at Rs 22.50 per warrant  
• Total fund raise of Rs 47.70 crore on full conversion  
• Allotment to 16 investors across promoter, promoter group and non-promoter categories  
• EGM scheduled on June 11, 2026, via video conferencing for shareholder approval  
• KRS & Co. appointed as scrutinizer for remote e-voting  
• Preferential Issue Committee formed under Chairman and MD Sunil Pathare  
  
  

Sources: Board Meeting Outcome filed by VIP Clothing Limited dated May 19, 2026.