VIP Clothing Approves ₹47.7 Crore Preferential Warrant Issue

VIP Clothing Board approved a preferential issue of 2.12 crore warrants at ₹22.50 each to raise ₹47.7 crore from promoters and non-promoters.
The warrants are convertible into equity shares within 18 months, with 25% payment upfront and 75% upon conversion.
An EGM is scheduled for June 11, 2026, to seek shareholder approval for the preferential issue.
A Preferential Issue Committee was formed, and a scrutinizer was appointed for the EGM's remote e-voting process.