Mode: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Location: Virtual meeting, no physical attendance required
Summary of Proposed Resolutions and Implications
Resolution: To issue warrants (convertible into equity shares of the Company) on a preferential basis to Promoter and Non-Promoters Category.
Implications: The issuance is aimed at fundraising through preferential allotment, potentially diluting equity but providing capital.
Voting Process and Methods
Remote E-voting: Available from Monday, June 8, 2026 (10:00 AM IST) to Wednesday, June 10, 2026 (5:00 PM IST) via MUFG Intime India Private Limited (formerly Link Intime India Private Limited).
E-voting during EGM: Offered to members who did not vote remotely, with the platform blocked after the meeting.
Cut-off Date: Thursday, June 4, 2026, for determining voting entitlements.
Scrutinizer: Mr. Ketan Ravindra Shirwadkar, appointed via Board Resolution dated May 18, 2026, to oversee the voting process.
Key Voting Outcomes
Total Votes Cast: 46,159,282 shares
Votes in Favor: 46,159,061 shares (99.9995%)
Votes Against: 221 shares (0.0005%)
Participation Breakdown by Shareholder Category:
Promoter and Promoter Group: 41,955,538 shares voted, all in favor (100%)
Public Institutions: 1 share voted, in favor (100%)
Public Non-Institutions: 4,203,743 shares voted, with 4,203,522 in favor (99.9947%) and 221 against (0.0053%)
Number of Members Voted: 131 in favor, 2 against
Invalid Votes: None reported
Scrutinizer's Role, Findings, and Conclusions
Role: To scrutinize the remote e-voting and e-voting during the EGM, ensure fairness and transparency, and prepare a consolidated report.
Findings: The voting process was conducted in accordance with applicable laws; votes were counted and verified in the presence of witnesses (Mr. Achyut Dubey and Sagar Joguguddi).
Conclusions: All resolutions were passed with the requisite majority; electronic data is under the scrutinizer's custody and will be handed over to the Company Secretary after minutes approval.
Compliance with Applicable Laws and Regulations
Complies with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, Secretarial Standard SS-2, and Regulation 44 of SEBI LODR Regulations 2015.
Adheres to MCA Circulars (No. 14/2020, 17/2020, 20/2020, 02/2021, 19/2021, 21/2021, 02/2022, 10/2022, 09/2023, 09/2024, 03/2025) and SEBI Circulars (dated May 12, 2020, January 15, 2021, May 13, 2022, January 5, 2023, October 7, 2023, October 3, 2024).
Notice of EGM sent electronically on May 20, 2026, and uploaded on company and stock exchange websites.
Names and Roles of Signatories
Company Secretary and Compliance Officer: Mr. Rahul Soni (Membership No. A-61305), signed the submission letter.
Scrutinizer: Mr. Ketan Ravindra Shirwadkar (Membership No. F13938, COP No. 15386), proprietor of KRS AND CO, signed the scrutinizer report.
Chairman: Mr. Sunil Pathare, counter-signed the scrutinizer report.
Other Relevant Financial, Legal, or Procedural Information
Trading Symbol: VIPCLOTHNG
Total Shareholders on Record Date: 32,373
Shareholders Attended Meeting: 6 promoters and 71 public members via VC/OAVM
Service Provider for E-voting: MUFG Intime India Private Limited
Witnesses to Vote Download: Mr. Achyut Dubey and Sagar Joguguddi
