VIP Clothing approves ₹47.70 crore warrant issue
Published on: June 13, 2026, 6:39 a.m. | Source: scanx.trade
VIP Clothing Limited secured shareholder approval to raise ₹47.70 crore through the preferential allotment of warrants at its Extraordinary General Meeting (EGM) held on June 11, 2026. The resolution to issue up to 2,12,00,000 warrants convertible into equity shares at ₹22.50 per warrant passed with 99.9995% of the total valid votes cast. The proceeds are designated for working capital requirements, balance sheet strengthening, and general corporate purposes.
