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V.I.P. Industries Ltd. — Capital/Financing Update 2025
Sep 24, 2025
59261_rns_2025-09-24_477a313d-cca1-4349-b3aa-454c5538745a.pdf
Capital/Financing Update
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| September 24, 2025 | |
|---|---|
| BSE Limited Phiroze Jeejeebhoy Towers, Dalal St, Kala Ghoda, Fort, Mumbai – 400001 BSE Code No. 507880 |
National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051. NSE Code – VIPIND |
Subject: Disclosure of events or information under Reg. 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir / Madam,
The Nomination and Remuneration Committee (“Committee”) of the Board of Directors of the Company at its meeting held on September 23, 2025 has approved the grant of 3,00,000 Employee Stock Appreciation Rights (“ESARs”) to the eligible employee under its VIP Employees Stock Appreciation Rights Plan 2018. The details of same are given herein below:
| a) | Brief details of ESARs granted | 3,00,000 ESARs to the eligible employee of the Company or its subsidiary (ies) as determined bythe Committee |
|---|---|---|
| b) | Whether the scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity)Regulations 2021(if applicable) |
Yes |
| c) | Total number of shares covered by the ESARs | Not more than 17,06,587 (Seventeen Lakhs Six Thousand Five hundred Eighty Seven)equityshares |
| d) | Pricing formula | ESARs will be issued at a discount of Rs. 388/-per share. |
| e) | ESARs vested; | 15,35,000(out of earliergrants) |
| f) | Time within which ESAR may be exercised | The vested ESARs shall be excisable within a period of 5 (Five) years from date of vestingof such ESARs |
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The ESOP’s granted are governed by the ESARP 2018/Plan which was submitted with the exchanges at the time of obtaining In-Principle Approval. The Company has received In Principle approval the Stock Exchanges where it is listed.
Please take the above on your record and disseminate the same for the information of Investor
Thanking you,
Yours faithfully,
For V.I.P. INDUSTRIES LIMITED
Digitally signed by Ashitosh Ashitosh Kamlesh Sheth Kamlesh Sheth Date: 2025.09.24 16:25:14 +05'30'
Ashitosh Sheth
Company Secretary & Head – Legal ACS 25997
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