Vippy Spinpro Ltd. — Board/Management Information 2024

Mar 26, 2024

VSL/2023-24/2075

26[th] March, 2024

To, Department of Corporate Services BSE Limited 25[th] Floor, P.J. Towers, Dalal Street, Mumbai-400001 IN

SUB: Outcome of Board Meeting held on Tuesday, March 26, 2024 pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 (“Listing Regulations”)

Scrip Code: 514302

Dear Sir/Madam,

The Board of Directors of the Company at its meeting held on Tuesday, March 26, 2024 at the registered office of the Company situated at 14-A, Industrial Area A. B. Road Dewas - 455001 (M.P.) which commenced at 03:00 P.M. and concluded at 03:30 P.M., inter alia transacted the following business:

1. Approved re-appointment of Shri Piyush Mutha, Managing Director of the Company subject to the approval of the members of the Company by means of Postal Ballot for a further period of 3 years w.e.f. April 01, 2024.

Please note that the details of the appointee director as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 read with SEBI Circular dated September 09, 2015 is enclosed herewith as Annexure-1 .

Further, in compliance with BSE Circular No. LIS/COMP/14/2018-19 dated June 20, 2018 and as per the Confirmation received from Shri Piyush Mutha, this is to confirm that he is not debarred from holding the office of director by virtue of any SEBI order or order from any other authority.

You are requested to take the same on record.

Thanking you Yours Faithfully For Vippy Spinpro Limited

Pulkit Maheshwari CS, Compliance Officer & CFO Membership Number: A68690 Encl:- A/a

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ANNEXURE – 1

DETAILS OF THE APPOINTEE DIRECTOR

[Read with SEBI Circular dated September 09, 2015]

Disclosure Requirement	Details
Name	Shri Piyush Mutha
Director Identification Number	00424206
Nationality	Indian
Date of Birth	23.04.1969
Qualification	MBA & BE
Date of Appointment	01.04.1992
Reason for Change	Reappointment subject to approval of members by means of Postal Ballot.
Date of Re-appointment & Term of Re-appointment	The Board of Directors at their meeting held today i.e. March 26, 2024 have approved the re- appointment of Shri Piyush Mutha as Managing Director of the company w.e.f April 01, 2024 for a period of 3 years, subject to the approval of members bymeans of Postal Ballot.
Brief Profile	Shri Piyush Mutha has over 31 years’ experience in the cotton industry and business. The company has grown and flourished under his guidance. His management skills and self-belief has been a crucial factor in the growth of the business. His presence serves as a positive catalyst in the Company. He has rich experience in conceptualizing, planning, directing and implementing business decisions.
Disclosure of Relationships between Directors	He is brother of Shri Praneet Mutha, Director of the Company
Name of other listed companies in which he holds directorship	NIL
Chairmanship/Memberships of Committees of the other listed companies in which he is Director	NIL
Number of Shares held in the Company	5,21,750

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