Vipul Limited — Capital/Financing Update 2025

Dec 12, 2025

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Ref. No. VIPUL/SEC/FY2025-26/2409	December 12, 2025
To,	To,
The Secretary	The Manager (Listing)
BSE Limited,	National Stock Exchange of India
(Equity Scrip Code: 511726)	Limited,
Corporate Relationship Department,	(Equity Scrip Code: VIPULLTD)
At: 1ST Floor, New Trading Ring, Rotunda	Exchange Plaza, Bandra Kurla
Building, Phiroze Jeejeebhoy Towers,	Complex,
Dalal Street, Fort, Mumbai-400001	Bandra, Mumbai-400051

Subject : Outcome of the Meeting of the Board of Directors of Vipul Limited held on Friday, December 12, 2025.

Dear Sir/Madam,

With reference to the captioned subject and in terms of the provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time (“ Listing Regulations, 2015 ”), we wish to inform that the Board of Directors of Vipul Limited (“the Company”) , at their meeting held today i.e. Friday, December 12, 2025, has inter alia, transacted the following business:

I. Fund raising by way of Preferential Issue:

Considered and approved the issue and allotment of up to 10,85,00,000 Fully Convertible Warrants (“ Warrants ”), each carrying right exercisable by the Warrant holder to subscribe to one Equity Share of face value of Re. 1/- each, to the persons/ entities belonging to the Promoter & Promoter Group and Public Category on preferential basis, at an issue price of Rs. 9.20/- (Nine Rupees and Twenty Paisa Only) per Warrant , determined in accordance with the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, to be convertible at an option of Warrant holder(s) in one or more tranches, within 18 (Eighteen) months from its allotment date into an equivalent number of fully paid-up equity shares of the Company, for cash, aggregating up to Rs. 99,82,00,000/(Rupees Ninety-Nine Crore Eighty-Two Lakh Only) subject to the shareholders’ approval. The names of the proposed allottees are mentioned below:

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----- Start of picture text ----- Sr. Name of the Proposed Category (Promoter & No. of WarrantsNo. Allottees Promoter Group/ Public) (up to)1. Punit Beriwala Promoter 1,24,00,0002. Om Aggarwal Public 1,24,00,0003. Karnica Gupta Public 60,00,0004. Simmi Garg Public 36,00,0005. Chakshu Garg Public 36,00,0006. Parveen Kumar Chaudhary Public 42,00,000----- End of picture text -----

Regd. Off: Unit No 201, C-50, Maviya Nagar, New Delhi-110017 CIN: L65923DL2002PLC167607

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----- Start of picture text ----- 7. Neeraj Chaudhary Public 41,00,0008. Shaurya Chaudhary Public 41,00,0009. Bima Pay Technology Private Public 71,00,000Limited10. Kapil Aggarwal Public 50,00,00011. Gourav Kumar Public 24,80,00012. Manju Rani Public 24,80,00013. Sourav Gupta Public 24,80,00014. Ashok Kumar Public 24,80,00015. Pinki Gupta Public 24,80,00016. KSJ Estate Private Limited Public 1,24,00,00017. Pine Emergance LLP Public 1,20,00,00018. Vinita Jain Public 31,00,00019. Pramod Kumar Jain Public 32,00,00020. Aryaman Jain Public 25,00,00021. Renu Goyal Public 4,00,000Total 10,85,00,000----- End of picture text -----

Details as per Regulation 30 of the Listing Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, with respect to this Preferential Issue is enclosed as Annexure A.

• II. Approved the draft notice of the Extra-Ordinary General Meeting of the members of the Company, scheduled to be held on Thursday, January 08, 2026, seeking approval for the above issue and other connected matters.

The meeting of the Board of Directors commenced at 05:00 PM and concluded at 5:45 PM.

You are requested to kindly take the same on your records.

Thanking you,

Yours faithfully,

For and on behalf of

Vipul Limited

PIYUSH Digitally signed by PIYUSH BAIRAGI BAIRAGI Date: 2025.12.12 17:53:37 +05'30' Piyush Bairagi Company Secretary & Compliance Officer A-77256

Encl.: As above

Regd. Off: Unit No 201, C-50, Maviya Nagar, New Delhi-110017 CIN: L65923DL2002PLC167607

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Annexure – A

Details of Preferential Issue in terms of SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024:

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----- Start of picture text ----- Sr. Particulars DisclosuresNo.1. Type of securities proposed to Fully Convertible Warrants (“ Warrants ”)be issued2. Type of issuance Preferential Issue3. Total Number of Securities Preferential Issue of up to 10,85,00,000 Fullyproposed to be issued or the Convertible Warrants of face value of Re. 1/-total amount for which the each, aggregating up to Rs. 99,82,00,000/-securities will be issued (Rupees Ninety-Nine Crore Eighty-Two Lakh(approximately) Only), for cash, at an issue price of Rs. 9.20/-(Nine Rupees and Twenty Paisa Only) perWarrant, determined in accordance withprovisions of Chapter V of SEBI (Issue ofCapital and Disclosure Requirements)Regulations, 2018, as amended and applicableprovisions of Companies Act, 2013.4. Name and number of the Sr. No. Name of the Proposed AllotteeInvestor(s) 1. Punit Beriwala2. Om Aggarwal3. Karnica Gupta4. Simmi Garg5. Chakshu Garg6. Parveen Kumar Chaudhary7. Neeraj Chaudhary8. Shaurya Chaudhary9. Bima Pay Technology PrivateLimited10. Kapil Aggarwal11. Gourav Kumar12. Manju Rani13. Sourav Gupta14. Ashok Kumar15. Pinki Gupta16. KSJ Estate Private Limited17. Pine Emergance LLP18. Vinita Jain19. Pramod Kumar Jain----- End of picture text -----

Regd. Off: Unit No 201, C-50, Maviya Nagar, New Delhi-110017 CIN: L65923DL2002PLC167607

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----- Start of picture text ----- 20. Aryaman Jain21. Renu Goyal5. Issue Price At an issue price of Rs. 9.20/- (Nine Rupeesand Twenty Paisa Only) per Warrant,determined in accordance with provisions ofChapter V of SEBI (Issue of Capital andDisclosure Requirements) Regulations 2018,as amended and applicable provisions ofCompanies Act, 2013.6. Tenure/ Conversion Convertible into equivalent number of EquityShares of Re. 1/- each within a maximumperiod of 18 months from the date of allotmentof such Warrants.7. In case of convertibles, Will be given as and when requiredIntimation on conversion ofsecurities or on lapse of thetenure of the instrument8. Nature of Consideration Cash(Whether cash or considerationother than cash)----- End of picture text -----

For and on behalf of Vipul Limited PIYUSH Digitally signed by PIYUSH BAIRAGI BAIRAGI Date: 2025.12.12 17:53:56 +05'30'

Piyush Bairagi Company Secretary & Compliance Officer A-77256

Date: December 12, 2025 Place: Gurugram

Regd. Off: Unit No 201, C-50, Maviya Nagar, New Delhi-110017 CIN: L65923DL2002PLC167607