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Incorporated in 1991, VIP Clothing Ltdis a manufacturer, marketer, and distributorof Men’s and Women’s inner wear and socks
VIP Clothing's Board approved issuing 2.12 Cr convertible warrants at ₹22.50/warrant to Promoters/Non-Promoters, raising ₹47.70 Cr. Warrants convert into equity within 18 months. Shareholder approval via EGM on June 11 is pending.
VIP Clothing plans to issue 2.12 Cr warrants, convertible into equity shares, at Rs 22.50 each. This preferential issue targets promoters and non-promoters, aiming to raise Rs 47.70 Cr. Shareholder approval for this is sought at an EGM on June 11, 2026. Warrants can be converted within 18 months.