Vipul Limited — Others, 10-12-2024: Appointment

Vipul Limited has announced a board meeting outcome, revealing approval to raise up to ₹49.75 crores through a rights issue of equity shares at a face value of ₹1 each, inviting subscriptions from eligible shareholders. The Board has formed a Rights Issue Committee led by Mr. Ajay Arjit Singh to manage the details of the issuance. Additionally, Mrs. Minaxi Manoj Pareek has been appointed as a Non-Executive Independent Director. This fundraising effort positions the company for strategic growth and potentially enhances investor confidence by strengthening its capital base, paving the way for future opportunities.