VIP Industries Limited — QIP/Rights/Pref., 19-11-2024: Allotment of Securities

VIP Industries has approved the allotment of 426 fully paid-up equity shares at an issue price of ₹2 each, related to the exercise of Employee Stock Appreciation Rights under its 2018 Plan. Following this allotment, the total equity shares outstanding will increase from 14,20,13,448 to 14,20,13,874. This move reflects the company's commitment to incentivizing employee performance and enhancing shareholder value through its stock appreciation program.