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Vipul Organics has received approval for a preferential issue of 16,70,000 fully paid-up equity shares. These shares, with a face value of Rs. 10 each, will be issued to non-promoters at a price of Rs. 211 per share. This initiative is set to raise approximately Rs. 35.24 crore for the company. This approval allows Vipul Organics to proceed with raising capital, which can strengthen its financial position and support ongoing business operations or future growth strategies. This is a key development for the company's funding.