Pursuant to the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, VIP Industries has informed that in accordance with the terms of VIP Employees Stock Appreciation Rights Plan, 2018 (Plan), the Allotment Committee of the Board of Directors of VIP Industries Limited ('the Company'), has today i.e., 9th March, 2023 approved the allotment of 19,400 fully paid up equity shares of Rs 2 each to the allottee(s), upon exercise of Employee Stock Appreciation Rights under the said Plan. These shares shall rank pari passu, in all respects with the existing equity shares of the Company. With the allotment of the above shares, the equity base of the Company stands increased from present level of 14,16,35,835 (Nos.) to 14,16,55,235 (Nos.) equity shares of Rs 2 each.
The above information is a part of company’s filings submitted to BSE.
