VIP Industries shareholders approve key appointments and borrowing limit increase via postal ballot
VIP Industries Limited has announced the results of its postal ballot, which concluded on December 18, 2025. All proposed resolutions were passed with the requisite majority. These resolutions include...
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Why is VIP Industries Limited in the news today?
VIP Industries Limited (VIPIND) is in the news due to the announcement details the successful passing of all proposed resolutions through a postal ballot, including key appointments and an increase in borrowing limits, indicating positive shareholder support for the company's governance and strategic decisions.
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VIP Industries shareholders approve key appointments and borrowing limit increase via postal ballot
December 19, 2025, 08:41 AM
VIP Industries Limited has announced the results of its postal ballot, which concluded on December 18, 2025. All proposed resolutions were passed with the requisite majority. These resolutions included the appointment of Ms. Renuka Ramnath as Non-Executive, Non-Independent Director and Chairperson; Mr. Sridhar Sankararaman as Non-Executive, Non-Independent Director; Mrs. Shalini D. Piramal as Non-Executive, Non-Independent Director; Mr. Rajendra Agarwal as Non-Executive, Independent Director; and Mr. Atul Jain as Managing Director.
The shareholders also approved the remuneration payable to Mr. Atul Jain as Managing Director and an increase in the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
The e-voting commenced on November 19, 2025, and concluded on December 18, 2025. The consolidated Scrutinizer's Report, dated December 19, 2025, confirmed the passing of all resolutions. The resolutions are deemed to have been passed on December 18, 2025. The voting results and the Scrutinizer's Report are available on the company's website and NSDL's e-voting portal.
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