VIP Industries Shareholders Approve Key Board Appointments and Borrowing Limit Increase
VIP Industries Limited has announced the results of its postal ballot, indicating that all proposed resolutions have been passed with the requisite majority. The e-voting period commenced on November ...
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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 multiple resolutions, including key board appointments and an increase in borrowing limits, indicating positive corporate governance and strategic decisions.
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VIP Industries Shareholders Approve Key Board Appointments and Borrowing Limit Increase
December 19, 2025, 08:38 AM
VIP Industries Limited has announced the results of its postal ballot, indicating that all proposed resolutions have been passed with the requisite majority. The e-voting period commenced on November 19, 2025, at 9:00 a.m. (IST) and concluded on December 18, 2025, at 5:00 p.m. (IST).
Key appointments approved include 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.
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 resolutions are deemed to have been passed on December 18, 2025, the last day of e-voting. The detailed voting results and the consolidated scrutinizer's report have been made available on the company's website and the NSDL e-voting portal.
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