Pursuant to Regulation 46(2)(oa) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Transcript of the Analysts / Institutional Investors Meet, which was held on Tuesday, 07th June, 2022, through the electronic medium of video conferencing (Zoom Platform), is attached herewith.
As per Regulation 15(2) of the Listing Regulations, the compliance with the Corporate Governance provisions as specified from Regulations 17 to 27 and Clauses (b) to (i) of sub-regulation (2) of Regulation 46 and Para C, D, and E of Schedule V shall not be applicable in respect of the Listed Entity having paid-up equity share capital not exceeding Rs. 10 Crore and net worth not exceeding Rs. 25 Crore as on the last day of the previous financial year. As on the last day of previous financial year 31ST March 2022, the paid-up equity share capital of the Company is less than Rs. 10 crore and Net worth is less than Rs. 25 crore. Therefore, the Company is not required to submit the disclosures for related party transactions for the Half year ended on March 31, 2022, as it does not meet the criteria of applicability.
With reference to captioned subject, we would like to inform that the Company has received an intimation regarding inter-se transfer of shares on or after 21st June, 2022 amongst certain members of the promoter and promoter group of the Company.
Pursuant to the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you 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. 14th June, 2022 approved the allotment of 1,763 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 14,15,00,715 (Nos.) to 14,15,02,478 (Nos.) equity shares of Rs. 2/- each. Please take the above on record and acknowledge receipt of the same.
In terms of Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we enclose herewith the disclosure of Related Party Transactions in accordance with the prescribed format for the half year ended 31st March, 2022.
In terms of Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, we enclose herewith disclosure of Related Party Transactions as per the format specified under SEBI Circular bearing reference no. SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated November 22, 2021, for the half year ended 31st March 2022.
Intimation pursuant to Regulation 30(2)/(4) Read with Clause 7 of Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015 for Resignation of Chief Financial Officer of the Company.
In accordance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) (Amendments) Regulations, 2018, please find attached the disclosure of the Related Party Transactions of the Company for the half year ended 31st March, 2022. Kindly take this into your records.
