<h1>VIP Industries Limited Board Allots 1,850 Shares Under Employee Stock Appreciation Rights Plan</h1>
VIP Industries Limited has approved the allotment of 1,850 fully paid up equity shares in connection with the exercise of Employee Stock Appreciation Rights (ESAR) under the VIP Employees Stock Appreciation Rights Plan, 2018.
The Board of Directors of VIP Industries Limited sanctioned the allotment on July 06, 2026. The newly allotted shares were issued at a price of Rs. 2/- each and rank pari-passu with the existing equity shares of the company.
This transaction results in an increase to the overall equity base of the company.
The details regarding the change in the equity base are as follows:
| Metric | Previous Equity Base | Allotment Details | New Equity Base |
|---|---|---|---|
| Total Equity Shares | 14,20,51,846 (Nos.) | 1,850 shares at Rs. 2/- each | 14,20,53,696 (Nos.) |
The allotment is carried out in accordance with the terms of the VIP Employees Stock Appreciation Rights Plan, 2018.
VIPIND Stock Price Movement
VIP Industries Limited shares today slipped by 2.01% to close at ₹302.40, shedding ₹6.20 from the previous close. The equity saw a trading volume of 235,878 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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