VIP Industries shareholders approve all ballot resolutions, including director appointments

On December 19, 2025, VIP Industries Limited announced the successful passage of all seven resolutions presented in its postal ballot, which concluded on December 18, 2025. The resolutions, which included the appointment of non-executive, non-independent directors Ms. Renuka Ramnath, Mr. Sridhar Sankararaman, and Mrs. Shalini D. Piramal, as well as Mr. Rajendra Agarwal as a non-executive, independent director, all received significant support.

A key highlight was the approval of Mr. Atul Jain's appointment as managing director and his remuneration, alongside an increase in the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013. The e-voting results, scrutinized by Ms. Ragini Chokshi, show that the overall "Votes in favour on votes polled" across all resolutions ranged from 97.16% to 99.91%.

The total valid votes cast were 98,413,687, representing 69.28% of the total outstanding shares. These results indicate strong shareholder confidence in the company's proposed governance and strategic financial decisions.