Allotment of Securities

VIP Industries has approved the allotment of 5,554 equity shares at ₹2 each, resulting from the exercise of Employee Stock Appreciation Rights under the VIP Employees Stock Appreciation Rights Plan, 2018. Post-allotment, the company's equity base increases from 14,20,13,874 to 14,20,19,428 shares.

This move underlines the company's commitment to employee engagement through equity participation.