Shareholders meeting

September 28, 2026 To, To, The Listing Department, The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra-Kurla Complex Mumbai - 400 001. Bandra (East), Mumbai-400 051. Scrip Code: 532613 Trading Symbol: VIPCLOTHNG Dear Sir/Madam, Sub: Summary of proceedings of the 36th Annual General Meeting (AGM) held on Monday, September 28, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a summary of the proceedings of the 36th Annual General Meeting (AGM) of the Company held on Monday, September 28, 2026 at 12:00 noon (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM), in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. You are requested to kindly take the same on record. Thanking you. Yours faithfully, For VIP Clothing Limited Rahul Soni Company Secretary & Compliance Officer Membership No.: A61305 Encl: A/a VIP Clothing Limited CIN: L18101MH1991PLC059804 Registered office: C-6, Road No.22, MIDC, Andheri (East), Mumbai -400 093. Phone: 022 – 40209000/1/2/3/4/5 Email- id: investor.relations@vip.in; Website: www.vipclothing.in PROCEEDINGS OF THE 36TH ANNUAL GENERAL MEETING (‘AGM’) OF THE COMPANY: Date, time and mode of the Meeting The 36th Annual General Meeting (AGM) of VIP Clothing Limited was held on Monday, September 28, 2026 at 12:00 noon (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM), in compliance with the applicable provisions of the Companies Act, 2013 and the rules made thereunder, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The AGM commenced at 12:00 noon (IST). Brief details of the proceedings of the Meeting Mr. Rahul Soni, Company Secretary and Compliance Officer, welcomed the Members to the Meeting and briefed them on the arrangements for participation in the Meeting. The requisite quorum under Section 103 of the Companies Act, 2013 was present. Thereafter, the Company Secretary welcomed the Directors, Auditors, other panellists and Members to the AGM. He introduced the Directors, including the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, who attended the Meeting through VC from various locations, including the registered office of the Company. He informed the Members that Mr. Manish Kankani, Partner of DMKH & Co., Statutory Auditors of the Company, was present at the Meeting. CS Ketan Ravindra Shirwadkar, Proprietor of M/s. KRS AND CO., Practising Company Secretaries, the Secretarial Auditor of the Company, was also present at the Meeting. CS Ketan Ravindra Shirwadkar (Membership No. F13938 and COP No. 15386), Proprietor of M/s. KRS AND CO., Practising Company Secretaries, was also present in his capacity as the Scrutinizer for scrutinising the remote e-voting and e-voting at the AGM. He further informed the Members that, as the AGM was being held through VC / OAVM without their physical attendance, the facility for appointment of proxies was not available. He informed the Members that the documents required to be made available for inspection were available electronically for inspection during the AGM. A total of 93 Members, including authorised representatives of bodies corporate, attended the AGM through VC / OAVM. VIP Clothing Limited CIN: L18101MH1991PLC059804 Registered office: C-6, Road No.22, MIDC, Andheri (East), Mumbai -400 093. Phone: 022 – 40209000/1/2/3/4/5 Email- id: investor.relations@vip.in; Website: www.vipclothing.in Six Directors, including four Independent Directors, were present at the Meeting. Thereafter, the Company Secretary requested the Chairman to address the Members present at the AGM. The key points of the Chairman’s address are summarised below: The Chairman welcomed the Members to the 36th Annual General Meeting of VIP Clothing Limited and addressed them on the Company’s financial performance, operational developments, strategic priorities and future outlook. He reflected on the Company’s longstanding presence in the Indian innerwear market and its portfolio of brands, including VIP, Frenchie, Feelings, Leader, Brat and Rivolta. He emphasised the Company’s responsibility to preserve consumer trust, improve product quality, strengthen its brands and create sustainable value for shareholders. The Chairman highlighted the improvement in the Company’s financial performance during FY 2025- 26. Revenue from operations increased by 7.15% to ₹253.83 crore, compared with ₹236.89 crore in the previous financial year. EBITDA increased by 32.9% to ₹23.93 crore from ₹18.01 crore, while profit after tax stood at ₹9.81 crore, marking the Company’s return to profitability. He attributed the improvement to greater operating discipline, sharper cost controls, an improved product mix and continued efforts to strengthen the business. He emphasised that the Company’s priority was to make these improvements sustainable and consistent over the longer term. The Chairman discussed evolving consumer preferences and the opportunities arising from increasing demand for comfort, quality, design, fashion and performance. He outlined the Company’s focus on developing a distinct positioning for each of its brands and strengthening its presence across innerwear, women’s innerwear, children’s wear and athleisure categories. He also highlighted the importance of product innovation and responding to the expectations of younger and digitally engaged consumers. On distribution, the Chairman outlined the Company’s efforts to strengthen its presence across general trade, wholesale, modern trade, e-commerce, quick commerce, institutional business, exclusive brand outlets and international markets. He highlighted the growth potential in Tier-II and Tier-III cities and smaller towns, while emphasising the need to improve outlet productivity, product availability and inventory management. He further discussed the increasing use of technology and data to support timely decisions relating to sales, product performance, inventory, margins and deployment of capital. The Chairman also addressed the uncertainties arising from geopolitical developments, trade tensions, changes in tariffs, currency fluctuations, raw material price movements and disruptions to global logistics. He emphasised the importance of resilient sourcing arrangements, operational preparedness and financial discipline in responding to these challenges. He reiterated that the Company would focus on factors within its control, including costs, productivity, brand development, distribution and execution, while evaluating emerging opportunities. The Chairman reaffirmed the Company’s focus on profitable growth, cash generation, efficient use of capital and long-term value creation. He highlighted the importance of developing a performance- oriented organisation with clear accountability and employee ownership. He also reiterated the Company’s commitment to transparency, integrity and responsible corporate governance. VIP Clothing Limited CIN: L18101MH1991PLC059804 Registered office: C-6, Road No.22, MIDC, Andheri (East), Mumbai -400 093. Phone: 022 – 40209000/1/2/3/4/5 Email- id: investor.relations@vip.in; Website: www.vipclothing.in With regard to the forthcoming festive season, the Chairman informed the Members that the Company had undertaken preparations across its distribution network, product launches and festive collections to address anticipated consumer demand. He expressed optimism regarding the opportunity presented by the festive period and emphasised the Company’s focus on converting seasonal demand into sustained business momentum. The Chairman u [Showing first 8,000 characters — download PDF for full document]