Shareholders meeting

August 21, 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal St, Kala Ghoda, Fort, Plot No. C/1, G Block, Mumbai – 400 001. Bandra Kurla Complex, Bandra (East), Mumbai – 400 051. BSE Scrip Code: 507880 NSE Symbol: VIPIND Dear Sir/Madam, Subject: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Proceedings of the 59th Annual General Meeting held on August 21, 2026 Further to our letter dated July 30, 2026, we wish to inform that the 59th Annual General Meeting (“AGM”) of the Company was held today i.e. Friday, August 21, 2026, at 02:30 p.m. IST through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”), to transact the business(es) as mentioned in the Notice convening 59th AGM. In this regard, please find enclosed herewith summary of proceedings of the 59th AGM of the Company. The results of voting will be intimated to you separately. Kindly take the same on your record. Thanking you, Yours faithfully, For V.I.P. INDUSTRIES LIMITED Shalaka Koparkar Company Secretary & Head – Legal ACS No. 25314 Encl: As above Registered Office: DGP House, 5th Floor, 88C, Old Prabhadevi Road, Mumbai 400 025. INDIA. TEL: +91 (22) 66539000 FAX: +91 (22) 66539089, EMAIL: corpcomm@vipbags.com WEB: www.vipbags.com CIN - L25200MH1968PLC013914 Annexure I Summary of Proceedings of the 59th Annual General Meeting (AGM) of the Company The 59th Annual General Meeting (AGM) of the Members of V.I.P. Industries Limited (‘the Company’) was held on Friday, August 21, 2026, at 02:30 p.m. IST by Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”), in compliance with the General Circulars issued by the Ministry of Corporate Affairs (‘MCA’) and circular issued by the Securities and Exchange Board of India (‘SEBI’) and as per the applicable provisions of the Companies Act, 2013 (“Act”) and the Rules made thereunder. The following Directors were present at the meeting over VC: Sr. Name of the Directors Designation 1. Ms. Renuka Ramnath Chairperson, Non-Executive, Non-Independent Director 2. Mr. Sridhar Sankararaman Non-Executive, Non-Independent Director 3. Ms. Shalini D. Piramal Non-Executive, Non-Independent Director 4. Mr. Atul Jain Managing Director 5. Dr. Suresh Surana Non-Executive, Independent Director, Chairman of Audit Committee 6. Mr. Rajendra Agarwal Non-Executive, Independent Director, Chairman of Nomination & Remuneration Committee 7. Mr. Sanjay Mahesh Rastogi Non-Executive, Independent Director, Chairman of Stakeholders Relationship Committee 8. Ms. Vaishali Shrikant Bhat Non-Executive, Independent Director Other Representatives (over VC) Sr. Name of the Directors Designation 1. Mr. Rahul Poddar Chief Financial Officer (Upto 31st August, 2026) 2. Mr. Narayan Saraf Chief Financial Officer (From 1st September, 2026) 3. Ms. Shalaka Koparkar Company Secretary & Head - Legal 4. Ms. Alpa Kedia Partner, Price Waterhouse Chartered Accountants LLP, Statutory Auditors 5. Mr. Pankaj Chandak Representative of Price Waterhouse Chartered Accountants LLP, Statutory Auditors 6. Ms. Ragini Chokshi, Secretarial Auditor & Scrutinizer All the Directors were present at the Meeting. Registered Office: DGP House, 5th Floor, 88C, Old Prabhadevi Road, Mumbai 400 025. INDIA. TEL: +91 (22) 66539000 FAX: +91 (22) 66539089, EMAIL: corpcomm@vipbags.com WEB: www.vipbags.com CIN - L25200MH1968PLC013914 69 Members had attended the Meeting virtually, in person / through authorized representatives. In terms of the circulars issued by MCA and SEBI, the requirement for appointment of proxy was not applicable. The requisite quorum as required under Section 103 of the Act was present throughout the Meeting. Ms. Renuka Ramnath chaired the meeting. The Chairperson informed that the AGM is being held through video conferencing in accordance with the circulars issued by the Ministry of Corporate Affairs and SEBI. She introduced Directors attending the meeting. The requisite quorum being present, the Chairperson called the meeting to order. Statutory Registers under the Act, and other relevant documents as required to be kept open in terms of the resolutions provided in the AGM Notice, were available for inspection by the Members electronically. The Chairperson welcomed all the members, auditors and other invitees who joined the meeting over VC. The Chairperson then made her opening remarks and briefed the members with respect to the transition, business opportunity, and forward priorities. Mr. Atul Jain, Managing Director then updated the members on the Company’s performance during FY 2025-26. He also briefed the members on the growth plans of the Company. The Chairperson informed that the Company had provided members the facility to cast their vote electronically, on all resolutions set forth in the Notice. It was further informed that there would be no voting by show of hands. Ms. Shalaka Koparkar, Company Secretary, informed that since the Auditor’s Report on the Financial Statements (Standalone as well as Consolidated) for the financial year ended March 31, 2026, did not have any qualifications, reservations, observations, adverse remarks or disclaimer, the same was not required to be read. Also, with the consent of the members, the Notice convening the AGM along with text of resolutions and explanatory statements were taken as read. The Company Secretary then informed that the Company had engaged the services of National Securities Depository Limited (NSDL) for dispatching AGM Notice along with Annual Report electronically to the shareholders, hosting this AGM through Video Conferencing facility and providing remote e-voting and e- voting facility at the AGM. The Board of Directors had appointed M/s. Ragini Chokshi & Co., Practicing Company Secretary as the Scrutinizer for scrutinizing the remote e-voting and e-voting at the AGM. Registered Office: DGP House, 5th Floor, 88C, Old Prabhadevi Road, Mumbai 400 025. INDIA. TEL: +91 (22) 66539000 FAX: +91 (22) 66539089, EMAIL: corpcomm@vipbags.com WEB: www.vipbags.com CIN - L25200MH1968PLC013914 The following items of business, as per the Notice convening the AGM were put to vote by Remote e- Voting and e-Voting at the Meeting: Item Details of the Agenda Resolution No. required ORDINARY BUSINESS: 1. Adoption of Ordinary (a) Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon; and (b) Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Report of Auditors thereon. 2. Appointment of a Director in place of Mr. Sridhar Sankararaman (DIN: 06794418), Ordinary Non-Executive, Non-Independent Director, who retires by rotation and being eligible, seeks re-appointment. 3. Ordinary A Appointment of M/s. Deloitte Haskins & Sells Chartered Accountants LLP, Chartered Accountants (Firm Registration No: 117364W/W100739) as the Statutory Auditors of the Company. SPECIAL BUSINESS 4. Approval for waiver of recovery of excess managerial remuneration paid to Ms. Special Radhika Piramal, Former Executive Director for the Financial Year 2025-26 (Upto September 23, 2025) 5. Approval for waiver of recovery of excess managerial remuneration paid to Ms. Special Neetu Kashiramka, Former Managing Director for the Financial Year 2025-26 (Upto September 23, 2025) 6. Approval for waiver of recovery of excess managerial remuneration paid to Mr. Special Ashish Saha, Former Executive Director for the Financial Year 2025-26 (Upto September 23, 2025) 7. Special A Appointment of Ms. Vaishali Shrikant Bhat (DIN: 11385751) as Non- Executive, Independent Director of the Company 8. Special A Appointment of Mr. Sanjay Mahesh Rastogi (DIN: 08376572) as Non- Executive, Independent Director of the Company Ms. Shalaka Koparkar, Company Secretary & Head - Legal invited the members who had registere [Showing first 8,000 characters — download PDF for full document]