VIP Clothing Limited, in its Board Meeting held on May 18, 2026, has approved the issuance of 2,12,00,000 convertible warrants on a preferential basis to Promoters and Non-Promoters at an issue price of Rs. 22.50 per warrant. The aggregate consideration for this issuance stands at Rs. 47,70,00,000. Each warrant is convertible into one fully paid-up equity share within 18 months from the date of allotment, with 25% of the issue price payable upfront and the balance 75% on the exercise of the conversion option. The company has also scheduled an Extraordinary General Meeting (EGM) on June 11, 2026, to seek shareholder approval for this preferential issue.

VIP Clothing Limited, established in 1991 and headquartered in Mumbai, is a prominent Indian intimate apparel company specializing in the manufacturing, marketing, and distribution of men’s and women’s innerwear and socks. The company manages a diverse brand portfolio, including VIP, Frenchie, Frenchie X, Feelings, Leader, Brat, and Rivolta. Operating primarily in the hosiery segment, the company follows an integrated business model encompassing design, in-house manufacturing, and extensive multi-channel distribution, reaching over 110,000 retailers in India. In 2025, the company reintroduced the “Frenchie X” brand, aiming to modernize its product offerings. Furthermore, the company has focused on strategic initiatives such as premiumization, category expansion, and improving its D2C presence to enhance long-term growth and competitiveness.

VIP Clothing Limited reported revenue from operations of ₹236.89 crore in FY25, marking an increase from ₹183.28 crore in FY24. The company also reported a net profit (PAT) of ₹5.46 crore in FY25, representing a turnaround from a loss of ₹12.65 crore in the previous year. While the company has a base of retail and institutional investors, there are no specific “famous” individual investors frequently highlighted in major public disclosures for the company. However, the current preferential issue involves multiple investors, including both promoters and non-promoters, aimed at strengthening the company’s financial structure.