VIVVIP Infratech544219EGM notice

EGM on 18 November 2026 to consider 72,04,200 convertible warrants at Rs. 137 each

01st Extra-Ordinary General Meeting of VVIP Infratech for FY 2026-27 on Wednesday, 18th November, 2026 at 03:00 P.M., through video conferencing.

By ScoutQuest · Sat 24 Oct 2026, 2:51 PM IST · 2 min read

Warrants to be issued

up to 72,04,200 warrants convertible into equity shares

Issue price per warrant

₹137/- per warrant; total up to ₹98,69,75,400/-

Payment terms

25% payable upfront, 75% on exercise within 18 months

An extra-ordinary meeting, with one main item

VVIP Infratech has convened its 01st Extra-Ordinary General Meeting for FY 2026-27 on Wednesday, 18th November, 2026 at 03:00 P.M., to be held through video conferencing / other audio-visual means, without members being physically present at a common venue. Remote e-voting runs from 15th November, 2026 at 09:00 AM to 17th November, 2026 at 05:00 PM, and the cut-off date for deciding who can vote is 11th November, 2026.

What shareholders will vote on

• The item is a special resolution for a preferential issue of up to 72,04,200 warrants convertible into equity shares.
• Allottees are persons belonging to the promoter and non-promoter group. Three promoter names take 20,68,200 warrants each (Vibhor Tyagi, Vaibhav Tyagi and Suman Tyagi), with the balance going to non-promoter allottees.
• Each warrant is priced at ₹137/-, aggregating up to ₹98,69,75,400/- for the full 72,04,200 warrants.
• Each warrant can be converted into an equity share of face value ₹10/-. The relevant date for computing the minimum issue price is fixed as Monday, October 19, 2026.

How the money comes in

• 25% of the issue price is payable upfront at the time of subscription to the warrants.
• The remaining 75% is payable when the warrant holder exercises the option.
• Warrants must be exercised within 18 months from allotment. If they are not, they lapse and the amount already paid stands forfeited by the company.
• Until they are exercised and converted, the warrants carry none of the rights of an equity shareholder.

What this means for a small shareholder

• The equity share capital can rise if the warrants are exercised, so existing holdings would then represent a smaller slice of the company. This is the usual effect of a preferential allotment.
• The full amount is not received at one go. Only the 25% subscription money comes at allotment; the 75% balance depends on the holders choosing to convert within the window.
• If the holders do not convert, they lose what they have already paid, which stays with the company.
• The warrants, and the shares issued on exercise, are subject to lock-in for the period specified under Chapter V of the SEBI ICDR Regulations.
• No shareholder approval is being sought again for later changes to the terms of the issue; the Board has been authorised to modify terms within the regulations.

How to take part

• Members can join the video meeting and vote during the meeting, or cast votes earlier through remote e-voting.
• Institutional and corporate members attending through video conferencing need to send a scanned Board Resolution authorising their representatives to the scrutiniser.
• Results of the e-voting are to be declared within two working days of the conclusion of the meeting and placed on the company and e-voting provider websites, and communicated to the stock exchanges.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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