VIP Industries Limited has informed the Exchange that the Board its meeting held today, i.e., Friday, September 18, 2026, has, inter alia, approved the proposal for raising funds for an aggregate amount not exceeding ₹ 500 crores (Rupees Five Hundred Crores) during FY 2026-27, in one or more tranches. The funds may be raised through the issuance of equity shares having a face value of ₹ 2 each and/or debt securities, convertible securities, depository receipts (ADR/GDR), FCCBs, warrants, preference shares or other eligible securities or any other financial instrument (hereinafter referred to as Securities ). VIP is back on the growth path after several quarters; the proposed fund raise will further accelerate Company s ongoing growth initiatives, funding of working capital and enhancing capabilities that will support long-term value creation. These investments aim to reinforce the company's market leadership and position it to capture emerging growth opportunities in the luggage and travel ecosystem.The proposed fund raising may be undertaken through one or more permissible modes, including but not limited to a public issue, rights issue, qualified institutions placement, debt issue, preferential issue or any other permissible mode and/or combination thereof as may be permitted under applicable laws, subject to receipt of such statutory, regulatory, shareholders', stock exchange, and other approvals, permissions, and sanctions as may be required.