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| Exchange Received Time 12/11/2018 15:12:15 Exchange Disseminated Time 12/11/2018 15:12:21 Time Taken 00:00:06 | VIP Clothing Limited, had issued and allotted 1,65,19,304 Rights Equity Shares with a face value of Rs.2/- each for cash at a price of Rs.26/-(issue price) per Rights Equity Shares including a share premium of Rs.24/- per Rights Equity Shares aggregating upto Rs.42,95,01,904/- to the eligible equity shareholders of our company on a Rights basis on the record date i.e. November 20, 2017 (issue date).
As required under Regulation 32 of the SEBI (Listing obligation and Disclosure Requirements) Regulations, 2015, we hereby confirm that there has been no deviation or variations in the utilization of issue proceeds and entire fund raised from the said issue has been fully utilized for the object stated in the letter of offer for Rights Issue.
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