5078802025-07-132025-07-135078802025-07-135078802025-07-132025-07-13PartiesOfTheAgreementDomain15078802025-07-13PartiesOfTheAgreementDomain15078802025-07-132025-07-13PartiesOfTheAgreementDomain25078802025-07-13PartiesOfTheAgreementDomain25078802025-07-132025-07-13PartiesOfTheAgreementDomain35078802025-07-13PartiesOfTheAgreementDomain35078802025-07-132025-07-13PartiesOfTheAgreementDomain45078802025-07-13PartiesOfTheAgreementDomain45078802025-07-132025-07-13PartiesOfTheAgreementDomain55078802025-07-13PartiesOfTheAgreementDomain55078802025-07-132025-07-13PartiesOfTheAgreementDomain65078802025-07-13PartiesOfTheAgreementDomain65078802025-07-132025-07-13PartiesOfTheAgreementDomain75078802025-07-13PartiesOfTheAgreementDomain75078802025-07-132025-07-13PartiesOfTheAgreementDomain85078802025-07-13PartiesOfTheAgreementDomain85078802025-07-132025-07-13PartiesOfTheAgreementDomain95078802025-07-13PartiesOfTheAgreementDomain95078802025-07-132025-07-13PartiesOfTheAgreementDomain105078802025-07-13PartiesOfTheAgreementDomain105078802025-07-132025-07-13PartiesOfTheAgreementDomain115078802025-07-13PartiesOfTheAgreementDomain115078802025-07-132025-07-13PartiesOfTheAgreementDomain125078802025-07-13PartiesOfTheAgreementDomain12xbrli:pureVIP INDUSTRIES LIMITEDVIPINDNewAgreements entered into has an impact on the management or control of the listed entity or impose any restriction or create any liability upon the listed entityExecution of agreementPromoters of the listed entity,Promoter Group entities of the listed entity,Third Partyfalse2015-07-1320:15:00false2025-07-13Entities forming part of the promoter group of the Company, viz. DGP Securities Limited, Kemp and Company Limited, Piramal Vibhuti Investments Limited, Alcon Finance and Investment Limited, Kiddy Plast Limited (collectively, "Sellers"), DGP Enterprises Private Limited (collectively with the Sellers, “Promoter Group Entities”) and Mr. Dilip Piramal, along with certain purchasers of shares of the Company to be sold by the Sellers ("Purchasers") have entered into the shareholders' agreement ("SHA") dated July 13, 2025. The SHA governs the inter-se rights between the said shareholders of the Company, including provisions for certain ‘vote-along’ covenants and transfer restrictions placed on the shares of the Company held by such shareholders. 2025-07-13falseThe SHA has not been executed by the Company.Pursuant to the terms of the SHA and the SPA, certain Purchasers will acquire management and control of the Company.12Kemp and Company LimitedParty entering into the agreementNot applicabletruePromoter GroupDGP Securities LimitedParty entering into the agreementNot applicabletruePromoter GroupPiramal Vibhuti Investments LimitedParty entering into the agreementNot applicabletruePromoter GroupAlcon Finance and Investments LimitedParty entering into the agreementNot applicabletruePromoter GroupKiddy Plast LimitedParty entering into the agreementNot applicabletruePromoter GroupDGP Enterprises Private LimitedParty entering into the agreementNot applicabletruePromoter GroupMr. Dilip PiramalParty entering into the agreementNot applicabletruePromoterMultiples Private Equity Fund IV, acting through its investment manager, Multiples Alternate Asset Management Private LimitedParty entering into the agreementNot applicablefalseThird PartyMultiples Private Equity GIFT Fund IV, acting through its investment manager, Multiples Asset Management IFSC LLPParty entering into the agreementNot applicablefalseThird PartySamvibhag Securities Private LimitedParty entering into the agreementNot applicablefalseThird PartyMithun Padam SachetiParty entering into the agreementNot applicablefalseThird PartySiddhartha SachetiParty entering into the agreementNot applicablefalseThird Partyfalse2025-07-13The Promoter Group Entities, Mr. Dilip Piramal and the Purchasers have entered into the SHA which governs the inter-se rights between the said shareholders of the Company, including provisions for certain ‘vote-along’ covenants and transfer restrictions placed on the shares of the Company held by such shareholders.The SHA contains provisions relating to the management and governance of the Company and certain transfer restrictions on the Promoter Group Entities and Mr. Dilip Piramal (“DGP”), brief details of which are set out below: (i) On and from the effective date of the SHA: (a) the Purchasers shall be entitled to nominate the majority of directors to the Board of the Company; and (b) DGP shall have the right to recommend to the nomination and remuneration committee of the Company, eligible candidates for appointment of 1 independent director or nominate his wife or 1 of his lineal descendants for appointment as 1 non-independent non-executive director; (ii) Each member of the Promoter Group Entities and DGP have a vote along obligation with the Purchasers in respect of all matters brought before the shareholders of the Company, except a few matters in relation to which Promoter Group Entities and DGP will be entitled to vote at their discretion; (iii) Promoter Group Entities and DGP shall have a tag along right in the even the Purchasers propose to sell any securities held by them to a third party through a negotiated trade pursuant to which the third party would be obliged to make a mandatory open offer; (iv) Purchasers shall have a right of first offer followed by a right of first refusal in the event the Promoter Entities and DGP intend to sell their securities to any third party; (v) Promoter Group Entities and DGP shall undertake non-solicitation obligation for an identified period as per the SHA. The Sellers have entered into the share purchase agreement dated July 13, 2025 ("SPA") with the Purchasers for the sale by the Sellers to the Purchasers of up to 4,54,46,305 equity shares held by the Sellers in the Company, constituting approximately 32% of the total paid-up share capital of the Company. The SPA contains customary representations and warranties being provided by the Sellers. The Closing of the SPA is subject to, inter-alia, the Purchasers receiving an approval from the Competition Commission of India. Pursuant to the terms of the SHA and SPA and upon fulfilment of the conditions precedent contained in the SPA, certain Purchasers will acquire control of the Company and such Purchasers would accordingly be required to make an open-offer for the purchase of additional 26% of the expanded voting share capital of the Company.falseNot applicable