VIP Clothing is considering a securities issue for fund-raising, as discussed at their May 18th board meeting. Shareholders might be asked to approve this move via an Extraordinary General Meeting or postal vote, with the trading window currently closed.

VIP Clothing Ltd has lost an upfront sum of INR 12.8 crore due to the expiration of convertible warrants, as their holders failed to convert them within the given 18-month period. This event does not affect the company's current paid-up equity share capital.