V/P30thJuly, 2019

BSE LimitedPhiroze Jeejeebhoy Towers,Dalal St, Kala Ghoda, Fort,Mumbai - 400001

National Stock Exchange of India Ltd.Exchange Plaza, 5th Floor,Plot No. Cl1,G Block,Bandra Kurla Complex,Bandra (East), Mumbai - 400 051.NSE Code - VIPINDBSECode No. 507880

Sub: Proceedings of 52nd Annual General Meeting ('AGM')

Dear Sir I Madam,

Further to our letter dated 7thMay, 2019, we wish to inform that the 52nd Annual GeneralMeeting ('AGM') of V.I.P. Industries Limited (the Company) was held today i.e. 30thJuly,2019 at Ravindra Natya Mandir, 3rd Floor, P. L. Deshpande Maharashtra Kala Academy,Near Siddhivinayak Temple, Sayani Road, Prabhadevi, Mumbai - 400 025 and thebusiness mentioned in the Notice dated 7thMay, 2019were transacted.

In this regard, please find enclosed herewith summary of proceedings as required underRegulation 30, Part-A of Schedule - III of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, marked as 'Annexure - I'.

Please also note that the Members of the Company have approved payment of finaldividend of Rs. 2 per equity share of face value of Rs. 2/- each.

Please take the above on record and disseminate the same for the information ofinvestors.

Thanking you.

Yours faithfully,

Fliin:ustries UnitedAnand DagaCompany Secretary & Head - Legal

Encl.: As above

VIP INDUSTRIES LIMITEDRegisteredOffice: DGPHouse,5th Floor, 88C,Old PrabhadeviRoad,Mumbai 400025. INDIA

TEL:+91(22) 6653 9000 FAX:+91(22) 6653 9089 EMAIL:investor-help@vipbags.comWEB:vipindustries.co.inCIN - L25200MH1968PLC0l3914

VfPAnnexure- I

Summary of proceedings of the 52nd Annual General Meeting

The 52nd Annual General Meeting (AGM) of the Members of V.I.P. Industries Limited('the Company') was held on Tuesday, 30th July, 2019, at 3:00 p.m. at Ravindra NatyaMandir, 3rd Floor, P. L. Deshpande Maharashtra Kala Academy, Near SiddhivinayakTemple, Sayani Road, Prabhadevi, Mumbai - 400 025.

The following Directors were present:

a) Mr. Dilip G. Piramal, Chairman (Non Executive)

b) Ms. Radhika Piramal, Executive Vice Chairperson

c) Mr. Sudip Ghose, Managing Director

d) Mr. D. K. Poddar, Chairman of the Audit Committee

e) Mr. Amit Jatia, Chairman of the Stakeholder Relationship Committee

f) Mr. Ramesh Damani, Non Executive Independent Director,

In Attendance:

a) Mr. Jogendra Sethi, Chief Financial Officer

b) Mr. Anand Daga, Company Secretary & Head Legal

Invitees:Ms. Sarah George - Partner, Price Waterhouse, Chartered Accountants, StatutoryAuditors

Mr. Dilip G. Piramal chaired the meeting. He introduced the Directors, Chief FinancialOfficer and the Company Secretary on the dais. The Chairman welcomed the membersto the 52nd Annual General Meeting of the Company. The requisite quorum beingpresent, the Chairman called the meeting to order.

The Chairman informed the members that Register of Directors and DirectorsShareholding, Proxy Register and other required documents are open for inspection bythe members.

The Auditors' Report had no qualifications, observations or comments on the financialstatements, therefore, with the permission of Members, the Auditors' Report was takenas read along with the notice of Annual General Meeting.

V/PThe Chairman delivered his speech and then informed that the Company had providedthe facility to the members to cast their vote electronically from Saturday, 27th July, 2019(9:00 a.m.) to Monday, 29th July, 2019 (5:00 p.m.), on all resolutions set forth in theNotice. Members who were present at the AGM and had not cast their voteselectronically were provided an opportunity to cast their votes at the end of the meetingby Ballotpaper.

The following items of business, as per the Notice of AGM dated 7th May, 2019 weretransacted at the meeting:

1. Adoption of Audited Financial Statements of the Company on standalone andconsolidated basis for the financial year ended 315tMarch, 2019 together with theReports of the Board of Directors and the Auditors thereon;

2. Confirmation of payment of interim dividend on equity shares for the financial year2018-19;

3. Declaration of final dividend on equity shares for the financial year 2018-19;

4. Re-appointment of Ms. Radhika Piramal (DIN: 02105221), who retires by rotationand being eligible, seeks re-appointment;

5. Appointment of Mr. Tushar [ani (DIN 00192621) as Non- Executive IndependentDirector of the Company for a period of 5 (five)years w.e.f. 7thMay, 2019 to 6thMay,2024;

6. Appointment of Mr. Ramesh S. Damani (DIN 00304347) as Non- ExecutiveIndependent Director of the Company for a period of 5 (five) years w.e.f, 7thMay,2019 to 6thMay, 2024.

Clarifications were provided to the queries raised by the members. The Board ofDirectors had appointed M/ s. Ragini Chokshi & Co., Practicing Company Secretary asthe Scrutinizer to scrutinise the voting and remote e-voting process in a fair andtransparent manner.

The Chairman informed the members that the results of e-voting and Ballot voting alongwith the consolidated Scrutinizer Report shall be disseminated to the respective stockexchanges and also be uploaded on the website of the Company www.vipindustries.co.inand CDSL(www.evotingindia.com). the agency providing e-voting facility.

The Ballot process commenced thereafter and was concluded in due course.

After the members cast their votes, the Meeting concluded at 03:40 p.m.