Kemp Company Limited Enters Rs. 40.71 Crore Property Purchase Agreement with VIP Industries

Kemp Company Limited has entered into a binding agreement to purchase VIP House property at Prabhadevi, Mumbai from VIP Industries Limited for Rs. 40.71 crore. The transaction constitutes a material related party transaction as Kemp Company is part of VIP Industries' promoter group, holding 0.23% equity stake, and requires shareholder approval.

Kemp & Company Seeks Shareholder Approval for Rs 40.71 Crore Property Purchase from VIP Industries

Kemp & Company Limited has issued a postal ballot notice seeking shareholder approval for purchasing VIP House property at Prabhadevi, Mumbai from related party VIP Industries Limited for Rs 40.71 crore. The e-voting period runs from November 16 to December 15, 2025, with the transaction requiring approval as it exceeds the company's materiality threshold for related party transactions.

Kemp Company Limited Announces Postal Ballot for Material Related Party Transaction with VIP Industries

Kemp Company Limited's Board of Directors has approved a draft notice for a postal ballot to seek shareholder consent for a material related party transaction with VIP Industries Limited. The transaction involves the purchase of an immovable property named VIP House at Prabhadevi, Mumbai. Shareholders will vote through a special resolution via postal ballot process. The cut-off date for voting eligibility is November 10, 2025, with shareholders registered on this date entitled to vote. M/s. Ragini Chokshi Co., Practicing Company Secretaries, has been appointed as the scrutinizer for the postal ballot process. The Board resolution was passed on November 7, 2025, with the postal ballot notice to be sent on November 10, 2025, and voting ending on December 15, 2025.

Kemp Company Reports Loss and Approves Material Related Party Transaction with VIP Industries

Kemp Company Limited reported a net loss of Rs 7.95 lakhs for the quarter ended September 30, 2025, compared to a loss of Rs 4.70 lakhs in the same period last year. For the half-year period, the company's loss widened to Rs 5.96 lakhs from Rs 2.65 lakhs previously. Revenue from operations declined to Rs 70.09 lakhs in the quarter from Rs 75.68 lakhs year-over-year. The company operates in two segments - Trading Activity and Real Estate. The Board approved unaudited financial results and a draft notice for postal ballot seeking shareholder consent for a material related party transaction with VIP Industries Limited for purchasing an immovable property named VIP House at Prabhadevi, Mumbai. The company's paid-up equity share capital stands at Rs 108.02 lakhs with face value of Rs 10 per share.

Kemp Company Reports Loss of Rs 7.95 Lakhs in Q2 Results

Kemp Company Limited reported a net loss of Rs 7.95 lakhs for the quarter ended September 30, 2025, compared to a loss of Rs 4.70 lakhs in the same period last year. Revenue from operations decreased to Rs 74.03 lakhs from Rs 75.68 lakhs year-over-year. For the half-year period, the company's loss widened to Rs 5.96 lakhs versus Rs 2.65 lakhs in the previous year, while revenue declined to Rs 142.12 lakhs from Rs 146.58 lakhs. The company operates in two segments - Trading Activity and Real Estate. Real Estate segment revenue was Rs 52.47 lakhs for the quarter, while Trading Activity generated Rs 15.32 lakhs. The Board of Directors approved these unaudited financial results at a meeting held on November 7, 2025.