StockWatch
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Garments & Apparels
Board Meeting11 May 2026, 06:01 pm

Vashishtha Luxury Fashion Board Approves Related Party Deals

AI Summary

Vashishtha Luxury Fashion Ltd's board approved material related party transactions with Vashishtha Embroideries Private Limited and Anas Embroideries, subject to member approval via postal ballot. The board also approved revisions to the remuneration of Managing Director Ravindra Dhareshivkar and Executive Director Mustak Odiya, also subject to shareholder approval. A postal ballot notice was approved, with a cut-off date of May 8, 2026, and M/s R.B. Tanna & Associates was appointed as scrutinizer for the postal ballot process. National Securities Depository Limited (NSDL) was appointed for providing remote e-voting facility.

Key Highlights

  • Related party transactions with Vashishtha Embroideries and Anas Embroideries approved, pending member approval.
  • Remuneration revisions approved for MD Ravindra Dhareshivkar and ED Mustak Odiya, subject to shareholder approval.
  • Postal ballot approved with cut-off date of May 8, 2026.
  • R.B. Tanna & Associates appointed as scrutinizer for postal ballot.
  • NSDL appointed for remote e-voting facility for the postal ballot.