
Management Change2 Sept 2026, 09:01 pm
Vedant Fashions Appoints Two Independent Directors, One Completes Tenure
AI Summary
Vedant Fashions Limited announced board meeting outcomes including the appointment of Mr. Nihir Parikh and Ms. Neetu Kashiramka as Additional Directors, designated as Non-Executive Independent Directors for a term of five years, subject to shareholder approval. Both directors meet independence criteria and are not related to existing management or promoters. The company also noted the completion of Mr. Tarun Puri's tenure as Independent Director on September 5, 2026. Consequently, the board committees will be reconstituted with the new directors joining the Audit Committee and Nomination & Remuneration Committee.
Key Highlights
- Two new Non-Executive Independent Directors appointed for five-year terms.
- Existing Independent Director, Mr. Tarun Puri, completes his tenure.
- Board committees to be reconstituted following director changes.
- Appointments are subject to shareholder approval at the upcoming AGM.
Price Impact