StockWatch
·
Speciality Retail
Corporate Governance25 Jul 2026, 07:00 pm

Vedant Fashions Reappoints Manish Choksi as Independent Director

AI Summary

Vedant Fashions Limited announced that its Board of Directors, in a meeting held on July 25, 2026, approved the re-appointment of Mr. Manish Mahendra Choksi as a Non-Executive Independent Director for a second term of five years, commencing September 6, 2026. The board also approved the unaudited financial results for the quarter ended June 30, 2026, and the re-appointment of Mr. Ravi Modi as Chairman and Managing Director, and Mrs. Shilpi Modi as Whole-time Director, subject to shareholder approval. Mr. Choksi meets independence criteria and is not disqualified from his role.

Key Highlights

  • Mr. Manish Mahendra Choksi re-appointed as Non-Executive Independent Director.
  • Second term for Mr. Choksi is for five years, starting September 6, 2026.
  • Board also approved Q1 FY27 unaudited financial results.
  • Re-appointments of Ravi Modi and Shilpi Modi also approved.
  • All re-appointments are subject to shareholder approval.