
Management Change20 Jul 2026, 07:50 pm
Viram Suvarn Reappoints MD and Independent Director
AI Summary
Viram Suvarn Ltd announced that its Board of Directors, in a meeting held on July 20, 2026, approved the re-appointment of Mr. Mahendra Ramniklal Shah as Managing Director for a further term of five years, effective August 10, 2026, to August 9, 2031. The board also approved the re-appointment of Mr. Sanjay Chunilal Vibhakar as an Independent Director for a second term of five years, ending June 20, 2031. Both re-appointments are subject to shareholder approval. Mr. Shah has over 30 years of experience in the jewellery industry, focusing on procurement and supply chain management. The meeting commenced at 2:00 PM IST and concluded at 4:30 PM IST.
Key Highlights
- Mahendra Ramniklal Shah re-appointed as MD for 5 years.
- Sanjay Chunilal Vibhakar re-appointed as Independent Director for 5 years.
- Both appointments are subject to shareholder approval.
- Re-appointments effective from August 10, 2026, and June 20, 2031, respectively.
- Mr. Shah has 30+ years of experience in the jewellery sector.
Price Impact
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