Vedant Fashions Ltd

Vedant Fashions Limited announced the reappointment of Mr. Ravi Modi as Chairman and Managing Director for a further term of five years, commencing August 28, 2026, up to August 27, 2031. This reappointment is subject to shareholder approval at the upcoming Annual General Meeting. The Board also approved the unaudited financial results for the quarter ended June 30, 2026. Additionally, Mrs. Shilpi Modi was reappointed as Whole-time Director and Mr. Manish Mahendra Choksi as Non-Executive Independent Director, both for five-year terms, also pending shareholder approval.

Vedant Fashions Limited announced that its Board of Directors, in a meeting held on July 25, 2026, approved the reappointment of Mrs. Shilpi Modi as Whole-Time Director. This reappointment is for a further term of five years, commencing August 28, 2026, and is subject to shareholder approval at the upcoming Annual General Meeting. Mrs. Modi confirmed she meets all eligibility criteria and is not disqualified from holding the directorship. The board also approved the Unaudited Financial Results for the quarter ended June 30, 2026, and re-appointed Mr. Ravi Modi as Chairman and Managing Director.

Vedant Fashions Limited announced the reappointment of Mr. Manish Mahendra Choksi as a Non-Executive Independent Director for a second term of five years, commencing September 6, 2026, and concluding September 5, 2031. This reappointment is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Choksi meets independence criteria and is not disqualified from holding the office. The board also approved the Unaudited Financial Results for the quarter ended June 30, 2026, and re-appointed Mr. Ravi Modi as Chairman and Managing Director, and Mrs. Shilpi Modi as Whole-time Director.

Vedant Fashions Limited's Board of Directors has approved the unaudited financial results for the quarter ended June 30, 2026. The meeting, held on July 25, 2026, also saw the re-appointment of key management personnel. Mr. Ravi Modi was re-appointed as Chairman and Managing Director for a five-year term starting August 28, 2026. Mrs. Shilpi Modi was re-appointed as Whole-time Director for the same period. Additionally, Mr. Manish Mahendra Choksi was re-appointed as a Non-Executive Independent Director for a five-year term commencing September 06, 2026. All re-appointments are subject to shareholder approval at the upcoming Annual General Meeting. The company also confirmed that the statutory auditors, M/s B S R & Co. LLP, have issued their Limited Review Report.

Vedant Fashions Limited announced that its Board of Directors, in a meeting held on July 25, 2026, approved the re-appointment of Mrs. Shilpi Modi as a Whole-time Director. This re-appointment is for a term of five consecutive years, commencing from August 28, 2026, up to August 27, 2031, subject to shareholder approval at the upcoming Annual General Meeting. Mrs. Modi has confirmed she is not disqualified from holding the directorship. 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 Mr. Manish Mahendra Choksi as Non-Executive Independent Director.

Vedant Fashions Limited announced that its Board of Directors has approved the reappointment of Mr. Ravi Modi as Chairman & Managing Director for a further term of five years, commencing August 28, 2026, up to August 27, 2031. This reappointment is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Modi has confirmed he is not disqualified from holding the directorship. The board also approved the Unaudited Financial Results for the quarter ended June 30, 2026, and the reappointment of Mrs. Shilpi Modi as Whole-time Director and Mr. Manish Mahendra Choksi as Non-Executive Independent Director.

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.

Vedant Fashions (Manyavar) opened FY27 with standalone revenue from operations of ₹301.4 Cr, up 7.2% YoY from ₹281.2 Cr, and net profit of ₹80.6 Cr, up 14.7% from ₹70.3 Cr a year ago — profit outgrowing the topline as margins widened. Operating margin (EBITDA/sales) rose to 43.5% from 42.9% YoY, and net margin (on total income) improved to 24.3% from 22.9%. The sequential drop — revenue −24.6% and PAT −29.5% versus Q4's ₹399.4 Cr / ₹114.3 Cr — is pure seasonality, not deterioration: the Jan–Mar wedding quarter is the company's structural peak and the Apr–Jun quarter its softest, so the YoY line is the one that matters here. The print sits squarely inside management's own May-concall framing: growth led by same-store sales (ASP-led) and stable gross margins as GST effects normalise, with disciplined network expansion. Single-digit revenue growth is consistent with that cautious, quality-over-quantity stance rather than a re-acceleration, while the margin uptick supports the "stable-to-firm gross margin" guidance. Cost lines held: raw material + accessories + stock-in-trade purchases and employee cost all tracked flat-to-lower against a modestly higher topline, and other income of ₹29.7 Cr (up 15% YoY) added to the beat on profit. There are no exceptional items on either side, so reported and underlying growth are the same. Alongside the results, the Board handled succession housekeeping — re-appointing founder Ravi Modi as Chairman & MD and Shilpi Modi as Whole-time Director for five-year terms from Aug 2026, and independent director Manish Choksi for a second term — and this follows the passing of director Abanti Mitra on Jul 14 and a committee reconstitution. None of these bear on the operating numbers. No formal revenue/margin guidance is given by the company beyond the qualitative concall outlook, and no brokerage consensus for the June quarter surfaced, so the result is best read against the year-ago base: steady mid-single-digit topline with margin-led double-digit profit growth. The earnings call is scheduled for July 27.

Vedant Fashions Limited announced the outcome of its Board Meeting held on July 17, 2026. The Board approved the reconstitution of key committees, including the Audit Committee, Risk Management Committee, Stakeholders' Relationship Committee, and Corporate Social Responsibility Committee. The changes are effective from July 17, 2026. The meeting commenced at 05:15 p.m. and concluded at 05:33 p.m. The company has also made this information available on its website.

Vedant Fashions Limited announced the reconstitution of its Board Committees, effective July 17, 2026. The changes impact the Audit Committee, Risk Management Committee, Stakeholders' Relationship Committee, and Corporate Social Responsibility Committee. Key management personnel like Ravi Modi and Manish Mahendra Choksi have been assigned new roles across these committees, including Chairperson positions. The board meeting where these decisions were made commenced at 05:15 p.m. and concluded at 05:33 p.m. The company will make this information available on its website.