Vedant Fashions Limited has announced significant board changes following a meeting on September 02, 2026. The company appointed Mr. Nihir Parikh and Ms. Neetu Kashiramka as Non-Executive Independent Directors, both for a term of five years. The Board also approved the reconstitution of its Audit Committee and Nomination & Remuneration Committee, effective from the same date. Additionally, the tenure completion of existing Independent Director Mr. Tarun Puri was noted.
Vedant Fashions Board Updates
Vedant Fashions Limited has made key appointments to its Board of Directors and reconstituted its important committees. These changes were approved during a Board meeting held on Wednesday, September 02, 2026.
New Independent Directors Appointed
The Board has approved the appointment of two individuals as Additional Directors, who will serve as Non-Executive Independent Directors. These appointments are effective from September 02, 2026, and are subject to shareholder approval at the ensuing Annual General Meeting.
Mr. Nihir Parikh Joins the Board
Mr. Nihir Parikh (DIN: 03434395) has been appointed as an Additional Director and designated as a Non-Executive Independent Director. His appointment is for a term of five consecutive years, commencing September 02, 2026, and he is not liable to retire by rotation. Mr. Parikh is a seasoned business leader with extensive experience in consumer technology, e-commerce, and business development, including significant roles at Nykaa and GE Healthcare Life Sciences. He holds an MBA from INSEAD and a Master of Science in Chemical Engineering from Stanford University. Mr. Parikh is not related to any existing directors, key managerial personnel, or promoters of the company and meets the independence criteria.
Ms. Neetu Kashiramka Appointed
Ms. Neetu Kashiramka (DIN: 01741624) has also been appointed as an Additional Director and designated as a Non-Executive Independent Director. Her tenure is for five consecutive years, commencing September 02, 2026, and she is also not liable to retire by rotation, pending shareholder approval. Ms. Kashiramka is a Chartered Accountant with over 28 years of experience in finance, business leadership, and corporate governance, having held senior positions at VIP Industries Limited and Jyothy Laboratories. She is also the Founder of Neetara Advisors and currently serves as an Independent Director and Chairperson of the Audit Committee for companies within the Groww Group. Ms. Kashiramka is not related to any existing directors, key managerial personnel, or promoters and meets the independence criteria.
Board Committee Reconstitution
Consequent to these appointments, the Board has approved the reconstitution of the following committees, effective September 02, 2026:
Audit Committee
The re-constituted Audit Committee will comprise:
- Ms. Neetu Kashiramka (Chairman, Independent Director)
- Mr. Manish Mahendra Choksi (Member, Independent Director)
- Mr. Ravi Modi (Member, Executive Director)
Nomination and Remuneration Committee
The re-constituted Nomination and Remuneration Committee will comprise:
- Mr. Manish Mahendra Choksi (Chairman, Independent Director)
- Mr. Sunish Sharma (Member, Non-Executive Director)
- Mr. Nihir Parikh (Member, Independent Director)
Completion of Tenure
The company also noted the completion of tenure for Independent Director Mr. Tarun Puri (DIN: 02117623) on September 05, 2026 (closing business hours). The Board and Management expressed their sincere appreciation for Mr. Puri’s contributions during his tenure.
Annual General Meeting and Dividend
The 24th Annual General Meeting (AGM) of the Company for the Financial Year 2025-26 is scheduled to be held on Monday, September 28, 2026, at 3:00 P.M. IST, through Video Conferencing/other Audio-Visual means. The cut-off date for voting rights is Monday, September 21, 2026. The record date for determining entitlement for the Final Dividend for the Financial Year ended March 31, 2026, is also set for Monday, September 21, 2026. The dividend, if approved at the AGM, will be paid on or after Tuesday, September 29, 2026.
The meeting of the Board of Directors commenced at 08:00 p.m. and concluded at 08:40 p.m. The information is available on the company’s website at www.vedantfashions.com.
Source: BSE
