Vedant Fashions Limited’s Board of Directors convened on November 05, 2026, approving the re-designation of Mr. Aman Kumar Gupta from Chief Retail Officer to Chief Business Officer, effective November 06, 2026. Additionally, the board sanctioned the grant of 9887 stock options under the VFL Employee Stock Option Scheme 2018 to eligible employees. The meeting also confirmed the details of these grants as per regulatory requirements.
Vedant Fashions Board Approves Key Executive Changes and Employee Incentives
At a meeting held on November 05, 2026, the Board of Directors of Vedant Fashions Limited has made significant decisions concerning leadership and employee incentives. The board approved the re-designation of Mr. Aman Kumar Gupta, who will transition from his role as Chief Retail Officer to the position of Chief Business Officer. This change is effective from November 06, 2026. Mr. Gupta will continue to be recognized as Senior Management, retaining his strategic importance within the company.
The decision to re-designate Mr. Gupta was based on a recommendation from the Nomination and Remuneration Committee. His extensive experience, including approximately 24 years in the apparel and consumer goods sectors across various international markets, makes him a valuable asset in his new capacity. He previously joined Vedant Fashions on November 13, 2025, as Chief Retail Officer.
Grant of Stock Options to Employees
In a move to further incentivize its workforce, the Board also approved the grant of 9887 stock options. These options are part of the VFL Employee Stock Option Scheme 2018 – Scheme Pratham, as amended, and are aligned with the VFL Employee Stock Option Plan 2018. The grant was made upon the recommendation of the Nomination and Remuneration Committee.
The approved stock options cover 9887 equity shares of the Company, each with a face value of ₹1/-. The exercise price for each option is set at ₹505.70/-. The Scheme is designed to be applicable to employees of the Company and its subsidiaries, with eligibility criteria determined at the discretion of the Board or Committee. The vesting schedule for these options includes a minimum vesting period of one year from the grant date, with further vesting occurring over a period of up to four years, divided into ‘Time Options’ and ‘Performance Options’ based on continued employment and individual or company performance.
The meeting of the Board of Directors commenced at 02:50 p.m. and concluded at 04:10 p.m. The information regarding these decisions has been made available on the company’s website, www.vedantfashions.com.
Source: BSE
