VST Industries has appointed Piyush Srivastava as Managing Director and CEO, effective March 2, 2026, for a 5-year term, pending shareholder approval. The board also recommended Price Waterhouse Chartered Accountants LLP as the new statutory auditors, replacing BSR & Associates, upon completion of their term at the upcoming Annual General Meeting. Financial results for Q3 2025 show total revenue from operations at ₹49,185 lakhs.
Leadership Appointment
Piyush Srivastava has been appointed as an Additional Director and the Managing Director & CEO of VST Industries. The appointment, effective March 2, 2026, is for a term of 5 years and is subject to shareholder approval via postal ballot. Srivastava, aged 51, brings over 25 years of experience across FMCG and Alco-Beverage sectors, including leadership roles at Pernod Ricard and PepsiCo.
Auditor Recommendation
The Board has recommended the appointment of Price Waterhouse Chartered Accountants LLP as the new statutory auditors for a term of five consecutive years. This recommendation will be put to a vote before the shareholders at the upcoming Annual General Meeting. They will replace the current auditors, BSR & Associates LLP, who are completing their second five-year term.
Q3 2025 Financial Highlights
The unaudited financial results for the quarter ended December 31, 2025 (Q3 2025), show the following key figures:
- Total Revenue from Operations: ₹49,185 lakhs
- Profit Before Tax: ₹8,109 lakhs (including gain of ₹10,049 lakhs on sale of property).
- Profit After Tax: ₹6,023 lakhs
- Earnings per Share: ₹3.55
For the nine-month period ended December 31, 2025, the company reported a profit after tax of ₹17,557 lakhs, compared to ₹23,740 lakhs in the prior year period.
Source: BSE
