Vedant Fashions Limited’s Board of Directors convened on September 2, 2026, approving key strategic decisions. The company appointed Mr. Nihir Parikh and Ms. Neetu Kashiramka as Additional Directors, designated as Non-Executive Independent Directors for a term of five years. The board also approved the final dividend for the financial year ended March 31, 2026, with a record date of September 21, 2026. The 24th Annual General Meeting is scheduled for September 28, 2026.
Board Approves Key Appointments and Dividend
Vedant Fashions Limited announced significant outcomes from its Board of Directors meeting held on September 2, 2026. The board approved the appointment of two new Additional Directors, who will serve as Non-Executive Independent Directors. These appointments are subject to shareholder approval at the upcoming Annual General Meeting.
Appointment of Mr. Nihir Parikh
Mr. Nihir Parikh (DIN: 03434395) has been appointed as an Additional Director, designated as Non-Executive Independent Director. His appointment is effective from September 2, 2026, for a term of five consecutive years, and he is not liable to retire by rotation. Mr. Parikh brings extensive professional experience in consumer technology, e-commerce, and fashion, including his previous role as CEO of Nykaa Fashion and NykaaMan. He holds an MBA from INSEAD and a Master of Science in Chemical Engineering from Stanford University. He is not related to any of the company’s directors, key managerial personnel, or promoters.
Appointment of Ms. Neetu Kashiramka
Ms. Neetu Kashiramka (DIN: 01741624) has also been appointed as an Additional Director, designated as Non-Executive Independent Director. Her appointment, effective from September 2, 2026, is for a term of five consecutive years and 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, with a strong background in the FMCG and consumer sectors. She previously held senior leadership positions at VIP Industries Limited and served as Founder of Neetara Advisors. She is not related to any of the company’s directors, key managerial personnel, or promoters.
Director Tenure Completion
The board also noted the completion of tenure for Mr. Tarun Puri (DIN: 02117623), Independent Director, on September 5, 2026. The Board of Directors expressed their sincere appreciation for Mr. Puri’s contributions during his tenure.
Reconstitution of Board Committees
Following these appointments and the completion of Mr. Puri’s tenure, the board has approved the reconstitution of its committees. Effective September 2, 2026:
- Audit Committee: Ms. Neetu Kashiramka will serve as Chairperson, with Mr. Manish Mahendra Choksi and Mr. Ravi Modi as members.
- Nomination and Remuneration Committee: Mr. Manish Mahendra Choksi will serve as Chairman, with Mr. Sunish Sharma and Mr. Nihir Parikh as members.
Annual General Meeting and Dividend Declaration
The 24th Annual General Meeting (AGM) of the company for the Financial Year 2025-26 will 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.
Furthermore, pursuant to Regulation 42 of the Listing Regulations, the record date for determining entitlement for the payment of Final Dividend for the Financial Year ended March 31, 2026, has been set as 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 discussed and approved during the meeting is available on the company’s website.
Source: BSE
