Vedant Fashions Limited announced the re-appointment of key personnel at its 24th Annual General Meeting. Mr. Ravi Modi has been re-appointed as Chairman and Managing Director for a five-year term, and Mrs. Shilpi Modi as Whole-time Director for a similar period. Additionally, Mrs. Shilpi Modi has been re-appointed as a Director liable to retire by rotation. The company also confirmed the re-appointment of Mr. Manish Mahendra Choksi as a Non-Executive Independent Director for a second five-year term, and appointed Mr. Nihir Parikh and Ms. Neetu Kashiramka as Non-Executive Independent Directors for five-year terms.
Board Leadership Appointments
At its 24th Annual General Meeting, Vedant Fashions Limited has approved the re-appointment of several key members to its board, reinforcing its leadership for the upcoming years. These appointments are crucial for the company’s continued growth and strategic direction.
Executive Re-appointments
Mr. Ravi Modi, who currently serves as Chairman and Managing Director, has been re-appointed for a further term of 5 years, effective from August 28, 2026, to August 27, 2031. His remuneration is set at a maximum of ₹36 million per annum. Simultaneously, Mrs. Shilpi Modi has been re-appointed as Whole-time Director for a period of 5 years, commencing August 28, 2026, to August 27, 2031. Her maximum annual remuneration is fixed at ₹24 million. Both are subject to retirement by rotation.
Independent Director Appointments and Re-appointments
The company has also secured the re-appointment of Mr. Manish Mahendra Choksi as a Non-Executive Independent Director for a second term of 5 years, from September 06, 2026, to September 05, 2031. His office will not be liable to retire by rotation.
Furthermore, Mr. Nihir Parikh has been appointed as a Non-Executive Independent Director for a term of 5 years, effective from September 02, 2026, to September 01, 2031. His role will not be subject to retirement by rotation. Similarly, Ms. Neetu Kashiramka has been appointed as a Non-Executive Independent Director for a term of 5 years, also commencing September 02, 2026, and concluding on September 01, 2031, and will not be liable to retire by rotation.
The appointments of Mr. Parikh and Ms. Kashiramka are in line with the requirement for at least half of the Board to comprise independent directors.
Dividend Declaration
In addition to board appointments, the members approved the declaration of a final dividend of ₹7.75/- per fully paid-up equity share of ₹1/- each for the financial year ended March 31, 2026.
Source: BSE
