VST Industries Limited announced the resignation of Mr. Sanjay Wali from his roles as Director and Whole-time Director, effective from the start of March 2, 2026. The resignation was tendered for personal reasons. Following his departure from the Board, Mr. Wali will continue to serve the company as a special advisor to the Managing Director for a mutually agreed period. He is also stepping down from the Stakeholders Relationship, CSR, and Risk Management Committees.
Confirmation of Director Resignation
VST Industries Limited has officially informed the exchanges regarding a key change in its directorship. Mr. Sanjay Wali (DIN: 10868596), serving as the Whole-time Director of the Company, has tendered his resignation. This resignation is effective from the beginning of March 2, 2026, citing personal reasons as the cause for the change.
Committee Implications
Consequent to his resignation from the Board, Mr. Wali will simultaneously step down from his memberships across several key oversight bodies within the organization. These committees include the Stakeholders Relationship Committee, the CSR Committee, and the Risk Management Committee.
Board Acceptance and New Role
The Board of Directors formally accepted and noted the resignation through a resolution approved by majority circulation on March 2, 2026. Furthermore, the Board approved the continuation of Mr. Wali’s association with the management team in a different capacity. He will transition to serve as a special advisor to the Managing Director for a period to be mutually agreed upon by Mr. Wali and the Company. Mr. Wali confirmed in his resignation letter dated March 1, 2026, that there are no material reasons for his departure beyond those stated.
Acknowledgement and Transition Support
Mr. Wali expressed sincere appreciation to the Board members, management team, and employees for their support during his tenure. He further confirmed his willingness to assist the Company during the necessary transition period following his stepping down as a Director and Whole-time Director.
Source: BSE
