Appointment of Director
Awaiting price reaction for this filing.
Veronica Production Limited announced changes to its Board of Directors at a meeting held on 22 January 2026. Mr. Jayesh Laxmanbhai Bhavsar resigned as an Independent Director, citing pre-occupation, with no other material reasons stated. In his place, Mr. Ajay Akhilesh Narayan (DIN: 11498980), a Bachelor of Arts graduate with over 5 years of experience in HR, Admin and Accounts, has been appointed as an Additional Director (Non-Executive Independent Director) for a five-year term. His appointment is subject to approval from regulatory authorities and shareholders at the next Annual General Meeting. The Board also approved the reconstitution of various board committees. The meeting ran from 11:00 AM to 11:50 PM.
This is a routine board-level reshuffle with one independent director exiting and another independent director being appointed, keeping the board's composition broadly unchanged. For shareholders, there is no material change in leadership or strategic direction expected, though the new appointee will need shareholder ratification at the upcoming AGM.