Intimation cum Outcome of Board Meeting held on 22nd January 2026
Awaiting price reaction for this filing.
The Board of Directors of Veronica Production Ltd held a meeting on 22 January 2026. Mr. Jayesh Laxmanbhai Bhavsar resigned from the post of Independent Director effective the same day, citing personal pre-occupation, and confirmed there are no other material reasons for his exit. To fill the vacancy, Mr. Ajay Akhilesh Narayan was appointed as an Additional Non-Executive Independent Director for a five-year term, subject to shareholder approval at the next AGM. The Board also approved the reconstitution of various board committees. The meeting ran from 11:00 AM to 11:50 PM.
Routine one-for-one swap at the Independent Director level with no stated governance concerns; operations and share price are unlikely to be materially affected, though shareholder approval will be sought at the next AGM for the new appointment.