Please find the attached disclosure for change in Management
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Awaiting price reaction for this filing.
V R Woodart Limited (Scrip Code: 523888) announced a major board overhaul on October 15, 2025. The company appointed four new directors: Mrs. Minal Patil as Whole-Time Director & Chairperson, Ms. Maddukuri Mounika as Whole-Time Director, Mrs. Madhura Singh and Mr. Manish Jhanwar as Independent Directors, all for a 5-year term pending shareholder approval. Notably, Mrs. Minal Patil and Ms. Maddukuri Mounika are being re-classified as Promoters following the completion of their Open Offer, indicating a change in control of the company. Additionally, CFO Mr. Sudesh Pingale resigned effective end of business on October 14, 2025, and Mr. Suhas Deore was appointed as the new CFO effective October 15, 2025. The appointment of a new Chairperson along with promoter reclassification suggests the new owners are taking full operational control of the company.
This is a significant control change event — a new promoter group has completed an Open Offer and is now installing its leadership across the board, including the Chairperson and CFO roles. Existing shareholders should expect changes in business direction and strategy. The stock may see elevated volatility due to the change in control, and investors should watch for further disclosures about the new promoters' plans.