BSEVadilal Dairy International LtdMediumNeutral
Announced Mon, 1 Sept · 17:57 IST

Reappointment of Directors and secretarial Auditor subject to Approval of members at the ensuing Annual General Meeting

Promoter Family Board EntryManagement Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The board of Vadilal Dairy International, at its meeting on September 1, 2025, approved convening the 38th AGM on September 25, 2025 via video conferencing, along with book closure (September 19–25) and e-voting (September 22–24). It re-appointed Mr. Shailesh Gandhi as Managing Director and Mr. Rahil Gandhi (his son) as Whole Time Director, both for five years from August 26, 2025, subject to shareholder approval. Mr. Mahesh Kelkar was re-appointed as Non-Executive Independent Director for five years from December 25, 2025. Additionally, Mr. Suhas Ganpule of M/s SG & Associates was appointed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) and as scrutinizer for the AGM.

Likely market impact

This is largely routine governance business with no major strategic shift — existing directors are being re-appointed and a new secretarial auditor appointed, all pending shareholder vote at the upcoming AGM. No material change in management control or operations is signalled.