Resignation Letter of CFO in continuation to Announcement Submitted by company dated 08 July 2025.
Awaiting price reaction for this filing.
Mrs. Sonali Parab has resigned as Chief Financial Officer of Vadilal Dairy International Ltd with effect from July 8, 2025, citing pre-occupation as the reason. The company is now submitting her actual resignation letter to BSE after accidentally omitting it from the original disclosure filed on July 8, 2025; BSE had flagged this discrepancy and asked the company to explain the delay beyond the 7-day SEBI-mandated submission window. In the same board meeting on July 8, 2025, the company appointed Mr. Umesh Rupareliya as the new CFO — he is a Commerce graduate from Mumbai University with over 35 years of experience in accounting and finance. The transition was handled in a single board meeting, and the company has apologized for the procedural lapse while confirming there are no other material reasons behind the exit.
This is a routine KMP change with an immediate replacement already in place, so there is no disruption to financial oversight. The delayed attachment of the resignation letter is a minor compliance hiccup but unlikely to materially affect shareholders or the stock price.