Board approves director changes and slump sale of 5 business units

Valencia Nutrition board on Sep 3 approved 2 new director appointments (Kamdar as Executive Director, Jain as Non-Executive Director) and noted resignation of P Desai for personal reasons. Board also approved slump sale of 5 business units — Canned Beverages, Snacks and Bakery, POS Solutions, Nutraceuticals and Consumer Products — to newly formed related-party subsidiaries where VNL holds 75 percent and MD Manish Turakhia holds 25 percent. Material related party deals needing majority of minority approval at AGM on Sep 29. Main objects clause expanded to include agriculture, IT and AI/ML businesses.