Please find enclosed herewith Notice of Postal Ballot.
VTL · price
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Vardhman Textiles Ltd is seeking shareholder approval via postal ballot for two key appointments. Mrs. Suchita Jain is proposed to be appointed as Vice-Chairperson and Managing Director for 5 years (April 2026 to March 2031), with a monthly basic salary of Rs 13-18 lakhs plus perquisites and performance incentives. Mr. Neeraj Jain is proposed as Managing Director for the same term with identical compensation. Both were previously in Joint Managing Director roles. Mrs. Jain, who holds a Masters in Commerce and has 33+ years in textiles, is related to the promoter family including Mr. S.P. Oswal (father) and Mr. Sachit Jain (husband). Mr. Jain is a Chartered Accountant and Harvard alumnus with 35+ years of experience in finance and yarn business. Both appointments require Ordinary Resolution approval via remote e-voting by June 25, 2026.
Shareholders should note this represents a management succession within the promoter family. Both executives have long tenure and are being elevated from Joint Managing Director roles. The voting outcome will determine the leadership structure for the next 5 years. No governance red flags are present.