Vardhman Textiles Limited has informed the Exchange regarding Notice of Postal Ballot.
VTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vardhman Textiles Limited has issued a Postal Ballot Notice for shareholders to approve the appointment of two key management personnel. Mrs. Suchita Jain is being appointed as Vice-Chairperson and Managing Director for a 5-year term (April 1, 2026 to March 31, 2031) with basic salary in the range of Rs. 13-18 lakh per month. Mr. Neeraj Jain is being appointed as Managing Director for the same 5-year term with similar remuneration structure. Both resolutions are Ordinary Resolutions requiring simple majority approval. Mrs. Suchita Jain, daughter of Chairman S.P. Oswal and wife of existing Director Sachit Jain, currently serves as Vice-Chairperson and Joint Managing Director with 33+ years of textile industry experience. Mr. Neeraj Jain, a Chartered Accountant and Harvard alumnus, currently serves as Joint Managing Director with 35+ years of experience. Voting period runs from May 27, 2026 to June 25, 2026.
These are routine re-appointments of existing senior management with no change in leadership continuity. Both executives have long tenures and the changes formalize their roles. The promoter family connection (Suchita Jain) represents internal succession rather than external appointment.