Outcome of Board meeting dated 11th May, 2026- Vashishtha Luxury Fashion Limited
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 8.1 pts more than Nifty Microcap 250 and 7.6 pts more than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors approved material related party transactions with two entities: Vashishtha Embroideries Private Limited (material subsidiary) and Anas Embroideries (sole proprietorship of Promoter Mrs. Archana Odiya). Both transactions require shareholder approval via postal ballot. The Board also approved revision in remuneration terms for Managing Director Mr. Ravindra Dhareshivkar and Executive Director Mr. Mustak Odiya, subject to shareholder approval. A postal ballot notice has been issued with cut-off date 08.05.2026, with NSDL providing remote e-voting facility and R.B. Tanna & Associates appointed as scrutinizer.
Related party transactions with promoter entities may attract shareholder scrutiny; remuneration revisions for directors could marginally impact operational costs. No direct impact on stock price expected unless shareholders reject the proposals.