Intimation under Regulation 30 of SEBI (Listing Obligation and Disclosure RequirementRegulations, 2015).
VCL · price
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Awaiting price reaction for this filing.
Vaxtex Cotfab Limited's Board, at its meeting on 4th June 2025, approved the appointment of two Additional Non-Executive and Independent Directors. Mr. Harsh Mahendrakumar Kothari (DIN: 09310696) is a commerce and law graduate with CS executive-level qualification. Mr. Ravi J Modi (DIN: 10932249) is a Fellow Chartered Accountant with over 8 years of experience in accounting, auditing, taxation, and corporate compliance. Both appointments are effective 4th June 2025 and will be regularised for a 5-year term at the upcoming general meeting, subject to shareholder approval. The company confirmed neither appointee is debarred from holding directorship by any SEBI order.
Adding two independent directors strengthens board composition and governance oversight. The mix of legal and financial expertise (CA Ravi Modi) could improve the company's compliance and audit-related functions. This is a routine governance update with no immediate effect on stock price.