Announced Sat, 25 Jul · 18:55 IST
Vedant Fashions reappoints Ravi Modi as CMD for 5 more years, Q1 profit rises
Management Changes View source PDF
MANYAVAR · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹403.15
prior close
₹412.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.9-1.6-1.4-2.2——————————
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AI summary
Vedant Fashions (Manyavar) board reappointed founder and promoter Ravi Modi as Chairman and Managing Director for 5 years from Aug 28, 2026 to Aug 27, 2031, pending shareholder approval. His wife Shilpi Modi was reappointed as Whole-time Director for the same period, and Independent Director Manish Choksi got a second 5-year term. Q1 FY27 revenue rose to INR 3,013.65M from INR 2,811.90M, profit after tax at INR 806.11M from INR 702.57M, EPS at INR 3.32.
Likely market impact
Top leadership continuity with promoter family at helm. Q1 shows year on year revenue and profit growth, broadly positive for stability.