Change in Designation of Mr. Siva Prasad Panguluri from Vice President, Finance to appointment as the Chief Financial Officer of the Company.
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Vega Jewellers Limited announced that Mr. Siva Prasad Panguluri has been appointed as the Chief Financial Officer (CFO) of the company with effect from November 6, 2025. This is a change in designation, as he was previously serving as Vice President of Finance within the company. The appointment was approved by the Board based on the recommendation of the Nomination and Remuneration Committee and with approval from the Audit Committee. He will also serve as a Key Managerial Personnel under Section 203 of the Companies Act, 2013. Mr. Panguluri is a Chartered Accountant and Chartered Financial Analyst (Level I) with over 17 years of experience in finance, accounting, treasury, taxation, and strategic finance across multiple industries.
This is a routine internal promotion and does not signal any governance concern. It brings continuity and stability to the finance leadership of Vega Jewellers, though it has no material impact on the stock price.