Please find attached herewith the Change in Directors.
VIPIND · price
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VIP Industries announced multiple board changes effective May 26-27, 2026. Two independent directors resigned - Mr. Tushar Jani (citing pre-occupation and personal commitments) and Ms. Payal Kothari (citing professional commitments). Both confirmed no material reasons for their departure and stepped down from committee positions. Simultaneously, the company appointed Ms. Vaishali Shrikant Bhat (former Global CFO of Reckitt's Hygiene business with 30+ years FMCG experience) and Mr. Sanjay Mahesh Rastogi (Head of New Businesses, Strategy and ESG at Trent Ltd with 30+ years experience) as Additional Non-Executive Independent Directors for 5-year terms, subject to shareholder approval.
The resignations of two independent directors could raise minor concerns about board stability, though the company has immediately filled the vacancies with experienced professionals. The appointments bring strong corporate governance experience, but shareholders will need to approve these appointments at the next general meeting.