VIP Industries Limited has informed the Exchange about General Updates
VIPIND · price
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VIP Industries has informed the stock exchanges about the resignation of three directors effective September 23, 2025. Managing Director Ms. Neetu Kashiramka and Executive Director Mr. Ashish Saha both resigned citing the acquisition of the company by Multiples Group. Non-Executive Independent Director Mr. Ramesh Damani resigned for personal reasons and other commitments. All three will also step down from their respective board committee memberships. The resignations follow the earlier intimation dated September 23, 2025, and this filing encloses the detailed resignation letters as required under SEBI listing regulations.
This is a major leadership overhaul linked to the change in control following Multiples Group's acquisition of VIP Industries. Investors should expect significant board reconstitution and potential strategic shifts under the new promoter group, which could affect near-term stock sentiment and company direction.