VIP Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on March 10, 2026 where they, inter alia, considered and approved appointment of Mr. Rahul Poddar as Chief Financial Officer and Key Managerial Personnel (part of the Senior Management Team) w.e.f March 11, 2026, on the recommendation of the Nomination and Remuneration Committee and Audit Committee.Mr. Manish Desai, has relinquished his position as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company, effective from the close of business of March 10, 2026. Mr. Manish Desai shall continue to be in the employment of the Company pursuant to his new role within the organisation.

VIP Industries' board, at its March 10, 2026 meeting, appointed Mr. Rahul Poddar as the new Chief Financial Officer and Key Managerial Personnel effective March 11, 2026, on the recommendation of the Nomination and Remuneration Committee and Audit Committee. Mr. Poddar is a Chartered Accountant with over 20 years of experience spanning retail, manufacturing, and e-commerce, most recently serving as Group Controller at Reliance Retail Ventures and CFO of Reliance Jewels; he has also held senior finance roles at Titan Company and Alstom Transport India. Mr. Manish Desai relinquished his position as CFO and KMP effective close of business on March 10, 2026, but will continue with the company in a new role. The board also authorized the new CFO to determine materiality of events for stock exchange disclosures.