VIP Industries Limited has informed the Exchange regarding Cessation of Mr. Amit Jatia ((DIN: 00016871) as Non- Executive Director of the company w.e.f. July 23, 2025.
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Mr. Amit Jatia (DIN: 00016871) will cease to be a Non-Executive Independent Director of VIP Industries with effect from the close of business hours on July 23, 2025. His departure is due to the natural completion of his second consecutive 5-year term, which ran from July 24, 2020 to July 23, 2025. As a result, his membership and chairmanship in various board committees will also end. The Board has recorded appreciation for his contributions during his tenure. This is a planned, routine exit and not a resignation or removal.
This is a routine, scheduled exit with no negative implication for shareholders. The company will need to appoint a new Independent Director in due course to maintain compliance with board composition requirements, but no immediate impact on operations or stock price is expected.