VIP Industries Limited has informed the Exchange regarding Cessation of Mr Ashitosh Sheth as Company Secretary & Compliance Officer & Key Managerial Personnel of the company w.e.f. May 04, 2026.
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Mr. Ashitosh Sheth has tendered his resignation from the position of Company Secretary, Compliance Officer (Key Managerial Personnel), and Nodal Officer of VIP Industries Limited, effective May 4, 2026. The resignation is to pursue alternate career opportunities outside the organisation. The company has stated there are no material reasons for the resignation other than those mentioned. VIP Industries is currently in the process of identifying and hiring a suitable replacement for the vacant position and will inform stock exchanges once the vacancy is filled.
The resignation of a Key Managerial Personnel (KMP) creates a compliance gap that needs to be filled promptly to ensure regulatory requirements are met. Until a replacement is appointed, the company may need to assign these responsibilities to another officer, which could have minor operational implications.