The intimation of resignation of Mrs. Ayesha K. Dadyburjor and Mr. Kaizad R. Dadyburjor are attached herewith.
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Virat Industries Ltd has informed BSE that two directors — Mrs. Ayesha K. Dadyburjor (Whole-Time Director) and Mr. Kaizad R. Dadyburjor (Non-Executive Director) — have resigned effective close of business hours on 22nd May, 2025. Both resignations were filed to comply with the precondition for reclassifying their shareholding status from 'promoter' to 'public' under applicable SEBI regulations. The Dadyburjor family members were stepping down from the board as part of this reclassification process, not due to any governance issues or disagreements. Managing Director Adi F. Madan continues to lead the company. No replacement appointments have been announced in this filing.
This is a procedural board restructuring rather than a negative event — the outgoing directors are moving from promoter to public category, which may slightly change promoter shareholding disclosure but is unlikely to materially affect operations or stock price. Investors should watch for any subsequent announcements regarding promoter holding reclassification approval from stock exchanges.