Intimation about Cessation of Senior Management Personnel
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.7 pts more than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Dipex Modi has resigned from the position of Manager (Accounts), classified as Senior Management Personnel (SMP) at Vishal Fabrics Limited, effective March 23, 2026 (end of working hours). The reason given is his transition to a new role within the Chiripal Group, the company's promoter group, rather than a full exit. The intimation has been filed with BSE under SEBI Listing Regulations, and the requisite disclosure has been enclosed as Annexure A. Managing Director Brijmohan Chiripal has signed and submitted the filing. No replacement appointment has been announced in this disclosure.
Likely a neutral, low-impact event for shareholders — the outgoing person is moving to another role inside the same promoter group, not leaving the ecosystem, so continuity within the Chiripal Group is maintained. Investors may watch for a timely replacement to ensure no disruption in the accounts function.