Intimation regarding change in authorization as per sub regulation (5) of regulation 30 of SEBI (LODR) Regulations, 2015
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Awaiting price reaction for this filing.
Vishal Fabrics Ltd's Board of Directors approved the appointment of Mr. Dilipkumar Gajanand Nikhare as the new Company Secretary and Compliance Officer, designated as a Key Managerial Personnel, effective from 11th July 2025. He is a qualified Company Secretary (Membership A45570) with over 8 years of experience in secretarial, legal, and SEBI listing compliance, having previously worked at listed companies such as Asian Granito India Ltd and Terce Laboratories Ltd. He holds Law and Commerce degrees, holds no shares in the company, and is not related to any Director, KMP, or Promoter. The appointment was made on the recommendation of the Nomination and Remuneration Committee. The filing also updates the company's list of authorized persons for material event disclosures under Regulation 30(5).
This is a routine KMP appointment with no governance red flags — the new Company Secretary is an external professional hire with relevant listed-company compliance experience. No material impact on stock price is expected from this change.