Section A – KMP Resignation Details

  • Name of Resigning KMP: Ms. Radha Unni
  • Designation: Chairperson and Independent Director
  • Reason for Resignation: Retirement upon completion of her second and final term as Independent Director of the Company
  • Effective Date of Resignation: End of the day on September 26, 2026
  • Date of Resignation Letter: Not Specified
  • Duration in Role: Not Specified
  • Board’s Acknowledgment / Statement: Not Specified
  • Replacement Appointed: Mr. Mithun K Chittilappilly appointed as new Chairperson
  • Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 as amended
  • Delay in Disclosure: Not Specified

Consequently, Ms. Radha Unni shall cease to be chairperson/member of Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee and Risk & ESG Committee.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: Mr. Mithun K Chittilappilly, Managing Director, will additionally assume office as Chairperson of the Board w.e.f. September 27, 2026
  • Successor Appointments: Mr. Mithun K Chittilappilly appointed as Chairperson of the Board. Brief profile: Mr. Mithun K Chittilappilly is the Managing Director of V-Guard Industries Ltd since April 2012. He is a graduate in Commerce and MBA (Finance & Marketing) from University of Melbourne, Australia. Before joining V-Guard, he worked for S B Billimoria & Co (now part of the Deloitte Group) and Hewlett Packard at their Global e-Business Centre. He joined V-Guard in April 2004 and was appointed as Executive Director in May 2006. He drove the market expansion beyond South India and consistently increased the footprint to other parts of the country, thereby driving a pan-India presence. He was also instrumental in expanding the product portfolio with forays into kitchen appliances, modular switches, switchgear, solar inverter, air coolers. Under his leadership the Company's revenue & market capitalization has increased multifold. He has been instrumental in unveiling a new brand identity of the Company and increasing the manufacturing footprint in various product categories.

Section C – Financial & Governance Disclosures

Not Specified

Additional Information

  • Date of Disclosure: September 26, 2026
  • Compliance Officer: Vikas Kumar Tak, Company Secretary & Compliance Officer (Membership No. FCS 6618)