Veritas Reappoints Paresh Merchant as Managing Director

Key Event Details

Shareholders of Veritas (India) Limited at their 41st Annual General Meeting held on Thursday, September 03, 2026 at 11:30 AM through Video Conferencing / Other Audio-Visual Means approved the re-appointment of Mr. Paresh V. Merchant (DIN: 00660027) as Managing Director of the Company.

Appointment Term

The re-appointment is for a term of three (3) years commencing from December 28, 2026.

Director Profile

Mr. Paresh V. Merchant has over 40 years of experience across diverse industries including textiles, real estate, energy, shipbuilding, and heavy engineering. He possesses extensive expertise in business management, strategic planning, and operations. Mr. Merchant is an alumnus of the Indian Institute of Management, Ahmedabad (IIM Ahmedabad) with a background in finance. He is currently serving as the Whole-time Director of Swan Corp Limited and as a Non-Executive Director of Swan Defence and Heavy Industries Limited. He is also associated with various other companies, associations, and committees in different capacities.

Governance and Compliance Details

Mr. Paresh V. Merchant is not related to any Director of the Company. He is not debarred from holding the office of Director by virtue of any Order of the Securities and Exchange Board of India or any other authority.