Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable

Nature of Filing / Announcement: Intimation under Regulation 30 of SEBI Listing Regulations - Change in Directors

Audit Opinion:

Not Specified

Auditor’s Comment:

Not Specified

Key Financial Highlights:

Not Specified

Corporate Actions:

Not Specified

Director Appointments:

  • Appointment of Ms. Vaishali Shrikant Bhat (DIN: 11385751) as an Additional Non-Executive & Independent Director of the Company with effect from May 27, 2026. Her term is for five consecutive years, subject to approval by the Members of the Company via a Special Resolution. She is not liable to retire by rotation.
  • Appointment of Mr. Sanjay Mahesh Rastogi (DIN: 08376572) as an Additional Non-Executive & Independent Director of the Company with effect from May 27, 2026. His term is for five consecutive years, subject to approval by the Members of the Company via a Special Resolution. He is not liable to retire by rotation.

Director Resignations:

  • Resignation of Mr. Tushar Jani (DIN: 00192621) as Independent Director, effective from the close of business hours on May 26, 2026. The reason cited was pre-occupation and other personal commitments. Consequently, he ceased to be the Chairman of the Audit Committee and Member of the Stakeholders Relationship Committee, Nomination & Remuneration Committee, and Risk Management and Business Responsibility & Sustainability Committee.
  • Resignation of Ms. Payal Kothari (DIN: 09148432) as Independent Director, effective from the close of business hours on May 26, 2026. The reason cited was other professional commitments. Consequently, she ceased to be the Chairperson of the Stakeholders Relationship Committee and Corporate Social Responsibility Committee, and Member of the Allotment Committee.

Both resigning directors provided confirmation that there were no other material reasons for their resignation beyond those stated in their letters.

Compliance:

The intimation is made pursuant to Regulation 30 read with Schedule III Part A Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The company confirmed that the newly appointed directors are not related to any existing director, satisfy the independence criteria under the Companies Act, 2013 and SEBI Listing Regulations, and are not debarred from holding the office of director by any order from SEBI or other authorities.

Other Significant Information:

Brief Profile of New Appointees:

  • Ms. Vaishali Shrikant Bhat: A seasoned CFO/CXO with over three decades of experience across FMCG multinational companies including Procter & Gamble (P&G), Johnson & Johnson (J&J), and Reckitt. She is an Electronics Engineer and MBA. Her most recent corporate role was Global CFO of Reckitt's Hygiene business based in Amsterdam. She possesses expertise in strategic finance, business transformation, and leadership development. She currently runs her own enterprise offering consulting and executive coaching services.
  • Mr. Sanjay Mahesh Rastogi: A seasoned business leader with over three decades of experience in human capital strategy, new business incubation, ESG, and leadership development. He is currently associated with Trent Limited as Head – New Businesses, Strategy, ESG, CSR & Leadership. He has experience incubating and scaling new businesses in consumer segments in India and UAE. He holds a Bachelor of Science degree, Diploma in Computer Applications, and an MBA from Mumbai University. He serves on the boards of various subsidiaries and group entities of Trent Limited.

The Board of Directors placed on record its appreciation for the contributions of the resigning directors, Mr. Tushar Jani and Ms. Payal Kothari.

The intimation was signed by Rahul Poddar, Chief Financial Officer, on May 26, 2026, and has been uploaded to the company's website (www.vipindustries.co.in).