Vedant Fashions Limited

Vedant Fashions Limited announced several board changes in a regulatory filing on September 2, 2026. Nihir Parikh, formerly CEO of Nykaa Fashion and NykaaMan, and Neetu Kashiramka, previously Managing Director and CFO of VIP Industries and founder of Neetara Advisors, were appointed as Additional Independent Directors, effective immediately and subject to shareholder approval at the next Annual General Meeting. Parikh brings expertise in consumer internet and digital commerce, while Kashiramka specializes in corporate finance and strategy. The appointments follow the completion of Tarun Puri’s term as an Independent Director, effective September 5, 2026. The filing complies with SEBI regulations, including Regulation 30 of the Listing Regulations, and reflects the company’s commitment to corporate governance.

Vedant Fashions Limited announced the appointments of Nihir Parikh and Neetu Kashiramka as Additional Independent Directors, effective September 2, 2026, subject to shareholder approval at the next Annual General Meeting. Parikh, formerly CEO of Nykaa Fashion and NykaaMan, brings extensive experience in consumer technology and e-commerce, while Kashiramka, founder of Neetara Advisors and previously Managing Director & CFO of VIP Industries, offers expertise in finance and corporate governance. The appointments were recommended by the company’s Nomination and Remuneration Committee, and Kashiramka will also serve on the Audit Committee. Simultaneously, Vedant Fashions Limited confirmed the end of Tarun Puri’s tenure as a director on September 5, 2026, marking the completion of his term. Neither new director has any existing relationships with Vedant Fashions Limited’s leadership and are not restricted from holding directorships by regulatory authorities.

Vedant Fashions Limited announced September 2, 2026, the appointments of Nihir Parikh and Neetu Kashiramka as Additional Independent Directors, both effective immediately and subject to shareholder approval at the next Annual General Meeting. Parikh, formerly CEO of Nykaa Fashion and NykaaMan, brings extensive experience in consumer technology and e-commerce, while Kashiramka, a Chartered Accountant and former Managing Director & CFO of VIP Industries Limited, possesses expertise in finance and corporate governance. The appointments were recommended by the company’s Nomination and Remuneration Committee, and Kashiramka is expected to join the Audit Committee. Concurrently, Vedant Fashions confirmed the end of Tarun Puri’s tenure on September 5, 2026, and noted that neither new director is related to existing company leadership or debarred by regulatory authorities.

Vedant Fashions Limited announced the appointments of Nihir Parikh and Neetu Kashiramka as Additional Independent Directors, effective September 2, 2026, pending shareholder approval at the next Annual General Meeting. Parikh brings extensive experience in consumer technology and e-commerce, previously serving as CEO of Nykaa Fashion and NykaaMan, while Kashiramka, a Chartered Accountant, has held leadership roles at VIP Industries and Jyothy Laboratories. The appointments were recommended by the company’s Nomination and Remuneration Committee, and neither new director has any existing relationships with Vedant Fashions’ leadership. Concurrently, Vedant Fashions confirmed the end of Tarun Puri’s tenure as a director on September 5, 2026, marking the completion of his term.

Vedant Fashions Limited announced the appointments of Nihir Parikh and Neetu Kashiramka as Additional Independent Directors, effective September 2, 2026, pending shareholder approval at the next Annual General Meeting. Parikh, formerly CEO of Nykaa Fashion and NykaaMan, brings extensive experience in consumer technology and e-commerce, while Kashiramka, a Chartered Accountant and founder of Neetara Advisors, has held leadership roles at VIP Industries and Jyothy Laboratories. The appointments follow a recommendation from the company’s Nomination and Remuneration Committee, and neither new director has any existing relationships with Vedant Fashions’ leadership. Concurrently, the term of Tarun Puri concludes on September 5, 2026.

Vedant Fashions Limited announced the appointments of Nihir Parikh and Neetu Kashiramka as Independent Directors, effective September 2, 2026, with terms of five years subject to shareholder approval at the next Annual General Meeting. Parikh, previously CEO of Nykaa Fashion and NykaaMan, brings extensive experience in consumer technology and e-commerce, while Kashiramka, formerly Managing Director and CFO of VIP Industries Limited, offers expertise in finance and corporate governance. The company also confirmed the cessation of tenure for Independent Director Tarun Puri, concluding his term on September 5, 2026. Both new directors are not related to existing leadership and are not debarred from holding director positions, bolstering the company’s board with diverse skill sets.

Vedant Fashions Limited announced the appointments of Nihir Parikh and Neetu Kashiramka as Additional Independent Directors, effective September 2, 2026, subject to shareholder approval at the next Annual General Meeting. Parikh, formerly CEO of Nykaa Fashion and NykaaMan, brings extensive experience in consumer technology and e-commerce, while Kashiramka, founder of Neetara Advisors, has over 28 years in finance and corporate governance, including previous roles at VIP Industries and Jyothy Laboratories. The appointments were recommended by the company’s Nomination and Remuneration Committee, while the tenure of Tarun Puri will end on September 5, 2026. Neither new director has any existing relationships with Vedant Fashions personnel and are not debarred from holding a director’s position, with the announcement made in compliance with SEBI regulations.

Vedant Fashions Limited announced September 2, 2026, the appointments of Nihir Parikh and Neetu Kashiramka as Additional Independent Directors, both effective immediately and subject to shareholder approval at the next Annual General Meeting. Parikh, whose Director Identification Number is 03434395, brings extensive experience in consumer technology and e-commerce, previously serving as CEO of Nykaa Fashion and NykaaMan. Kashiramka, DIN 01741624, is a Chartered Accountant with over 28 years in finance and corporate governance, formerly Managing Director and CFO of VIP Industries Limited. The company also announced the cessation of Tarun Puri’s tenure as a director, concluding September 5, 2026, due to the completion of his term. The appointments and departure comply with SEBI regulations, specifically Regulation 30 of the Listing Regulations.

During Q1 FY27, retail sales across channels grew by 3.4% YoY to 4,195 units as compared with Q1 FY26. VFL has recorded domestic SSSG (same-store sales growth) of 3.8% in Q1 FY27 over Q1 FY26. Total expenses for the period under review added up to Rs 225.5 crore, up 5.1% YoY. This was due to higher stock-in-trade purchases (up 40.9% YoY), higher raw material costs (up 13.1% YoY) and higher depreciation charges (up 6% YoY). While EBITDA rose by 10.8% to Rs 134.5 crore, EBITDA margin expanded by 140 basis points YoY to 44.6% in the June 2026 quarter. Profit before tax in Q1 FY27 stood at Rs 105 crore, up by _ % from Rs 92.5 crore in Q1 FY26. Vedant Fashions is primarily engaged in manufacturing, trading and selling readymade ethnic wear for men, women and kids primarily in India under the brand names Manyavar, Mohey, Mebaz, Twamev and Manthan. The scrip rose 0.72% to currently trade at Rs 406.30 on the BSE. Powered by Capital Market - Live

Net profit of Vedant Fashions rose 14.73% to Rs 80.61 crore in the quarter ended June 2026 as against Rs 70.26 crore during the previous quarter ended June 2025. Sales rose 7.18% to Rs 301.37 crore in the quarter ended June 2026 as against Rs 281.19 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales301.37281.19 7 OPM %43.4642.89 - PBDT147.73132.29 12 PBT105.5392.51 14 NP80.6170.26 15 Powered by Capital Market - Live