Vandan Foods has appointed Ankitkumar Surendrakumar Agrawal as an Additional Non-Executive Independent Director, effective August 06, 2026. The Board of Directors approved the appointment at a meeting held on August 06, 2026, following a recommendation from the Nomination and Remuneration Committee. The appointment strengthens the company’s governance framework by adding expertise in corporate secretarial and compliance functions to the board.

The appointment is subject to the approval of the Members of the Company. Mr. Agrawal’s first term will last for five consecutive years, concluding on August 05, 2031. The Board confirmed that Mr. Agrawal is not related to any existing Directors, Key Managerial Personnel, or Promoters of the company. Additionally, the company affirmed that he is not debarred from holding the office of Director by SEBI or any other statutory authority, in compliance with the Stock Exchanges’ circular dated June 20, 2018.

Appointment Details

Regulatory Compliance

The intimation was issued pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also adheres to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The detailed disclosure regarding the appointment was enclosed as Annexure – A in the filing submitted to the Department of Corporate Services – CRD at BSE Limited.

Candidate Profile

Mr. Ankitkumar Surendrakumar Agrawal brings over eight years of professional experience in corporate secretarial and compliance functions. He is a qualified Company Secretary and an Associate Member of the Institute of Company Secretaries of India (ICSI), holding Membership No. ACS 53150. He holds a Master of Business Administration (MBA) and a Bachelor of Business Administration (BBA).

His expertise includes Corporate Laws, Securities Laws, statutory filings and disclosures, board and committee management, and liaison with statutory and regulatory authorities. Currently, he serves as Company Secretary with a listed company in the renewable energy sector. Previously, he held Company Secretary roles at Camrola Quartz Limited and Rama Gum Industries (India) Limited, gaining experience across manufacturing and industrial sectors. His background in securities laws and regulatory compliance is expected to contribute significantly to the Board’s deliberations.

Vandan Foods has accepted the resignation of Manish Shrichand Bachani from his position as Independent Director, effective with immediate effect till the close of business hours on July 24, 2026. The Ahmedabad-based food processing company disclosed the change in board composition to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bachani’s departure is attributed to other professional commitments and resulting time constraints that limit his ability to fulfill director duties.

The intimation was issued by Managing Director Rakeshkumar Rameshbhai Patel on July 24, 2026. In his resignation letter, Bachani confirmed that there are no other material reasons for his exit beyond the stated professional commitments. He emphasized that stepping down was necessary to uphold high standards of corporate governance given his limited availability. The Board acknowledged receipt of the resignation and initiated statutory notifications to stock exchanges.

Bachani continues to hold directorships in four other listed entities, maintaining active roles in key board committees across these organizations. His current portfolio includes positions in Scarnose International Limited, Bridge Securities Limited, Svarnim Trade Udyog Limited, and Dipna Pharmachem Limited. At Add-Shop E-Retail Limited, he also serves as a director, though specific committee memberships were not detailed in the filing.

Current Directorships of Resigning Director

Governance Implications

The loss of an independent director requires Vandan Foods to ensure continued compliance with SEBI listing regulations regarding board composition. Independent directors play a critical role in audit, nomination, and stakeholder relationship committees. With Bachani’s exit, the company must assess whether its remaining independent directors can adequately cover these mandatory committee requirements or if a replacement appointment is needed to maintain regulatory compliance. The filing did not specify any immediate plans for appointing a successor.