Vedant Fashions Limited shareholders approved a final dividend of ₹7.75 per equity share and the reappointment of Ravi Modi as Chairman and Managing Director during the company's 24th Annual General Meeting (AGM).

The meeting was held virtually through Video Conferencing and Other Audio Visual Means on Monday, September 28, 2026. All resolutions set out in the notice were passed with the requisite majority, ensuring continuity in leadership and shareholder returns.

Key resolutions passed

The AGM addressed both ordinary and special business items, focusing on financial approvals and board composition. The following table summarizes the key decisions taken by the members:

Leadership continuity and board changes

The approval of Item 4 secures Ravi Modi’s role as Chairman and Managing Director for another five-year term, signaling stability in the company’s strategic direction. Similarly, Shilpi Modi was reappointed as a Whole-time Director for a five-year term under Item 5, reinforcing the promoter family’s active involvement in day-to-day operations.

The board composition saw updates with the appointment of two new Non-Executive Independent Directors: Nihir Parikh and Neetu Kashiramka. Both appointments are for a term of five years and required special resolutions. Additionally, Manish Mahendra Choksi was reappointed for a second five-year term as a Non-Executive Independent Director.

Meeting proceedings and voting details

The AGM commenced at 3:00 pm IST and concluded at 3:36 pm IST. Navin Pareek, Company Secretary and Compliance Officer, managed the proceedings and confirmed that the requisite quorum was present. The meeting included an address by Ravi Modi, who apprised members of the company’s financial performance, brand initiatives, and future growth prospects.

Voting was conducted electronically via KFin Technologies Limited. The remote e-voting window opened on Friday, September 25, 2026, at 9:00 am IST and closed on Sunday, September 27, 2026, at 5:00 pm IST. Members who did not vote remotely could cast their votes during the meeting using the Insta Poll facility. Voting rights were determined based on shareholding as of the cut-off date, Monday, September 21, 2026.

The scrutinizer’s report and consolidated voting results will be submitted to stock exchanges separately in accordance with SEBI regulations.

Vedant Fashions Limited has received an independent ESG rating of Crisil ESG 61 and a Core ESG rating of Crisil Core ESG 70 from CRISIL ESG Ratings & Analytics Limited. The assignment was made on September 22, 2026.

The rating provider, which is registered with the Securities and Exchange Board of India (SEBI), prepared the report voluntarily. It relied solely on information available in the public domain. The company did not engage CRISIL ESG for this specific rating exercise.

Disclosure details

The intimation was filed with both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Navin Pareek, Company Secretary and Compliance Officer, signed the disclosure.

The full report is accessible via the website of CRISIL ESG Ratings & Analytics Limited. This disclosure ensures transparency regarding the company's environmental, social, and governance standing as assessed by an external agency.