Vedant Fashions Independent Director Abanti Mitra passes away

Vedant Fashions Limited announced the cessation of Ms. Abanti Mitra as an Independent Director due to her demise on July 13, 2026. The disclosure was made under Regulation 30 of the Listing Regulations. Mitra held the DIN 02305893.

The company confirmed that the vacancy arose specifically due to the death of the Woman Independent Director. No further details regarding the cause of death or immediate succession plans were provided in the filing.

Other Directorships

Ms. Abanti Mitra held significant positions in other listed entities. At the time of her cessation, she was associated with Spandana Sphoorty Financial Limited.

Entity	Category	Board Committees
Spandana Sphoorty Financial Limited	Chairperson of the Board & Non-Executive Independent Director	1. Member of the Audit Committee 2. Member of the Asset-Liability Management Committee

The information was signed by Navin Pareek on behalf of Vedant Fashions Limited on July 14, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.37%	+0.84%	-3.64%	-17.31%	-49.41%	-56.92%

Vedant Fashions Limited approved the grant of 24,237 stock options to eligible employees under the VFL Employee Stock Option Scheme 2018 – Scheme Pratham. The board set the exercise price at ₹412.60 per option during its meeting held on June 25, 2026. Additionally, the company re-appointed M/s. Grant Thornton Bharat LLP as the internal auditor for the financial year 2026-27.

The grant follows a recommendation from the Nomination & Remuneration Committee. The options are convertible into 24,237 equity shares with a face value of ₹1 each. The scheme is compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Vesting and Exercise Details

The options have a minimum vesting period of one year from the date of grant. The exercise period extends to 10 years from the grant date. The vesting schedule for Time Options is structured as follows:

33% on the second anniversary of the Grant Date
33% on the third anniversary of the Grant Date
34% on the fourth anniversary of the Grant Date

Performance Options will vest based on individual and company performance ratings. The maximum number of options granted to any single employee cannot exceed 1% of the fully diluted total share capital at the time of the grant.

Key Meeting Outcomes

Agenda Item	Details
Meeting Date	June 25, 2026
Stock Options Granted	24,237
Exercise Price	₹412.60 per option
Internal Auditor	M/s. Grant Thornton Bharat LLP
Scheme Name	VFL Employee Stock Option Scheme 2018 – Scheme Pratham

The meeting was convened pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Navin Pareek, Company Secretary & Compliance Officer, submitted the intimation to the exchanges.