VIP Industries Company Secretary Ashitosh Sheth Resigns Effective May 04, 2026

VIP Industries Limited has intimated the stock exchanges of a key managerial change, disclosing the resignation of Mr. Ashitosh Sheth from his roles as Company Secretary, Compliance Officer (Key Managerial Personnel), and Nodal Officer of the company. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Details of the Resignation

The resignation was formally communicated to the Board of Directors on February 3, 2026, with Mr. Sheth requesting relief from his responsibilities effective the close of business hours on May 04, 2026. The company confirmed that the resignation was tendered to pursue an alternate career opportunity outside the organisation, and that there are no other material reasons beyond those stated.

The following table summarises the key details as disclosed under Regulation 30 of the SEBI Listing Regulations:

Parameter:	Details
Name:	Ashitosh Sheth
Position(s) Held:	Company Secretary, Compliance Officer (KMP), and Nodal Officer
Reason for Change:	Resignation to pursue alternate career opportunity outside the organisation
Effective Date of Resignation:	May 04, 2026
Material Reasons (Other):	None

Impact on Key Managerial Personnel Status

Subsequent to his resignation as Company Secretary, Mr. Sheth has ceased to be a Key Managerial Personnel under Regulation 30(5) of the SEBI Listing Regulations. This cessation applies for the purpose of determining the materiality of an event or information and for making disclosures to the stock exchanges under the said regulation.

Replacement Process Underway

VIP Industries has stated that it is in the process of identifying and hiring a suitable candidate for the position of Company Secretary, Compliance Officer, and Nodal Officer. The company has committed to informing the stock exchanges once the vacancy is filled. The intimation to the exchanges was signed by Rahul Poddar, Chief Financial Officer of VIP Industries Limited, on May 04, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.68%	+1.83%	-5.23%	-26.15%	-6.99%	-10.78%

VIP Industries has formally announced the appointment of Alok Pathak as Chief Sales Officer, effective April 28, 2026. The appointment was approved by the Board of Directors through a Board Circular Resolution based on recommendations from the Nomination and Remuneration Committee.

Official Appointment Details

The company has notified stock exchanges BSE and NSE about this key leadership appointment under Regulation 30 of SEBI Listing Regulations. The appointment makes Pathak part of the Senior Management Team on a full-time employment basis.

Appointment Details:	Information
Position:	Chief Sales Officer
Effective Date:	April 28, 2026
Employment Type:	Full Time
Board Approval:	April 28, 2026

Professional Qualifications and Experience

Pathak brings nearly three decades of extensive experience as a senior sales and business leader to VIP Industries. His educational background includes a Post Graduate Diploma in Business Management from Centre for Management Development, Modinagar, and a Bachelor's degree in Electronics & Telecommunication Engineering from Amravati University, Maharashtra.

Industry Expertise

The new Chief Sales Officer possesses deep expertise across multiple areas critical to VIP Industries' growth strategy:

Core Competencies:	Details
Sales Leadership:	Consumer electronics and retail transformation
Go-to-Market Strategy:	Revenue acceleration and market expansion
Channel Management:	Distribution and channel development
Business Transformation:	Operational excellence and strategic initiatives

Previous Professional Experience

Pathak's career spans major organizations in the consumer electronics and retail sectors. His previous associations include Samsung India Electronics, Reliance Digital, LG Electronics India Limited, National Panasonic India Limited, IFB Industries India Limited, and Systronics India, where he demonstrated strong track records in sales leadership, channel development, and business transformation.

Strategic Impact

This appointment represents VIP Industries' commitment to strengthening its sales operations with proven industry expertise. Pathak's extensive background in consumer electronics and retail transformation is expected to drive the company's sales initiatives and enhance its competitive position in the luggage and travel accessories market.