Vipul Limited has appointed Mr. Dipesh Jasvantlal Shah and Mr. Sunil Gupta as Additional Directors under the category of Non-Executive Independent Directors effective June 26, 2026. The appointments, approved by the Board of Directors upon the recommendation of the Nomination and Remuneration Committee, are for a term of five consecutive years. This strategic move is aimed at strengthening the company's governance framework and enhancing independent oversight within its leadership structure.

The regulatory filing submitted to the stock exchanges on June 29, 2026, confirms compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both appointees have provided their consent to serve and have certified that they are not disqualified from holding the position under the provisions of the Companies Act, 2013. Additionally, the disclosures confirm that neither director is debarred from holding the office of director pursuant to any SEBI order or order of any other authority.

Mr. Dipesh Jasvantlal Shah (DIN: 09511575) is an Indian national engaged in business. The filings confirm that he is not related to any existing director on the Board of Vipul Limited and does not hold any shares in the company. Mr. Sunil Gupta (DIN: 10523449) is a Chartered Accountant and Company Secretary by profession. Similarly, he is not related to any director on the Board and does not hold any equity in the company.

The appointment of Mr. Sunil Gupta is specifically subject to the approval of shareholders at the next General Meeting of the company. The regulatory filings confirm that both individuals meet the necessary criteria for independence and compliance with relevant SEBI circulars dated June 14, 2018, and subsequent exchange circulars.

Details of Appointments

The following table summarizes the key particulars of the newly appointed directors:

Independent Director Rajeev Gupta has resigned from the Board of Directors of Vipul Limited effective June 4, 2026, due to personal reasons. The resignation was communicated to the stock exchanges on June 5, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations. Vipul Limited stated that the resignation details are provided in Annexure-A, referencing SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/1/3762/2026 dated January 30, 2026.

Rajeev Gupta, holding DIN 06995293, submitted his resignation pursuant to Section 168(1) read with applicable rules. In his resignation letter dated June 4, 2026, he requested the Board to acknowledge the receipt and complete the requisite formalities with the Registrar of Companies.

The following table outlines the key details of the director's cessation:

Piyush Bairagi, Company Secretary & Compliance Officer of Vipul Limited, signed the disclosure submitted to BSE Limited and National Stock Exchange of India Limited. The information has been made available on the company's website.