Vishal Fabrics Limited Announces Resignation of General Manager (Marketing) Effective March 24, 2026

1 min read     Updated on 24 Mar 2026, 10:15 PM
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AI Summary

Vishal Fabrics Limited has announced the resignation of Mr. Rajneesh Garg from his position as General Manager (Marketing) and Senior Management Personnel, effective March 24, 2026. The resignation is attributed to personal reasons and other commitments. The company has fulfilled its regulatory obligations by submitting the required disclosure to BSE under SEBI listing regulations, with the resignation taking effect from the closure of working hours on the specified date.

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Vishal Fabrics Limited has announced the resignation of its General Manager (Marketing) Mr. Rajneesh Garg, effective March 24, 2026. The company informed BSE Limited about this senior management change through a regulatory filing under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Rajneesh Garg has tendered his resignation from the position of General Manager (Marketing) and Senior Management Personnel (SMP) of the company. The resignation is effective from March 24, 2026, specifically from the closure of working hours on that date. According to the company's disclosure, the resignation is due to personal reasons and other commitments.

Regulatory Compliance

The company has submitted the mandatory disclosure pursuant to Regulation 30 read with Schedule III, Part A, Para A clause 7 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references compliance with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

Key Information Summary

Particulars: Details
Position: General Manager (Marketing) - Senior Management Personnel
Effective Date: March 24, 2026
Reason: Personal reasons and other commitments
Timing: From closure of working hours

Company Information

Vishal Fabrics Limited operates from its registered office at Shanti Corporate House, Nr. Hira Rupa Hall, Bopal-Ambli Rd, Bopal, Ahmedabad - 380058, Gujarat, India. The regulatory filing was signed by Managing Director Brijmohan Chiripal (DIN: 00290426) on March 24, 2026.

The company has requested BSE Limited to take the resignation information on record as part of its ongoing compliance with listing regulations and disclosure requirements.

Historical Stock Returns for Vishal Fabrics

1 Day5 Days1 Month6 Months1 Year5 Years
+1.72%+9.06%-21.92%-38.46%-36.33%-13.15%

How will Vishal Fabrics' marketing strategy and customer acquisition efforts be impacted during the transition period before finding a replacement?

What succession planning measures does the company have in place to ensure continuity in its marketing operations?

Could this senior management departure signal broader organizational changes or restructuring at Vishal Fabrics?

Vishal Fabrics Limited Announces Resignation of Manager (Accounts) Effective March 23, 2026

1 min read     Updated on 24 Mar 2026, 02:14 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Vishal Fabrics Limited has announced the resignation of Mr. Dipex Modi from his position as Manager (Accounts) and Senior Management Personnel, effective March 23, 2026. The resignation is due to his transition to a new role within the Chiripal Group. The company has submitted the required regulatory disclosure to BSE in compliance with SEBI listing regulations.

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Vishal fabrics Limited has announced the resignation of its Manager (Accounts) in a regulatory filing submitted to BSE Limited on March 23, 2026. The disclosure was made in compliance with SEBI listing regulations regarding changes in senior management personnel.

Key Details of the Resignation

Mr. Dipex Modi has tendered his resignation from the position of Manager (Accounts) and Senior Management Personnel of the company. The resignation takes effect from March 23, 2026, specifically from the closure of working hours on that date.

Parameter: Details
Employee Name: Mr. Dipex Modi
Position: Manager (Accounts) - Senior Management Personnel
Effective Date: March 23, 2026
Reason: Transition to new role within Chiripal Group

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was made pursuant to Schedule III, Part A, Para A clause 7 of the regulations, which mandates disclosure of changes in senior management personnel.

Background and Context

The resignation is attributed to Mr. Modi's transition to a new role within the Chiripal Group, indicating an internal movement rather than a departure from the group entirely. This suggests continuity in his association with the parent organization while changing his specific responsibilities.

Corporate Information

Vishal Fabrics Limited operates from its registered office at Shanti Corporate House, Near Hira Rupa Hall, Bopal-Ambli Road, Bopal, Ahmedabad - 380058, Gujarat. The company is incorporated under CIN: L17110GJ1985PLC008206 and trades on BSE under scrip code 538598 with security ID VISHAL.

The disclosure was signed by Brijmohan Chiripal, Managing Director (DIN: 00290426), confirming the company's compliance with regulatory requirements for senior management changes.

Historical Stock Returns for Vishal Fabrics

1 Day5 Days1 Month6 Months1 Year5 Years
+1.72%+9.06%-21.92%-38.46%-36.33%-13.15%

Who will replace Mr. Dipex Modi as Manager (Accounts) and what timeline has the company set for this transition?

How might this internal restructuring within Chiripal Group affect Vishal Fabrics' financial reporting processes and operational efficiency?

What strategic changes or expansion plans within Chiripal Group could be driving this senior management reshuffling?

More News on Vishal Fabrics

1 Year Returns:-36.33%