GST Recovery Order Issued to Vedant Fashions

Vedant Fashions Limited , the company behind popular ethnic wear brands like Manyavar, has been served with a GST recovery order. The order, issued by the Deputy Commissioner of State Tax, Alipore Charge, Kolkata, demands a payment of ₹10.39 crore.

Details of the Order

Company's Response

Vedant Fashions has stated that they are in the process of examining the order. The company plans to take appropriate steps, which may include filing an appeal against the order.

Potential Impact

While the GST recovery order is a significant regulatory development, it's important to note that:

1. The amount, while substantial, may not severely impact the company's overall financial health, depending on its current financial position.
2. The company's decision to examine the order and potentially appeal suggests that they may contest the demand.
3. Regulatory challenges like this are not uncommon in the Indian business environment, and companies often navigate through them.

Investor Considerations

Investors and stakeholders should keep the following points in mind:

• Monitor the company's further communications regarding this matter.
• Watch for any updates on potential appeals or negotiations with tax authorities.
• Consider the potential financial impact in the context of the company's overall financial performance and position.

As always, it's advisable for investors to consult with financial advisors before making any investment decisions based on this news.

Vedant Fashions Limited , known for its flagship brand Manyavar, has announced a significant addition to its leadership team. The company has appointed Mr. Aman Kumar Gupta as its new Chief Retail Officer, effective November 13, 2025. This strategic move, approved by the Board of Directors, aims to strengthen the company's retail operations and international business expansion.

Key Appointment Details

Responsibilities and Role

Mr. Gupta's role as Chief Retail Officer encompasses several critical areas:

• Overseeing retail operations
• Managing international business
• Handling other strategic activities

This appointment underscores Vedant Fashions' commitment to enhancing its retail strategy and expanding its global footprint.

Corporate Governance Process

The appointment followed a structured corporate governance process:

1. Recommendation by the Nomination and Remuneration Committee
2. Approval by the Board of Directors at their meeting on November 12, 2025
3. Official announcement made in compliance with SEBI regulations

Investor Relations Update

In a separate announcement, Vedant Fashions also informed that a previously scheduled Investor/Analyst interaction for November 12, 2025, was cancelled due to official exigencies. This cancellation, while unrelated to the new appointment, highlights the company's ongoing communication with its investors and analysts.

As Vedant Fashions continues to evolve its leadership structure, stakeholders will be watching how these changes may influence business growth and market performance in the coming months.