VIP Industries has strengthened its senior management team with the appointment of Mr. Sameer Wanchoo as Chief Marketing Officer, effective December 22, 2025. The appointment was approved by the Board of Directors through a Board Circular Resolution based on the recommendation of the Nomination and Remuneration Committee.

Appointment Details

The key details of Mr. Wanchoo's appointment are outlined below:

Professional Background

Mr. Sameer Wanchoo brings substantial marketing expertise to VIP Industries. He holds a Post Graduate Diploma in Marketing from K.J. Somaiya Institute of Management Studies and Research, providing him with a strong academic foundation in marketing principles.

His professional experience includes a significant tenure as Chief Marketing Officer at Eureka Forbes Limited, where he demonstrated exceptional capabilities across multiple areas:

• Launching new technologies and innovative solutions
• Co-creating award-winning product designs
• Re-staging brands for enhanced market positioning
• Enhancing consumer experience across E-commerce and Direct-to-Consumer (D2C) channels

Industry Experience

Prior to his role at Eureka Forbes, Mr. Wanchoo gained valuable experience working with several reputed organizations in the consumer goods sector. His professional journey includes associations with:

• Cavin Kare Limited: Contributing to the personal care and food products company's marketing initiatives
• Dabur India Limited: Working with one of India's leading consumer goods companies known for health care and personal care products

Strategic Implications

The appointment of Mr. Wanchoo as Chief Marketing Officer represents VIP Industries' commitment to strengthening its marketing capabilities and senior management team. His extensive experience in launching new technologies, product design, and enhancing consumer experiences across digital channels aligns well with the evolving needs of the luggage and travel accessories industry.

VIP Industries has formally communicated this appointment to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with regulatory requirements.

VIP Industries has officially announced the results of its postal ballot process, with shareholders demonstrating overwhelming support for all seven proposed resolutions. The company received the scrutinizer's report on December 19, 2025, confirming that all resolutions were passed with requisite majority as per the Companies Act, 2013.

Comprehensive Voting Results

The e-voting process, conducted through National Securities Depository Limited (NSDL), ran from November 19 to December 18, 2025. Ms. Ragini Chokshi of M/s. Ragini Chokshi Co., the appointed scrutinizer, confirmed strong shareholder participation with approximately 98.41 million shares participating in the voting process.

Board Leadership Transformation

Shareholders have approved a comprehensive board restructuring with the appointment of five new directors:

Key Appointments:

• Ms. Renuka Ramnath as Non-Executive, Non-Independent Director-Chairperson with 99.91% approval
• Mr. Sridhar Sankararaman as Non-Executive, Non-Independent Director with 99.89% approval
• Mrs. Shalini D. Piramal as Non-Executive, Non-Independent Director with 99.91% approval
• Mr. Rajendra Agarwal as Non-Executive, Independent Director with 99.75% approval
• Mr. Atul Jain as Managing Director with 99.92% approval

Ms. Renuka Ramnath will lead the board as Chairperson, bringing over 35 years of experience in financial services and private equity to guide the company's strategic direction.

Management Compensation and Financial Flexibility

Shareholders approved Mr. Atul Jain's remuneration package as Managing Director with 97.16% support, the lowest approval rate among all resolutions but still demonstrating strong confidence:

The proposal to increase borrowing limits to ₹625.00 crore under Section 180(1)(c) of the Companies Act, 2013 received 99.31% approval, providing enhanced financial flexibility for expansion and working capital management.

Voting Process and Compliance

The postal ballot process was conducted entirely through electronic mode, with the company dispatching notices to all eligible shareholders on November 18, 2025. The cut-off date for determining voting eligibility was November 14, 2025. All resolutions are deemed to have been passed on December 18, 2025, the last date of e-voting.

The scrutinizer's report confirms that the voting process was conducted in a fair and transparent manner, with proper safeguards and witness verification during the result compilation process.

These approved corporate actions position VIP Industries for strategic transformation under new leadership, with enhanced financial capabilities to navigate market challenges and pursue growth opportunities in the luggage and travel accessories sector.