Vadilal Industries Announces Major Management Overhaul and Family Dispute Resolution
Vadilal Industries, a leading Indian ice cream manufacturer, has announced a significant restructuring plan and resolution of a long-standing family dispute. The Gandhi family will step down from key positions to allow for professional management. The company will merge three promoter entities, fully integrate the 'Vadilal' brand, reconstitute its board with independent directors, and implement new governance policies. Post-restructuring, promoter shareholding is expected to decrease to 62.34%, while public shareholding will increase to 37.66%. A new dividend policy aims to distribute 20-25% of consolidated net profit from FY 2025-26.