What the board approved
At its meeting on 2 September 2026, the board of Vedant Fashions Limited took a set of governance and shareholder-facing decisions. It fixed a record date for the final dividend for the year ended 31 March 2026, scheduled its 24th Annual General Meeting through video conferencing, and reshaped its board with two new independent directors alongside the departure of a serving one. The dividend remains subject to shareholder approval at the AGM; per the filing, if approved it will be paid to members on record as at close of business on the record date.
A board refresh built around consumer and finance experience
The company said it has appointed Mr. Nihir Parikh and Ms. Neetu Kashiramka as additional directors, each to be designated Non-Executive Independent Director, subject to shareholder approval. Per the filing, Mr. Parikh spent nearly a decade at Nykaa, latterly as CEO of Nykaa Fashion and NykaaMan, bringing consumer-internet and omnichannel-retail experience. Ms. Kashiramka, a chartered accountant, was previously Managing Director and CFO of VIP Industries and currently serves as an independent director within the Groww Group. Both were confirmed as unrelated to the company's directors, promoters or key managerial personnel.
The filing also records that Mr. Tarun Puri will complete his tenure as an Independent Director on 5 September 2026. Following these changes, the board reconstituted its Audit Committee — now chaired by Ms. Kashiramka — and its Nomination and Remuneration Committee, with Mr. Parikh joining the latter.
Dates that matter to holders
Two dates anchor the shareholder timeline in the filing. Entitlement to the final dividend, if approved, is determined by holdings as at close of business on the record date; the same date serves as the cut-off for reckoning voting rights for remote e-voting and voting at the AGM. The AGM is set for 3:00 P.M.