Board Approves Reappointments of Key Directors at Viram Suvarn Limited
Viram Suvarn Limited (formerly Veeram Securities Limited) announced that its Board of Directors, in a meeting held on July 20, 2026, approved the re-appointment of two senior directors, Mr. Mahendra Ramniklal Shah as Managing Director and Mr. Sanjay Chunilal Vibhakar as an Independent Director.The appointments were made following recommendations from the Nomination and Remuneration Committee. Both positions are subject to ratification by the shareholders at the upcoming General Meeting.
Mr. Mahendra Ramniklal Shah was re-appointed as Managing Director for a further term of five years. His tenure will run from August 10, 2026, until August 9, 2031. Mr. Shah's professional background includes over 30 years in the jewelry and ornaments industry. In his role, he oversees procurement, quality control, supply chain management, and supplier negotiations for the company’s operations.
Mr. Sanjay Chunilal Vibhakar was re-appointed as an Independent Director for a second consecutive term of five years, which extends until June 20, 2031. Mr. Vibhakar brings over 25 years of experience to the board, spanning both the business and media sectors. He holds Bachelor's degrees in Commerce and Journalism and Mass Communication, and possesses significant foundational knowledge within the wholesale gold and jewelry industry.
The details regarding the directors and their respective terms are summarized below:
| Director Name | Designation | Reappointment Term | Tenure End Date | Key Expertise |
|---|---|---|---|---|
| Mr. Mahendra Ramniklal Shah | Managing Director | Five years | August 9, 2031 | Procurement and supply chain management in the jewelry industry. |
| Mr. Sanjay Chunilal Vibhakar | Independent Director | Five years (second term) | June 20, 2031 | Business and media background; focus on wholesale gold and jewelry. |
The board meeting commenced at 2:00 P.M. IST and concluded at 4:30 P.M. IST.
Stock Price Movement
At the close of trade today, Viram Suvarn Ltd. settled at ₹9.97, after shares dropped 1.09%. The stock traded within an intraday range, achieving a high of ₹10.20 but finding its low near ₹9.41.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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