Independent Director Resigns from Vandan Foods Ltd Due to Professional Commitments
Vandan Foods Ltd has announced that Mr. Manish Shrichand Bachani, a Non-Executive and Independent Director, has resigned from his position at the company. The resignation is effective immediately until the close of business hours on July 24, 2026.Mr. Bachani tendered his resignation citing other professional commitments and the resulting time constraints that limit his ability to effectively fulfill his duties and responsibilities with Vandan Foods Ltd. He confirmed that there are no other material reasons for stepping down from the Board.
As per the company's disclosures, Mr. Bachani held directorships in several listed entities. His outside roles include Scarnose International Limited, Bridge Securities Limited, Add-Shop E-Retail Limited, Svarnim Trade Udyog LTD, and Dipna Pharmachem Limited.
Details regarding his involvement in these external companies are as follows:
| Company Name | Committee Involvement |
|---|---|
| Scarnose International Limited | Audit Committee - Chairman; Nomination and Remuneration Committee - Member; Stakeholders Relationship Committee - Member |
| Bridge Securities Limited | Audit Committee - Member; Nomination and Remuneration Committee - Chairman; Stakeholders Relationship Committee - Member |
| Add-Shop E-Retail Limited | Not Applicable |
| Svarnim Trade Udyog LTD | Audit Committee - Member; Nomination and Remuneration Committee - Member |
| Dipna Pharmachem Limited | Audit Committee - Member; Nomination and Remuneration Committee - Member; Stakeholders Relationship Committee - Member |
Stock Price Movement
At the close of trade today, Vandan Foods Ltd shares settled at ₹24.00, recording zero change for the day. The stock traded completely flat, with its intraday high and low remaining locked at the same price point.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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