Vaishali Pharma Board Approves Re-appointment of Key Directors

Vaishali Pharma Board Approves Re-appointment of Key Directors​

Vaishali Pharma Limited announced that its Board of Directors held a meeting on May 23, 2026, where it approved the re-appointment of several key personnel, including independent directors and top management, for five consecutive years.

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Mr. Pratik Vikram Jakhelia (DIN: 7726752) as an Independent Director (Non-Executive). This re-appointment covers a second term of five consecutive years, scheduled from September 30, 2026, through September 29, 2031, and is subject to the approval of the Company members.

Mr. Jakhelia, who holds a Master's degree in commerce from Mumbai University and is a Fellow Member of the Institute of Chartered Accountants of India, brings 25 years of overall experience to the board. His professional background includes serving as the Head of the Accounts Department at Solitaire Honda (Krish Cars Pvt Ltd, a Navnit Group Company) for seven years, followed by a career in teaching, where he gained recognition and founded PN Educare.

Key Management Appointments​

The Board also approved the re-appointment of two family members in key leadership roles:

1. Managing Director: Mr. Atul Arvind Vasani (DIN: 02107085) was re-appointed as the Managing Director for a term of five consecutive years, effective May 23, 2026, until May 22, 2031. Mr. Vasani, who is also the Promoter and Chairman, has been associated with the Company since its incorporation. He possesses over three decades of experience in the Pharmaceutical Industry, having been active since 1987. He is credited with formulating the Company’s business strategies and managing overall operations.
2. Whole-Time Director: Mrs. Jagruti Vasani (DIN: 02107094) was re-appointed as Whole-Time Director for a term of five consecutive years, also running from May 23, 2026, to May 22, 2031. Mrs. Vasani, a Promoter, has been with the Company since its inception and manages the Human Resource Department. She brings more than 15 years of experience within the Pharmaceutical Industry and holds a Commerce degree from Saurashtra University.

The Board noted that Mrs. Jagruti Vasani is the wife of Mr. Atul Vasani, and Mr. Dewansh Vasani is the brother's son of Mr. Atul Vasani.

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Summary of Director Re-appointments​

VAISHALI Stock Price Movement​

On Friday, Vaishali Pharma Limited shares edged higher to close at ₹7.03, marking a gain of 0.57%. The stock recorded 35,784 shares traded during the session.