Vintage Coffee And Beverages Limited Approves Re-appointment of Two Independent Directors
Vintage Coffee And Beverages Limited (formerly Spaceage Products Ltd) announced that its Board of Directors, in a meeting held on May 16, 2026, approved the re-appointment of two individuals as Independent Directors. Both appointments are effective subject to the approval of the company's shareholders.The Board meeting addressed the re-appointment of Mr. Sanjiban Brata Roy and Mr. Ajay Poonia, detailing their respective terms and profiles.
Mr. Sanjiban Brata Roy was approved for re-appointment as an Independent Director for a second term of two years. This appointment is slated to be effective from May 18, 2026. Mr. Roy is a Certified Associate of Indian Institute of Bankers (CAIIB) and a graduate of the University of Calcutta in Bachelor of Commerce. He holds over 34 years of experience in the finance and banking sector, having served various roles at State Bank of India and Habib Bank Limited.
Mr. Ajay Poonia was also approved for re-appointment as an Independent Director, serving a second term of two years. His tenure is set to begin on July 12, 2026. A graduate in Economics from the University of Delhi, Mr. Poonia is currently the Director and CEO of Evolving Edutainment Pvt Ltd, an event and content marketing agency. He is also noted for authoring multiple books for children.
The following table summarizes the details of the two board re-appointments:
| Director Name | Role | Term Duration | Effective Date | Professional Background Highlights |
|---|---|---|---|---|
| Mr. Sanjiban Brata Roy | Independent Director | 2 years | May 18, 2026 | B.Com (Calcutta University), CAIIB. Over 34 years experience in banking and finance. |
| Mr. Ajay Poonia | Independent Director | 2 years | July 12, 2026 | Economics graduate (Delhi University). CEO of Evolving Edutainment Pvt Ltd. Author of children's books. |
VINCOFE Stock Price Movement
On Friday, Vintage Coffee And Beverages Limited shares slipped by 2.54% to settle at ₹127.85. The stock traded within a range of ₹127.46 to ₹131.26, recording a substantial volume of 786,359 shares.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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