VIP Industries Limited Appoints New Chief Financial Officer and Company Secretary as Management Strengthens Leadership Team
VIP Industries Limited has announced significant changes in its senior management, approving the appointment of Ms. Shalaka Koparkar as Company Secretary & Compliance Officer and Key Managerial Personnel (KMP). Furthermore, the Board approved the appointment of Mr. Narayan Saraf as Chief Financial Officer (CFO), effective September 1, 2026. Concurrently, the company accepted the resignation of Mr. Rahul Poddar from the post of CFO due to personal and family reasons.The appointments were made following a meeting of the Board of Directors held on August 3, 2026.
Ms. Shalaka Koparkar was appointed as Company Secretary & Compliance Officer. Ms. Koparkar is a qualified member of the Institute of Company Secretaries of India (ACS NO. 25314) and has significant experience in corporate laws, secretarial compliances, corporate governance, and regulatory matters. Her prior experience includes roles within the Mergers & Acquisition team at Larsen & Toubro Limited and serving with the investor relation team at Tata Consultancy Services.
Regarding the CFO role, the Board approved the appointment of Mr. Narayan Saraf. Mr. Saraf is a seasoned finance professional possessing over 25 years of leadership experience across the consumer, healthcare, and energy sectors. He joins VIP Industries Limited from J.B. Chemicals & Pharmaceuticals Limited, a KKR-backed company. His previous senior finance roles included positions at Thermo Fisher Scientific, CIPLA, and Hindustan Unilever, where he focused on profitability enhancement and sustainable growth.
The Board also noted the resignation of Mr. Rahul Poddar from his position as Chief Financial Officer and Key Managerial Personnel. He will cease to be CFO with effect from the close of business hours on August 31, 2026, having decided to step down to devote time to the healthcare of an immediate family member.
The Board also authorized Ms. Shalaka Koparkar, Mr. Narayan Saraf, and Atul Jain (Managing Director) to jointly determine the materiality of events or information and make disclosures to the Stock Exchanges.
Details regarding the Key Managerial Personnel (KMP) changes are summarized below:
| Role/Change | Name | Status/Effective Date |
|---|---|---|
| Appointment - Company Secretary & Compliance Officer | Ms. Shalaka Koparkar | Effective from August 3, 2026 |
| Appointment - Chief Financial Officer (CFO) | Mr. Narayan Saraf | Effective from September 1, 2026 |
| Resignation - CFO | Mr. Rahul Poddar | Cessation effective August 31, 2026 |
The following individuals are jointly authorized to determine the materiality of events or information and make disclosures to Stock Exchanges:
| Name and Designation | Role |
|---|---|
| Mr. Atul Jain | Managing Director |
| Mr. Rahul Poddar | Chief Financial Officer (until August 31, 2026) |
| Mr. Narayan Saraf | Chief Financial Officer (from September 1, 2026) |
| Ms. Shalaka Koparkar | Company Secretary & Head - Legal |
VIPIND Stock Price Movement
Today, shares of VIP Industries Limited climbed in the after-hours trading session, settling at ₹310.7 following a strong gain of 3.78%. The stock saw robust activity throughout the day, with 413,842 shares recorded as traded.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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