Vivid Electromech Completes Key Appointments and Reviews Financials at Board Meeting

Vivid Electromech Completes Key Appointments and Reviews Financials at Board Meeting​

Vivid Electromech Limited approved significant personnel changes following its Board of Directors meeting on July 27, 2026. The board addressed director remuneration revisions, noted several key management resignations, and confirmed the appointment of new officers to manage the company's secretarial and finance functions.

The directors reviewed and approved the Company’s report for the financial year ended March 31, 2026. Furthermore, the Board reviewed a proposal allowing for a reallocation of ₹900.00 lakhs from the objective "Funding the Capital Expenditure Requirements towards setting up of a New Manufacturing Unit" to "To meet Working Capital Requirements of the Company." This variation in IPO proceeds utilization is subject to shareholder approval and requires a Special Resolution at the ensuing General Meeting.

Remuneration Revisions and Key Appointments​

Two directors saw revisions in their annual remuneration, effective from April 1, 2026. Mr. Sameer Vishvanath Attavar, Chairman & Managing Director, will receive an increased remuneration of ₹65,00,000 per annum, up from ₹61,00,000 per annum. Similarly, Mrs. Meeta Sameer Attavar, Whole-time Director, will see her annual remuneration revised to ₹70,00,000 per annum, effective April 1, 2026.

The company also noted the resignation of Ms. Chaitali Shah from the office of Company Secretary & Compliance Officer, with her services concluding on August 20, 2026. In response to operational needs, Mr. Pranjul Gupta was appointed as the Company Secretary & Compliance Officer and Key Managerial Personnel (KMP), effective August 21, 2026.

A parallel change occurred in the financial management structure when the company noted the resignation of Mr. Pramod Gulabrao Beloshe from the position of Chief Financial Officer (CFO) on August 25, 2026. The board subsequently approved the appointment of Mr. Varun Mishra as the new Chief Financial Officer (CFO) and Key Managerial Personnel effective August 26, 2026.

Annual General Meeting Details​

The Board established a detailed schedule for the company's upcoming 36th Annual General Meeting (AGM).

Key details regarding the AGM and related activities include:

• Event: The 36th Annual General Meeting is scheduled for Tuesday, August 25, 2026, through Video Conferencing (VC) / Other AudioVisual Means (OAVM).
• Agency Appointment: MUFG Intime India Private Limited was approved as the Electronic Voting Agency and Electronic Meeting Service Provider.
• Voting Period: The Record Date for determining eligible voters is set for August 18, 2026. Book Closure will run from Wednesday, August 19, 2026, to Tuesday, August 25, 2026. The remote E-Voting period is scheduled from August 22, 2026, 9:00 AM to August 24, 2026, 5:00 PM.

The board also approved the appointment of M/s Nuren Lodaya & Associates, Practising Company Secretaries, as the Scrutinizer for the upcoming remote e-voting and e-voting processes at the AGM.

Key Personnel Changes Summary​

VIVIDEL Stock Price Movement​

Today, shares of Vivid Electromech Limited edged higher to settle at ₹1320, gaining 0.38% in a positive close for the day. The stock traded on 17,760 shares, having moved within a trading range established between a low of ₹1300 and a high of ₹1330.95.