The Board of Directors of Vedant Fashions Limited have also approved and reconstituted the following Committees of the Board with immediate effect: Reconstitution of the Audit Committee, on account of the resignation of Mr. Tarun Puri as Member of the Committee due to preoccupations. Post reconstitution, the new composition of the Audit Committee shall be as under: Ms. Abanti Mitra, Independent Director, Chairperson of the Committee, Mr. Manish Mahendra Choksi, Independent Director, Member, Mr. Ravi Modi Chairman & Managing Director as Member. Reconstitution of the Risk Management Committee, by inducting Ms. Abanti Mitra as a Member of the Committee to further strengthen the composition of the said Committee. Post reconstitution, the new composition of the Risk Management Committee shall be as under: Mr. Ravi Modi, Chairman & Managing Director, Chairperson of the Committee. Mr. Manish Mahendra Choksi, Independent Director, as Member, Mr. Tarun Puri, Independent Director, as Member
Ms. Abanti Mitra, Independent Director as Member.
Vedant Fashions Limited is an India-based company. The Company is primarily engaged in manufacturing, trading, and sale of ready-made ethnic wear for men, women, and kids primarily in India under the brand names Manyavar, Mohey, Mebaz, Twamev, and Manthan. The Company has only one reportable segment, which is branded fashion apparel and accessories. The Companyâs products include men's kurta pajama, kurta jacket sets, only kurtas, nehru jacket, indo-western, sherwani, and accessories, such as juti, safa, mala, and others. Womenâs ethnic and celebration wear items, such as lehenga, sarees, indo-western, stitched-suits, and accessories. Kids products include an indo-western, kurta jacket set, kurta pajama, and accessories. The Company has approximately 676 stores and 16 global stores in 255 Indian cities and 13 global cities. The Company has its international branded outlets in the United Arab Emirates, United States, Canada, and the United Kingdom.
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Global
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