Velox Industries Limited at its board meeting held on 08 December 2022 announced that Mr. Lalit Goyal, Chief Financial Officer (CFO) of the company, has resigned and his resignation letter dated December 7, 2022 has been noted and taken on record by the Board of Directors of the Company at its meeting held on 8 December 2022 and Mr. Vishal Nilesh Kothari has been appointed as the Chief Financial Officer (CFO) of the company within the meaning of section 203 of the Companies Act, 2013 with effect from 8 December 2022. Vishal is a Bachelor of Commerce graduate from the University of Mumbai and pursuing Chartered Accountancy (Final). He has an experience of 10+ years in the field of taxation and assurance.

He specialises in tax related litigation and had previously been a direct tax practitioner with reputed Chartered Accountancy firm based out of Mumbai.