Vedant Fashions Reappoints Grant Thornton Bharat LLP as Internal Auditor, Grants 24,237 Stock Options
Vedant Fashions Limited reappointed M/s. Grant Thornton Bharat LLP as Internal Auditor for FY27. The company also granted 24,237 stock options with an exercise price of ₹412.60. Following option exercises, share capital increased to ₹24.30 crore.
The reappointment of an auditor and the grant of stock options are routine administrative and employee incentive activities. They do not represent a significant change in the company's business operations, financial performance, or strategic direction that would cause a substantial impact on the stock.
The announcement pertains to routine corporate actions such as the reappointment of an auditor and the grant of stock options, which are standard procedures and do not inherently indicate a positive or negative shift in the company's performance.
Vedant Fashions Limited announced the outcome of its Board Meeting held on June 25, 2026. The Board approved the reappointment of M/s. Grant Thornton Bharat LLP as the Internal Auditor (External) for the Financial Year 2026-27.
The meeting also approved the grant of 24,237 Stock Options under the VFL Employee Stock Option Scheme 2018 – “Scheme Pratham” to eligible employees. The exercise price for these options is ₹412.60 per stock option, and the options can be exercised within 10 years from the grant date after vesting.
Further, the Nomination & Remuneration Committee approved the allotment of 1,000 equity shares upon the exercise of stock options. This allotment has increased the company's issued, subscribed, and paid-up share capital to ₹24,29,78,245, comprising 24,29,78,245 equity shares of ₹1 each.
The Board meeting commenced at 02:55 p.m. and concluded at 03:45 p.m. The company has made this information available on its website.
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Vedant Fashions Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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