Virat Industries Ltd — Important, 02-09-2025: Company Update

Virat Industries' board has approved key strategic and governance changes. Five new directors were appointed, including two independent directors, with Shri. Vilas Potdar named the new Chairman. The board also reconstituted its core committees to enhance oversight. Significantly, the investment, loan, and guarantee limit was increased to 500 Cr, subject to shareholder approval, bolstering the company's capacity for future growth and acquisitions. The Managing Director has been authorized to pursue business acquisitions. New Articles of Association were adopted to modernize the company's governance framework.