Vidhi Specialty Food Ingredients Limited announced the re-appointment of Mr. Mihir Bipin Manek as Joint Managing Director for a term of five years effective from July 15, 2025, and Mrs. Vidhi Harsh Parekh as Whole-time Director for a period of five years commencing November 01, 2025. These re-appointments are subject to the approval of the shareholders at the upcoming Annual General Meeting.
Re-appointment Details:
- Mr. Mihir Bipin Manek: Re-appointed as Joint Managing Director for five years effective from July 15, 2025, to July 14, 2030.
- Mrs. Vidhi Harsh Parekh: Re-appointed as Whole-time Director for five years effective from November 01, 2025, to October 31, 2030.
Mr. Mihir Bipin Manek's Profile:
Mr. Mihir Manek holds a Science degree from the University of Mumbai, majoring in Industrial Chemistry. With over 20 years of experience, his expertise lies in the food color manufacturing business, including the procurement of imported raw materials and the distribution of various chemicals. He has been instrumental in spearheading initiatives to boost the company's production and sales.
Mrs. Vidhi Harsh Parekh's Profile:
Mrs. Vidhi Parekh is a Commerce graduate with more than 18 years of experience in handling matters related to the Directorate General of Foreign Trade, such as import licensing, export incentives, and duty drawbacks, along with Human Resources Development.
Family Relationships:
- Mr. Mihir Bipin Manek is the son of Mr. Bipin M. Manek (Chairman and Managing Director) and Mrs. Pravina Bipin Manek (Non-Executive Director). He is also the brother of Mrs. Vidhi Harsh Parekh (Whole-time Director).
- Mrs. Vidhi Harsh Parekh is the daughter of Mr. Bipin Manek (Chairman and Managing Director) and Mrs. Pravina Bipin Manek (Non-Executive Director), and the sister of Mr. Mihir Bipin Manek (Joint Managing Director).
Regulatory Compliance:
Both Mr. Mihir Bipin Manek and Mrs. Vidhi Harsh Parekh are not debarred from holding the office of Director under any SEBI order or other authority, as per BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24, both dated June 20, 2018.
The meeting, which commenced at 11:30 a.m., concluded at 12:15 p.m. on July 14, 2025.
