Vadilal

The appellate tribunal NCLAT has directed Vadilal Enterprises and Vadilal International to maintain the status quo of the structure of their boards until further orders. Passing an interim order, a two-member NCLAT bench said it has already listed the appeal for final hearing on September 26, 2024, over a dispute of the Vadilal Gandhi family, hence any change in the board structure would further complicate the issues. "Considering the fact that on August 6, 2024, we have already passed an order not to precipitate the matter and hence the removal of a director and an appointment of a new one would further complicate the issues involved when we have already set the appeal for final hearing the matter being listed on September 26, 2024," the NCLAT said. "In the circumstances, the status quo be maintained qua the directorship(s) of the companies involved till further orders." The National Company Law Appellate Tribunal (NCLAT) order came over a petition filed by Rajesh R Gandhi. He ha

Bain Capital is also interested in merging the two Vadilal entities and is valuing Vadilal's ice cream business at over Rs 3,000 crore ($363.11 million)

The company's board on Thursday approved the purchase of the "Vadilal" brand from its promoter group entity Vadilal International; the stock later pared half of its gains

Q&A with Rajesh Gandhi, Managing Director, Vadilal Industries