IST Limited appoints Vijay Vardhan Daga as independent director

IST Limited announced the appointment of Vijay Vardhan Daga as a non-executive independent director, effective August 28, 2025. The decision was made by the board of directors following a recommendation from the nomination and remuneration committee. His appointment is subject to shareholder approval at the company's 49th annual general meeting and will span a term until August 27, 2030.

Mr. Daga brings extensive experience across diverse industries, including international trade, financial markets, and FMCG distribution. His career highlights include serving as a commercial advisor, gaining expertise in import-export and regulatory compliances, and establishing a stockbroking firm. He also developed a robust distribution network for leading FMCG brands.

Mr. Daga is not related to any existing director of IST Limited and has confirmed that he is not debarred from holding the office of director by any SEBI order or other authority. The appointment aligns with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.