Mumbai, April 1 -- The move aims to enhance corporate governance, professionalize leadership, and secure the long-term ownership of the iconic "Vadilal" brand.

As part of the restructuring, Vadilal Industries will transition to independent professional management to ensure greater transparency and efficiency. The company will also secure full ownership of the Vadilal brand, which is currently used under a non-exclusive license. To streamline operations, promoter-owned firms, including Vadilal Finance Company Pvt. Ltd., Veronica Constructions Pvt. Ltd., and Vadilal International Pvt. Ltd., will be merged into Vadilal Industries.

The board has also undergone a significant reshuffle. Key resignations include Kalpit R. Gandhi as chief finan...