V2 Retail Limited, a prominent retail chain, has announced the resignation of its Chief Executive Officer (CEO), Mr. Manshu Tandon, effective from April 28, 2025. The resignation comes due to personal reasons, as per the official communication sent to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Tandon's resignation marks a significant leadership change at the company.

The resignation was communicated in an official letter, which expressed his gratitude for the opportunity to serve as CEO and acknowledged the valuable experiences and growth during his tenure. He highlighted his decision to pursue entrepreneurial ventures as the primary reason for stepping down. The company reassured stakeholders that the transition would be handled smoothly, with an assurance of support for any necessary handover procedures.

V2 Retail Limited is based in Gurgaon, Haryana, and has a vast retail presence across the country. The company's operations span various retail segments, including apparel and lifestyle products. The resignation of Mr. Tandon raises questions about the company's leadership dynamics and future plans. However, the company has expressed confidence that it is well-positioned for continued success under the guidance of its board and remaining senior management.

In addition to the CEO’s resignation, the company also provided detailed information in compliance with the SEBI regulations, ensuring transparency about the change in leadership. The stock market response to the announcement will be closely monitored as investors assess the company's direction going forward.

As per the official letter from Mr. Tandon, he expressed confidence in the team's capability and wished the company ongoing success. His resignation letter was submitted on the same day, April 28, 2025, and the company has made it available for public record.

V2 Retail's future plans may be influenced by this leadership change, but the company's strong foundation in the retail industry, coupled with its team of experienced professionals, is expected to keep it on course for growth. The resignation highlights the evolving landscape of the retail sector, where strategic leadership transitions are commonplace.

This announcement underscores the dynamic nature of corporate leadership and the importance of clear communication with stakeholders. V2 Retail's investors, employees, and partners are now awaiting further updates regarding the appointment of a new CEO or interim leadership decisions. Meanwhile, the resignation of Mr. Tandon opens up opportunities for fresh leadership perspectives, which could steer the company towards new avenues in its retail and business expansion strategies.

For now, V2 Retail remains focused on its ongoing operations and objectives, with the company’s management committed to ensuring continuity and growth in the retail space.

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