Valiant Organics Ltd announced a change in management including the re-designation of Parimal Desai as Managing Director, the appointment of Paras S. Savla as an Additional Non-Executive Independent Director, and re-appointments for Navin C. Shah and Sonal A. Vira as Independent Directors. Additionally, they proposed increasing their authorized share capital from ₹40 crore to ₹55 crore and raising up to ₹50 crore through a rights issue.