I think i answered the question already in my comment earlier and i focused more on Vicky resignation rather than new Arti guy.
anyways i'll repeat as you might know Mr. Hemchand Gala is the Chairman & Managing Director and he is 70 years old guy and i believe Mr. Vicky Hemchand Gala who is around 35 years of age might be his son.
So, I was thinking his Son naturally going to be the next successor but instead board let his son go which i think shows they value good for the company more than any personal family relationship. As you might agree as most of the companies family owned and lots of them have governance issues.
But valiant is owned by lots of different people and i believe its run more democratically than any other family owned business.
Also about the Arti guy .. i don't see any harm with that if someone who knows industry so well and have great track record sits in the board meeting.
Anyways this is what completely i think and may sound childish to you and others may hold a different opinion which i would definitely like to listen to.
No i am not in touch with company , no idea whats going on. I hope they going to put out somewhere in annual report or somewhere to communicate about it to the shareholders.