Key Appointment Details

  • Mr. Mahendra Singh Rajawat (DIN: 11044086) appointed as Additional Director (Executive) effective close of business hours on September 1, 2026
  • Board proposed his appointment as Managing Director for a period of 3 years from September 1, 2026 to August 31, 2029
  • Managing Director appointment subject to approval of members at the ensuing 41st Annual General Meeting

Director Background and Qualifications

  • Bachelor of Commerce (B.Com.) graduate
  • 21 years of extensive experience in textile industry with focus on sales, market development and channel/distribution management
  • Engaged in financial advisory business for last 5 years, advising clients on investment planning and wealth management
  • Not related to any other Director or Key Managerial Personnel of the Company
  • Not debarred from holding director office by any SEBI Order or other authority
  • Not disqualified under Section 164 of Companies Act, 2013

Remuneration Details

  • Proposed remuneration: ₹6,00,000 (Rupees Six Lakh) per annum
  • Remuneration subject to approval of members of the Company
  • Remuneration structured in accordance with Schedule V of Companies Act, 2013 given company's inadequate profits