Company Disclosure

Board Decisions and Appointments

Director Re-appointments and Appointments

1. Re-appointment of Whole-time Director: Approved re-appointment of Mr. Maheshchandra Kailashchandra Laddha (DIN: 02333125) as Whole-time Director for a further period of 3 years with effect from 09 August 2027 to 08 August 2030, subject to approval of members in the ensuing Annual General Meeting.

  • Date of initial appointment: 15 February 2011
  • Qualifications: Graduate
  • Age: 54 years (Date of Birth: 01 July 1972)
  • Profile: Graduate with 34 years of experience, specialization in finance & marketing, portfolio management, administration, and production
  • Relationship with other directors: Son of Mr. Kailashchandra Hiralal Laddha, Brother of Mr. Yogesh Laddha and Mr. Kamlesh Kailashchandra Laddha, Brother-in-law of Mrs. Pallavi Laddha

2. Appointment of Independent Directors: Approved appointment of three new (Additional) Independent Directors for first terms of 5 years with effect from 02 September 2026, subject to approval of members in the ensuing Annual General Meeting:

  • Mr. Manishkumar Balkrishna Porwal (DIN: 01570715)
  • Age: 46 years (Date of Birth: 28 December 1979)
  • Qualifications: Chartered Accountant (CA)
  • Experience: 25 years in textile industry, expertise in accounts, finance, law, banking, management, sales, marketing, administration, research, corporate governance
  • Relationship: Brother of Mr. Dilip Balkrishna Porwal (Independent Director)
  • Mr. Satya Narayan Maheshwari (DIN: 11874369)
  • Age: 61 years
  • Qualifications: M.COM and Certified Associate of the Indian Institute of Bankers (CAIIB)
  • Experience: Ex-Assistant General Manager in State Bank of India with 41 years service, expertise in financial services
  • Relationship: Not related to any existing directors
  • Mr. Mahendra Singh Rana (DIN: 03431764)
  • Age: 45 years (Date of Birth: 12 June 1981)
  • Qualifications: B.A. and LLB
  • Experience: Ex-Assistant Vice President of SBI General Insurance Company Limited with 20 years service, expertise in financial services
  • Relationship: Not related to any existing directors

All directors confirmed not debarred from holding office by virtue of any SEBI Order or other authority.

Annual General Meeting Details

  • Register of Members and Share Transfer Books will remain closed from 23 September 2026 to 29 September 2026 (both days inclusive)
  • 17th Annual General Meeting scheduled for:
  • Day: Tuesday, 29 September 2026
  • Time: 01:00 P.M. (IST)
  • Venue: 32, Heera Panna Market, Pur Road, Bhilwara - 311001 (Rajasthan) India
  • Board approved and took on record the Reports of the Board of Directors for year ended 31 March 2026 and Notice of AGM
  • Scrutinizer Appointment: R.K. Jain & Associates, Practicing Company Secretary appointed as Scrutinizer to oversee voting process

Capacity Expansion Plan

Approved major expansion in Denim (Fabric) and Spinning (Yarn) Divisions:

Denim Division Expansion

  • Orders placed for advanced complete set up of machineries for RFD (Ready for Dyeing) line for bottom weight fabrics and chinos
  • Expected to increase fabric manufacturing capacity by 10 million metres per year
  • Will enable manufacture of contemporary, fashion-oriented fabrics

Spinning Division Expansion

  • Installing new spindles for coarse-count yarn
  • Expected to enhance yarn production capacity by approximately 1,080 MT per year

Expected Impact

  • Improve production capabilities, product range and operational efficiency
  • Create opportunities for higher and stable revenues with improved profitability
  • Strengthen market position and build more diversified manufacturing portfolio

Committee Reconstitution

Effective 02 September 2026, the Board reconstituted the following committees:

Nomination and Remuneration Committee

  • New Chairman: Mr. Anil Kumar Kabra (replacing Mr. Dilip Balkrishna Porwal)
  • Continuing Member: Mr. Dilip Balkrishna Porwal
  • New Members: Mr. Manishkumar Balkrishna Porwal, Mr. Satya Narayan Maheshwari, Mr. Mahendra Singh Rana
  • Full Committee: Mr. Anil Kumar Kabra (Chairman), Mr. Dilip Balkrishna Porwal, Mr. Basant Kishangopal Porwal, Mr. Rajiv Mahajan, Mr. Shriniwas Shivraj Bhattad, Mr. Manishkumar Balkrishna Porwal, Mr. Satya Narayan Maheshwari, Mr. Mahendra Singh Rana

Audit Committee

  • New Chairman: Mr. Anil Kumar Kabra (replacing Mr. Basant Kishangopal Porwal)
  • Removed: Mr. Basant Kishangopal Porwal, Mr. Dilip Balkrishna Porwal
  • New Members: Mr. Maheshchandra Kailashchandra Laddha, Mr. Satya Narayan Maheshwari, Mr. Mahendra Singh Rana
  • Full Committee: Mr. Anil Kumar Kabra (Chairman), Mr. Yogesh Laddha, Mr. Maheshchandra Kailashchandra Laddha, Mr. Satya Narayan Maheshwari, Mr. Mahendra Singh Rana

Stakeholder Relationship Committee

  • New Chairman: Mr. Satya Narayan Maheshwari (replacing Mr. Dilip Balkrishna Porwal)
  • Removed: Mr. Dilip Balkrishna Porwal
  • New Members: Mr. Maheshchandra Kailashchandra Laddha, Mr. Mahendra Singh Rana
  • Full Committee: Mr. Satya Narayan Maheshwari (Chairman), Mr. Yogesh Laddha, Mr. Maheshchandra Kailashchandra Laddha, Mr. Kamlesh Kailashchandra Laddha, Mr. Mahendra Singh Rana

Corporate Social Responsibility Committee

  • Removed: Mr. Dilip Balkrishna Porwal
  • New Members: Mrs. Pallavi Laddha, Mr. Anil Kumar Kabra, Mr. Mahendra Singh Rana
  • Full Committee: Mr. Yogesh Laddha (Chairman), Mrs. Pallavi Laddha, Mr. Maheshchandra Kailashchandra Laddha, Mr. Anil Kumar Kabra, Mr. Mahendra Singh Rana

Internal Complaint Committee

  • Removed: Mr. Bhagwati Lal Ahir
  • New Member: Mr. Mukesh Chandra Sharma (HR Head)
  • Full Committee: Mrs. Pallavi Laddha (Chairperson), Mrs. Munna Devi Khatik (Senior lady member), Mr. Mukesh Chandra Sharma, Mrs. Vandana Nuwal (NGO member)