Change in Director / Key Managerial Personnel

Reappointment of Managing Director

  • Nature of change: Reappointment of Mr. Dinesh Oswal (DIN: 00607290) as Managing Director
  • Effective date: January 1, 2027
  • Term: Five consecutive years from January 1, 2027 to December 31, 2031 (both days inclusive)
  • Profile: 61 years old, commerce graduate with more than 41 years of experience in Textile Industry and financial expertise. Involved in company operations since inception. Responsible for strategic decision-making, business development, and overall governance of the company. Has financial acumen and capital market expertise.
  • Relationships: Son of Mr. Jawahar Lal Oswal (DIN: 00463866), Director/Chairman, and brother of Mr. Kamal Oswal (DIN: 00493213), Director of the company
  • Eligibility: Not debarred from holding office of Director by virtue of any SEBI Order or any other such authority
  • Compliance: Submitted declaration that he is not disqualified from holding office of director pursuant to Section 164 of Companies Act, 2013

Reappointment of Independent Directors

Dr. Yash Paul Sachdeva (DIN: 02012337)

  • Nature of change: Reappointment as Independent Director for second term
  • Effective date: August 24, 2027
  • Term: Second term of five years from August 24, 2027 to August 23, 2032 (both days inclusive)
  • Profile: 64 years old, MBA with specialization in Financial Management and Ph.D. in Capital Markets and Investment Management. Eminent educationist and corporate advisor with specialization in Accounting and Financial Management, Security Analysis and Portfolio Management, and Management Control Systems. More than 30 years of experience in Business Management and Administration. Retired as Professor of Business Management from Punjab Agricultural University, Ludhiana.
  • Relationships: None disclosed
  • Eligibility: Not debarred from holding office of Director by virtue of any SEBI Order or any other such authority
  • Compliance: Submitted declaration that he is not disqualified from holding office of director pursuant to Section 164 of Companies Act, 2013

Dr. Rajan Dhir (DIN: 09632451)

  • Nature of change: Reappointment as Independent Director for second term
  • Effective date: August 24, 2027
  • Term: Second term of five years from August 24, 2027 to August 23, 2032 (both days inclusive)
  • Profile: Holds M.Sc., MBA, NPTEL Marketing and Ph.D. in Management. Has more than 39 years of experience in Business Management and Administration. Has written various Research Papers on different topics predominantly Corporate Governance.
  • Relationships: None disclosed
  • Eligibility: Not debarred from holding office of Director by virtue of any SEBI Order or any other such authority
  • Compliance: Submitted declaration that he is not disqualified from holding office of director pursuant to Section 164 of Companies Act, 2013

Governance Context

  • Approval mechanism: Shareholders approved the reappointments at the 21st Annual General Meeting held on Friday, September 25, 2026 at 12:30 pm through Video Conferencing or Other Audio Visual Means
  • Regulatory compliance: Disclosure made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. SEBI/HO/49/1ayl4(7)2025-CFD-PODeylA762Q026 dated January 30, 2026