Mr. Dinesh Oswal (DIN: 00607290) has been reappointed as Managing Director of the company for 5 consecutive years effective January 1, 2027 up to December 31, 2031.
Age: 61 years
Qualification: Commerce graduate
Experience: Has more than 41 years of business experience in textile and financial industry with financial expertise
Role: Manages the affairs of the company on day-to-day basis as per the directions and superintendence of the Board
Relationships: Son of Mr. Jawahar Lal Oswal (DIN: 00463866), Director/Chairman and brother of Mr. Kamal Oswal (DIN: 00493213), Director of the company
Compliance: Not debarred from holding office of Director by virtue of any SEBI Order or any other such authority. Has submitted declaration that he is not disqualified from holding office of director pursuant to provisions of Section 164 of the Companies Act, 2013.
Reappointment of Independent Directors
Dr. Yash Paul Sachdeva (DIN: 02012337) reappointed as Independent Director for a second term of 5 consecutive years effective August 24, 2027 up to August 23, 2032
Age: 64 years
Qualification: MBA with specialization in Financial Management and Ph.D. in Capital Markets and Investment Management
Experience: Eminent educationist with more than 30 years of experience in Business Management and Administration. Retired as Professor in the Business Administration Department of Punjab Agriculture University, Ludhiana.
Compliance: Not debarred from holding office of Director by virtue of any SEBI Order. Has submitted declaration that he is not disqualified from holding office of director pursuant to provisions of Section 164 of the Companies Act, 2013.
Dr. Anchal Kumar Jain (DIN: 09546925) reappointed as Independent Director for a second term of 5 consecutive years effective August 24, 2027 up to August 23, 2032
Age: 67 years
Qualification: B.Tech, M.Tech, Ph.D. in Soil and Water Engineering
Experience: More than 40 years of experience in teaching, research and academic administration. Retired as Professor and Head (Soil and Water Engineering) from Punjab Agriculture University. Has also served as Professor at Lovely Professional University, Phagwara (Punjab).
Compliance: Not debarred from holding office of Director by virtue of any SEBI Order. Has submitted declaration that he is not disqualified from holding office of director pursuant to provisions of Section 164 of the Companies Act, 2013.
Any Other Material Information
Members approved by way of Special Resolution the continuation of holding of office as Non-Executive Director by Satish Kumar Sharma (DIN: 00402712) upon attaining the age of 75 years.
The approvals were given at the 46th Annual General Meeting held on Friday, September 25, 2026 at 10:00 AM through Video Conferencing or Other Audio Visual Means.
The disclosure is made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI circular No. SEBI/HO/CFD/POD2/CIR/P/2026/3762 dated January 30, 2026.
