1. Appointment of Siddharth S. Thacker as Additional and Independent Director
Shri Siddharth S. Thacker (DIN: 07282347) was appointed as Additional Director and Independent Director
Term: Five years, from November 12, 2026 to November 11, 2031
Appointment is subject to approval of the company's members
Professional background: Accomplished legal professional and Partner at Mulla & Mulla and Craigie Blunt & Caroe
Expertise includes corporate and commercial matters, litigation, domestic and international arbitration, mergers and acquisitions, joint ventures, and infrastructure projects
Educational qualifications: Master of Laws (LL.M.) from New York University School of Law, USA; Bachelor of Laws (LL.B.) from Government Law College, University of Mumbai
No relationship with other directors of the Company
Not debarred from holding director office by SEBI or any other authority; not disqualified under Section 164 of Companies Act, 2013
2. Cessation of Rishabh Viraj Shah as President
Shri Rishabh Viraj Shah ceased as President of the Company and Senior Management Personnel
Effective date: November 12, 2026
3. Appointment of Rishabh Viraj Shah as Additional and Whole-time Director
Shri Rishabh Viraj Shah (DIN: 08642518) was appointed as Additional Director and Whole-time Director
Term: Three years, from November 12, 2026 to November 11, 2029
Appointment is subject to approval of the company's members
Professional background: Associated with the Company since January 2014, previously serving as President
Involved in overall management, business operations, revenue generation, and strategic investments
Educational qualifications: Bachelor's degree in Accounting and Finance from H.R. College of Commerce and Economics, Mumbai; LL.B. from Government Law College, Mumbai; LL.M. from University of California, Los Angeles (UCLA), USA
Relationships with other directors: Son of Shri Viraj Shah (Managing Director); relative of Shri Bharat Shah (Managing Director), Shri Hiren Shah (Chairman), and Shri Purav Shah (Whole-time Director, CFO and CEO)
Not debarred from holding director office by SEBI or any other authority; not disqualified under Section 164 of Companies Act, 2013
4. Appointment of Sunil Kumar Tyagi as Chief Operating Officer
Shri Sunil Kumar Tyagi was appointed as Chief Operating Officer designated as Senior Management Personnel
Effective date: November 23, 2026
Professional background: Senior textile industry professional with over 35 years of experience
Currently serving as Executive Director at Donear Industries Limited
Expertise in manufacturing operations, business transformation, strategic planning, organizational growth, and Theory of Constraints methodology
Experience with reputed textile companies including Donear Industries Limited, Raymond Luxury Cottons Limited, Raymond Limited, and Morarjee Mills
Educational qualifications: Bachelor of Textile Technology from VJTI, University of Mumbai; Diploma in Management Studies from University of Mumbai; TOCICO Certified Consultant in Theory of Constraints
Governing Council Member of BTRA (Bombay Textile Research Association)
Board Meeting Details
The Board Meeting commenced at 6:07 p.m. and concluded at 9:00 p.m. on November 12, 2026
