Nature of change: Reappointment as Managing Director (Key Managerial Personnel)
Term: 5 years commencing from May 15, 2026
Approval Status: Subject to shareholder approval in forthcoming General Meeting
Profile: Associated with the textile industry for several years, serving on the board since 2004. Possesses in-depth experience and rich knowledge of the textile sector, covering textile manufacturing, yarn and fabric production, marketing, sourcing, exports, and business development. Has contributed significantly to the company's operations and strategic decision-making.
Relationship: Husband of Mrs. Shashi Agarwal, Whole-time Director of the company
Eligibility: Not debarred from holding office of Director by virtue of any SEBI Order or any other such authority
Mr. Sudeepta Ranjan Rout (DIN: 05106254)
Nature of change: Reappointment as Independent Director
Term: Second term of five consecutive years commencing from July 10, 2026 (first term ending July 9, 2026)
Approval Status: Subject to shareholder approval in forthcoming General Meeting
Profile: Extensive professional experience in finance, accounting, taxation, audit, and corporate governance. Possesses in-depth knowledge of financial and regulatory matters. Has been serving as Independent Director since 2021, providing valuable guidance and independent oversight on financial management and internal controls.
Relationship: No relationship (direct or indirect) with Board of Directors
Eligibility: Not debarred from holding office of Director by virtue of any SEBI Order or any other such authority
Mr. Varun Bansal (DIN: 09233433)
Nature of change: Reappointment as Independent Director
Term: Second term of five consecutive years commencing from July 10, 2026 (first term ending July 9, 2026)
Approval Status: Subject to shareholder approval in forthcoming General Meeting
Profile: Rich experience in organizational leadership, business management, and administration. Has been serving as Independent Director since 2021, providing valuable guidance on operational efficiency, business strategy, and corporate governance. Recognized for strong leadership capabilities, managerial skills, and ability to provide objective and constructive insights.
Relationship: No relationship (direct or indirect) with Board of Directors
Eligibility: Not debarred from holding office of Director by virtue of any SEBI Order or any other such authority
Mr. Vikash Jalan (DIN: 09234205)
Nature of change: Reappointment as Independent Director
Term: Second term of five consecutive years commencing from July 10, 2026 (first term ending July 9, 2026)
Approval Status: Subject to shareholder approval in forthcoming General Meeting
Profile: Extensive experience and expertise in corporate strategic planning and management. Has been serving as Independent Director since 2021, providing valuable guidance on strategic matters, business planning, risk management, and sustainable growth initiatives.
Relationship: No relationship (direct or indirect) with Board of Directors
Eligibility: Not debarred from holding office of Director by virtue of any SEBI Order or any other such authority
Board Meeting Details
Meeting Date: June 5, 2026
Timing: Commenced at 5:00 PM and concluded at 5:30 PM
Disclosure Compliance: Made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with reference to circulars SEBI/HO/CFD/PoD2/CIR/P/0155 (November 11, 2024), SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 (December 31, 2024), and SEBI Master Circular ref no. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 (January 30, 2026)
