Nature of change: Re-appointment as Director liable to retire by rotation
Name and DIN: Sri Paritosh Agarwal (DIN: 00008738)
Effective date: Approved at 63rd Annual General Meeting held on 30 September 2026
Profile: Graduate with over 32 years of experience in textile industry. Instrumental in setting up the 10 million metre Denim plant at Ramtek in 1997, which grew to 40 million metre capacity. Extensive experience in export business, yarn and fabric segments with exposure to international brands and customers including Walmart, Amazon, Levi's and Kontoor. Played significant role in Company's denim and textile business growth and development.
Relationship: Son of Sri L.N. Agarwal, Chairman and Managing Director of the Company
Current role: His existing position as Managing Director remains unchanged with term continuing from 21 June 2025 to 20 June 2030
Appointment of Sri Venkata Phani Kiran Kumar Immaneni
Nature of change: Appointment as Non-Executive Independent Director
Name and DIN: Sri Venkata Phani Kiran Kumar Immaneni (DIN: 11737207)
Effective date and tenure: Appointed by Board with effect from 27 July 2026, approved by Members at 63rd AGM on 30 September 2026 for 5 consecutive years from 27 July 2026 to 26 July 2031. Not liable to retire by rotation.
Profile: Seasoned banking professional with over 33 years of experience, including 15 years in China and Hong Kong with extensive exposure to international banking, business strategy and financial markets. Served as Chief Executive and Country Head in China/Hong Kong for over 12 years, playing key role in establishing overseas branches of Indian banks involving regulatory coordination, strategic implementation and stakeholder management. Expertise in business development, market expansion, strategic partnerships, client relationship management, operational leadership, financial planning, regulatory compliance and team management across diverse environments.
Relationship: Not related to any Directors or Key Managerial Personnel of the Company
