Director Changes Approved:

1. Reappointment of Shri Piyush Mutha (DIN: 00424206) as Managing Director

  • Approved for a period of three years, effective from 01.04.2027 to 31.03.2030
  • Subject to approval of members in the ensuing Annual General Meeting
  • Recommended by Nomination and Remuneration Committee
  • Profile: Over 33 years of experience in cotton industry and business, with expertise in conceptualizing, planning, directing and implementing business decisions
  • Relationship disclosure: Brother of Shri Praneet Mutha, Director of the Company
  • Confirmed not debarred from holding director office by any SEBI order or authority

2. Completion of Term of Smt. Deepa Sudhir Mekal (DIN: 05222280)

  • Completion of 2nd term of 5 years as Non-Executive Independent Director
  • Effective from closure of business hours on 31st March, 2027
  • Confirmed not debarred from holding director office by any SEBI order or authority

3. Appointment of Smt. Muskaan Gupta (DIN: 09563359) as Additional Director

  • Appointed as Non-Executive Independent Director effective 10th August, 2026
  • Term: Until regularization in ensuing Annual General Meeting for one year starting 10th August 2026
  • Recommended by Nomination and Remuneration Committee
  • Profile: Rich experience in Corporate Governance, Secretarial & Regulatory Compliance, Corporate Laws, Board Processes, Risk Management, and Stakeholder Governance
  • No relationships with other directors disclosed
  • Confirmed not debarred from holding director office by any SEBI order or authority

4. Reappointment of Shri Manish Jhanwar (DIN: 05312225) as Non-Executive Independent Director

  • Approved for period of five years, effective from 03.05.2027 to 02.05.2032
  • Subject to approval of members in the ensuing Annual General Meeting
  • Recommended by Nomination and Remuneration Committee
  • Profile: 15 years experience in Statutory Audit & Investment Banking, Internal Audit, Tax Audit and Certification work
  • No relationships with other directors disclosed
  • Confirmed not debarred from holding director office by any SEBI order or authority

5. Completion of Tenure of Shri Manglore Maruthi Rao (DIN: 00776063)

  • Completion of tenure as Whole Time Executive Director
  • Effective from closure of business hours on 28th October, 2026
  • Confirmed not debarred from holding director office by any SEBI order or authority