Change in Director / Key Managerial Personnel

  • Nature of change: Re-appointment of Mr. Vijay Bansal as Chairman and Managing Director and Mr. Deepak Bansal as Whole-Time Director.
  • Name and DIN: Mr. Vijay Bansal and Mr. Deepak Bansal (DINs not disclosed in the document).
  • Effective date and tenure: Both reappointments are effective from April 1, 2027, to March 31, 2032, for a period of 5 years, subject to shareholder approval at the ensuing Annual General Meeting.
  • Profile and qualifications:
  • Mr. Vijay Bansal: Chairman and Managing Director with 37 years of overall experience. Instrumental in strategic planning, business development, and establishment of the company's brand. Responsible for overall management and supervision of the business.
  • Mr. Deepak Bansal: Whole-Time Director with over 20 years of extensive experience in the retail apparel industry. Provides strategic leadership for retail operations, business expansion, and marketing initiatives. Responsible for developing marketing strategies, overseeing advertising campaigns, and driving retail growth. Has contributed to the company's expansion, operational excellence, and brand development.
  • Relationship with other directors: Mr. Deepak Bansal is the son of Mr. Vijay Bansal. Mr. Basant Goyal is the brother-in-law of Mr. Deepak Bansal.

Key Financial or Operational Approvals

  • Approval of Financial Results: The Board considered and approved the Un-Audited Standalone Financial Results for the quarter ended June 30, 2026.
  • Auditor Review: The Board reviewed and considered the Limited Review Report issued by the Statutory Auditors on the Unaudited Financial Results for the quarter ended June 30, 2026.
  • Dividend Recommendation: The Board recommended a Final Dividend of ₹0.75 (Rupees Seventy Five Paisa Only) per share, which is 37.5% on equity shares of face value ₹2/- (Rupees Two only) each, fully paid up, for the financial year ended March 31, 2026. This is subject to shareholder approval at the ensuing Annual General Meeting.
  • Record Date: The record date for the purpose of payment of the final dividend is August 28, 2026.
  • AGM Notice: The Board approved the Notice of the 38th Annual General Meeting (AGM) of the Company.

Strategic or Business Context

No specific strategic or business context, outlook, or commentary was provided in the disclosure beyond the director reappointments and dividend declaration.

Any Other Material Information

  • Meeting Details: The 329th Board Meeting was held on August 5, 2026, from 12:00 PM to 4:00 PM at C-12, Lawrence Road Industrial Area, New Delhi-110035.
  • Regulatory Compliance: The disclosure is made pursuant to Regulation 30 & 33 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Company Contact: The disclosure was signed by Poonam Chahal, Company Secretary & Compliance Officer (FCS No. 9872).