Akshar Spintex Limited has informed the Exchange regarding Appointment of as Non- Executive Independent Director of the company w.e.f. May 21, 2025.
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Akshar Spintex Limited has appointed Mr. Sureshkumar Chaturbhai Gajera (DIN: 11106779) as an Additional Director in the category of Non-Executive Independent Director, effective May 21, 2025, for a term of 5 years. The appointment is subject to shareholder approval. Mr. Gajera holds a B.Com degree and a PGDCA, with over 10 years of experience in the cotton industry spanning procurement, inventory, logistics, and commercial operations. He does not hold directorships in any other listed entity and is not debarred by SEBI from holding office. No relationships with existing directors have been disclosed.
This is a routine board strengthening move with no immediate material impact on shareholders. The appointment is pending shareholder approval, and investors may watch for any governance changes resulting from the new independent director's tenure.