Akshar Spintex Limited has informed the Exchange regarding Appointment of Mr Bhavin Jayantibhai Kothiya (DIN: 11379649] as Non- Executive Independent Director of the company w.e.f. November 24, 2025.
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Akshar Spintex Limited has appointed two directors following shareholder approval through a postal ballot (remote e-voting) with results declared on February 20, 2026. Mr. Bhavin Jayantibhai Kothiya (DIN: 11379649) has been appointed as Non-Executive Independent Director for a 5-year term effective November 24, 2025, to November 23, 2030; he holds a B.Sc degree and has over 4 years of experience as a Quality Inspector in the pharmaceutical sector. Mr. Harry Paghdar (DIN: 11096100), aged 28, a B.Tech Engineering graduate with 5+ years of experience in the cotton industry, has been appointed as Executive Director for a 5-year term from February 18, 2026 to February 17, 2031. Notably, Mr. Harry Paghdar is related to the existing Executive Director, Mrs. Ilaben D. Paghdar, indicating a family connection on the board. Both directors are not debarred from holding office by SEBI or any other authority.
The appointments strengthen the board, but the entry of Mr. Harry Paghdar as Executive Director, given his family relationship with existing Executive Director Mrs. Ilaben D. Paghdar, may raise governance concerns among retail investors about promoter family concentration. Shareholders should monitor board independence and related-party disclosures going forward.