Amit Spinning Industries Limited has informed the Exchange regarding outcome of Board meeting held on May 17, 2025.
Awaiting price reaction for this filing.
The board, at its May 17, 2025 meeting, appointed Mr. Shrenik Deepak Choudhari as the new Chief Financial Officer with immediate effect. The board also reappointed the existing Internal Auditor, Secretarial Auditor, and Cost Auditor for FY 2025-26. The newly appointed CFO is a Chartered Accountant and is the son of the company's Chairman and Managing Director, Mr. Deepak Choudhari, with his mother Mrs. Madhubala Choudhari already serving as a Non-Executive Director. The company, which has recently been renamed from Amit Spinning Industries Limited to Girnar Spintex Industries Limited, has not disclosed whether the previous CFO resigned or was replaced.
The appointment of the promoter's son as CFO brings a second family member into the top management, which may raise governance concerns among minority shareholders but ensures continuity in a closely-held business. Routine auditor reappointments signal stable compliance but provide no new information on the company's financial health.