Intimation of Re-appointment of Non-executive Director in the Company under Regulation 30 of SEBI (LODR).
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Betex India Ltd has re-appointed Mr. Mahesh Kumar Somani (DIN: 00106449) as Non-Executive Non-Independent Director for a further period of 3 years, effective from 1st October 2025 to 30th September 2028, subject to shareholder approval at the upcoming AGM. The decision was taken by the Board on 13th August 2025, based on the recommendation of the Nomination and Remuneration Committee. Mr. Somani serves as the Chairperson of the company, holds 45,000 equity shares, and has over two decades of experience in the textile industry. He is identified as a Promoter and is related to the Managing Director (Mr. Manish Somani) and Whole-time Director (Mr. Ritesh Somani).
This is a routine re-appointment with no change in control or strategy; the promoter family continues to lead the board, which provides continuity but reinforces concentrated family ownership. Shareholders should watch for the AGM approval outcome, though such re-appointments are typically procedural.