Disclosure as per regulation 30 of SEBI(LODR), 2015
Awaiting price reaction for this filing.
Alstone Textiles held a board meeting on August 5, 2025, where it made four key appointments. Parul Agrawal & Associates was named as Secretarial Auditor for FY 2025-26, subject to shareholder approval at the upcoming AGM. Mr. Anil Prakash was appointed as Internal Auditor for five consecutive years starting FY 2025-26, on the recommendation of the Audit Committee. The board also appointed Mr. Sanjay Tulsidas Bhanushali (DIN: 11197674) and Mr. Asutosh Arun Sahu (DIN: 11198966) as Additional Non-Executive & Independent Directors, each for a term of five years, subject to shareholder approval. Both new directors are commerce graduates with finance and accounting backgrounds, and both have submitted non-debarment declarations confirming they are not barred from holding directorship by SEBI or any other authority.
This is a routine governance update with no material financial impact. The company is strengthening its audit function and adding two independent directors, which is a positive governance signal for minority shareholders. The new independent directors are relatively young with limited public profile, so investors may want to monitor their contributions at future board meetings.