Intimation for Appointment and Resignation of Director.
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Awaiting price reaction for this filing.
Garware Synthetics Ltd has informed the stock exchange about changes on its board effective December 2, 2025. Mr. Harish Koraga Shriyan (DIN: 10760177) has resigned as an Independent Director, citing personal commitments and inability to dedicate adequate time; he also stepped down from the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. In his place, Mrs. Sheetal Jayesh Sawant (DIN: 11404037) has been appointed as an Additional Independent Director for a five-year term, subject to shareholder approval. Mrs. Sawant holds a Master's degree in Commerce and has experience in purchase and administration; she is not related to any existing director and is not debarred by SEBI from holding directorship.
This is a routine, like-for-like replacement of an Independent Director with no governance red flags. The change is unlikely to materially affect shareholders or the stock price, as the company has quickly filled the vacancy and committee compositions can be reconstituted.