Submission of appointment and resignation.
Price
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Awaiting price reaction for this filing.
Garware Synthetics has informed the stock exchange that Mr. Harish Koraga Shriyan (DIN: 10760177) has resigned as an Independent Director effective close of business on 2 December 2025, citing personal commitments and inability to dedicate adequate time. He is also stepping down from the Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee. In his place, Mrs. Sheetal Jayesh Sawant (DIN: 11404043) has been appointed as an Additional Non-Executive Independent Director for a five-year term starting 2 December 2025, subject to shareholder approval. Mrs. Sawant holds a Master's degree in Commerce and has experience in purchase and administration, and is not related to any existing director. No governance concerns or material reasons were cited for the resignation.
This is a routine board-level change with no governance red flags, no promoter/family involvement, and no impact on operations or financials. Shareholders should note that the appointment is subject to approval at the next general meeting, but the change is unlikely to materially affect the stock price.