New Independent Director appointed, committees reconstituted
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The board appointed Mr. Ramesh Nair as an Additional Non-Executive Independent Director for 5 years from October 12, 2026, subject to shareholder approval. He holds a B.Com from the University of Calicut and has over 30 years of textile industry experience. The Audit, Nomination and Remuneration, and Stakeholders Relationship Committees have been reconstituted with Mr. Nair as a member and Mr. Sudhir Kumar Asthana as Chairperson. All three committees now comprise three Non-Executive Independent Directors.
Routine governance update. No material financial impact expected; strengthens independent oversight on key board committees.