Announced Tue, 10 Jun · 19:25 IST

Please find attached herewith intimation for change in management.

Management Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Harish Textile Engineers Limited informed BSE of multiple board-level changes approved on 10 June 2025. Mr. Ritesh Patel resigned as Non-Executive Independent Director due to personal commitments and other engagements, effective the close of business hours that day. In his place, Mr. Ashwini Ramakant Gupta (age 32, a practicing Company Secretary and ICSI member) was appointed as Additional Independent Director for a five-year term, subject to shareholder approval via postal ballot. All three key committees (Audit, Nomination & Remuneration, and Stakeholders Relationship & Grievance) have been re-constituted with the new director. Additionally, M/s D N Vora & Associates was re-appointed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), and M/s Y. S. Thakar & Co. was re-appointed as Cost Auditor for FY 2025-26. The Managing Director, Mr. Sandeep Gandhi, continues in his role with no changes.

Likely market impact

This is a routine board-level reshuffle with one independent director exit and a like-for-like replacement, so shareholders should not expect any major strategic or operational impact on the company. Auditor re-appointments signal continuity in compliance and cost oversight. No immediate stock-price catalyst is apparent.