a) Appointment of Mr. Arvind Kumar Newar and Mrs. Manju Khator as Non-Executive Independent Director b) Cessation in office of Non-Executive Independent Director of Mr. Giriraj Maheswari ....
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Kajal Synthetics & Silk Mills informed the stock exchange about changes to its board following the October 1, 2025 board meeting. Two new Non-Executive Independent Directors have been appointed for a 5-year term starting October 1, 2025: Mr. Arvind Kumar Newar (75 years old, approved by special resolution) and Mrs. Manju Khator (approved by ordinary resolution). At the same time, two existing Independent Directors — Mr. Giriraj Maheswari and Mrs. Rajshree Tapuriah — ceased to hold office from September 30, 2025 due to the expiry of their second consecutive 5-year term. The Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee have all been reconstituted to reflect these changes, with Mrs. Manju Khator now chairing the Audit and NRC committees.
This is a routine board refresh with no disruption to operations — outgoing directors completed their full terms and replacements were already pre-approved at the AGM on September 29, 2025. Shareholders should note continuity of board oversight with a fresh independent director team, though no material change in strategy is signaled.