Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Board of Directors at its meeting held today i.e. Wednesday 11th June, 2025 ....
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The board held a meeting on 11th June 2025 and approved several major changes. Mr. Sandeep Makkad was re-designated from Managing Director to Non-Executive Director and also stepped down as Chief Financial Officer (CFO) due to work pressures. Mrs. Himanshi Sharma, a commerce graduate with 8+ years of finance experience, was appointed as the new Managing Director (1-year term) and also took over as CFO, consolidating both top roles. Mr. Suraj Prakash Goel was re-designated from Non-Executive to Executive Director. Mr. Gurcharan Lal Makkad (80 years old) resigned as Director citing age and health reasons. The company also proposed changing its name from 'New Light Apparels Limited' to 'New Light Industries Limited' and amended its objects clause to expand into electrical/electronic products, textiles, electric vehicles (EVs), and e-commerce businesses. New Secretarial Auditor (Sumit Bajaj & Associates) and Internal Auditor (Sahil Gambhir & Associates) were also appointed for FY2025-26.
For shareholders, the key takeaway is a significant top-management reshuffle where one person (Himanshi Sharma) now holds both MD and CFO roles, which is unusual and concentrates power. The company is also signalling a strategic pivot away from just apparels into EVs, electronics, and e-commerce, backed by the name change and expanded business objects clause.