Please find enclosed herewith intimation under regulation 30 for appointment of secretarial auditor and re-appointment of non-executive independent director, managing director and whole-time director.
Awaiting price reaction for this filing.
Shantai Industries announced that shareholders at the 40th AGM on September 24, 2025 approved four key items. Mr. Ranjit Binod Kejriwal (Practicing Company Secretary with 20 years' experience) was appointed as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30. Mrs. Vandanaben Satishbhai Dalal was re-appointed as Non-Executive Independent Director for five years starting September 26, 2025 to September 30, 2030. Mr. Harishbhai Fatandas Sawlani was re-appointed as Managing Director for five years (Nov 4, 2025 to Nov 3, 2030), with continuation of employment past age 70. Mr. Vasudev Fatandas Sawlani was re-appointed as Whole-time Director for the same five-year period, also with continuation past age 70. Both Sawlanis are brothers and have been leading the textile manufacturing business for decades.
Routine governance housekeeping with no change in leadership or control. The Sawlani family continues to run operations (MD and WTD are brothers, and the MD's wife is also a Non-Executive Director). Re-appointments of the MD and WTD past age 70 is a notable disclosure but unlikely to materially affect the stock. Investors should note the strong family concentration at the board level.