Announced Sat, 30 Aug · 15:51 IST

Announcement under Regulation 30(LODR)- Change in Directorate

Management Changes View source PDF

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AI summary

Prakash Woollen & Synthetic Mills Ltd has appointed Mr. Deepak Oberoi (DIN: 11191007) as a Non-promoter, Non-executive, and Non-Independent Director of the company. The appointment was approved by shareholders at the Annual General Meeting held on 30th August 2025 and will be effective from 1st September 2025. Mr. Oberoi is a qualified mechanical engineer with experience in industrial engineering, manufacturing technology, and operational excellence. He has no relationship with existing directors on the board and will serve liable to retire by rotation with no fixed term. The appointment was made pursuant to Section 152 of the Companies Act and SEBI LODR Regulations.

Likely market impact

This is a routine board-level addition with no management or promoter change involved. Shareholders are unlikely to see any material impact on stock price or operations from this appointment.