Resignation of Director.
Awaiting price reaction for this filing.
Suryavanshi Spinning Mills held a board meeting on August 13, 2025, covering several items. Ms. Sushma Gupta resigned as Non-Executive Independent Director citing personal reasons and pre-occupation. To fill the vacancy, Ms. Rajani Elaprolu, a finance professional with over 30 years of experience, was appointed as Additional Non-Executive Independent Director. The board also approved Q1 FY26 unaudited financial results, appointed HSP & Associates LLP as Secretarial Auditors for five years, approved the FY25 Directors' Report, and reconstituted the Nomination and Remuneration Committee. The new committee will be chaired by Mr. Uttam Gupta with Ms. Rajani Elaprolu and Mr. Adarsh Gupta as members.
This is a routine independent director transition with no governance red flags, as the resignation was for personal reasons and the replacement brings 30+ years of finance experience. Shareholders should note the simultaneous Q1 FY26 results approval, which will be the more material piece for stock price action.