Change in Designation of Mr. Hari Parkash Sharma (DIN: 11256888) form additional Director to Independent Director, duly approved by shareholders in AGM held on 27th September, 2025.
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Riba Textiles Ltd has formally appointed Mr. Hari Parkash Sharma as an Independent Director of the company. He was initially appointed as an Additional Director on 31st August 2025, and shareholders confirmed his position as Independent Director at the 37th Annual General Meeting held on 27th September 2025. Mr. Sharma holds a Master's degree in Mechanical Engineering (Hons) and has experience in technical, administrative, and management roles. He will serve as Independent Director for a term of 5 years starting from 31st August 2025, and he is not related to any existing Director or Key Managerial Personnel of the company.
This is a routine corporate governance update. Adding an Independent Director brings an outside perspective to the board, which is generally positive for transparency and minority shareholder protection. No material impact on stock price is expected.