Outcome of Board Meeting held today i.e. 31st August, 2025.
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Riba Textiles Ltd's Board of Directors met on 31st August 2025 and approved the Directors' Report and Annual Report for FY 2024-25. The 37th Annual General Meeting has been scheduled for Saturday, 27th September 2025, to be held via video conferencing. Independent Director Mr. Navnish Mittal (DIN: 07270772) resigned effective close of business hours on 1st September 2025, citing pre-occupation and personal commitments, and also stepped down as Chairman of four board committees. In his place, Mr. H.P. Sharma (DIN: 11256888), a postgraduate in Mechanical Engineering with experience in technical, administration, and management, has been appointed as Additional and Independent Director for a five-year term from 31st August 2025 to 30th August 2030, subject to shareholder approval. Board committees have been reconstituted effective 1st September 2025, with Mr. P.K. Goyal taking over as Chairman of the Audit and CSR Committees, and Mr. H.P. Sharma chairing the Nomination & Remuneration and Stakeholder Relationship Committees.
Routine corporate governance updates with no direct financial impact. The director change is a like-for-like independent director swap, and the AGM and annual report approval are standard regulatory items that should not materially affect the stock price.