Salona Cotspin Limited has informed the Exchange regarding Appointment of MR.GAURAV JAIN as Non- Executive Independent Director of the company w.e.f. August 23, 2025.
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The board approved appointing Mr. Gaurav Jain (DIN: 10719870) as a Non-Executive Independent Director for a one-year term effective August 23, 2025, subject to shareholder approval at the AGM. Mr. Hari Desikan Ganesh (DIN: 08710451) was re-appointed as Independent Director for a second five-year term running from September 19, 2025 to September 18, 2030. The 31st Annual General Meeting is scheduled for September 19, 2025, with a record date of September 12, 2025 for determining dividend eligibility. Mrs. Meenkumari.S will complete her second term as Independent Director on September 20, 2025, and the board acknowledged her contribution. The Audit Committee and Nomination & Remuneration Committee have been reconstituted effective September 1, 2025, and the CSR Committee has been dissolved since CSR expenditure did not exceed the ₹50 lakh threshold.
These are routine governance and board-composition changes with no material impact on operations or shareholders. The incoming director brings over two decades of industry and management experience, and the company is signalling a planned board refreshment around its AGM.