Appointment of Chairman and Managing Director of the Company
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Samtex Fashions has re-appointed Mr. Atul Mittal (DIN: 00223366) as Chairman and Managing Director for a fresh five-year term starting August 30, 2025 to August 29, 2030, subject to shareholder approval. Mr. Mittal has been on the board since July 2002 and has around 23 years of experience, indicating leadership continuity at the top. The board also appointed Mr. Debananda Nayak, a practicing Company Secretary, as Internal Auditor for FY2025-26, and M/s DMK Associates as Secretarial Auditor for five years from April 1, 2025 to March 31, 2030. These appointments were made on the recommendation of the Nomination and Remuneration Committee and are subject to shareholder approval at the upcoming AGM.
This is a routine governance update with no negative implications for shareholders. Re-appointment of the existing CMD signals continuity in leadership and strategy, while the new auditor appointments strengthen compliance and audit oversight.