Sarla Performance Fibers Limited has informed the Exchange regarding Change in Director(s) of the company.
SARLAPOLY · price
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Awaiting price reaction for this filing.
At the 32nd Annual General Meeting held on June 25, 2025, shareholders approved two board changes. Ms. Neha Jhunjhunwala was re-appointed as Executive Director through the retirement-by-rotation route, continuing her role leading Marketing & Sales. Mr. Kanav Jhunjhunwala's designation was changed from Executive Director to Whole-Time Director for a 5-year term running from April 25, 2025 to April 24, 2030, making him not liable to retire by rotation. Both directors are from the promoter family — they are children of Managing Director Mr. Krishna Jhunjhunwala and siblings of each other. The company confirmed that neither director is debarred from holding office by SEBI or any other regulatory authority.
This is a routine board continuity announcement with no negative governance signals. The promoter family continues to hold key executive positions, with Kanav securing a fixed 5-year term that removes the rotation requirement. Shareholders should view this as stable leadership rather than a catalyst for stock movement.