To Appoint Mr. Ashish R Agarwal as an Additional (Independent) Director w.e.f. 28.03.2026.
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Satyam Silk Mills Ltd has informed the stock exchanges that its Board of Directors has appointed Mr. Ashish Rameshwar Agarwal (DIN: 11385082) as an Additional (Independent) Director with effect from March 28, 2026. The appointment is for a 5-year term, subject to approval from shareholders. Mr. Agarwal is a Chartered Accountant with over 7 years of experience in taxation matters. The company has confirmed that he is not debarred from holding a directorship by any SEBI order or other authority. The disclosure has been signed by Rohitkumar Mishra, Director of the company.
This is a routine board strengthening move with a new independent director bringing taxation expertise, which is positive for governance. No immediate material impact on share price is expected, but the appointment will need shareholder approval at the next general meeting.