Outcome of Board Meeting held on August 30, 2025
Price
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The board of Shahlon Silk Industries re-appointed three promoter brothers — Dhirajlal R. Shah as Executive Chairman, Arvind R. Shah as Managing Director, and Nitin R. Shah as Whole-time Director — each for a 3-year term from October 1, 2025 to September 30, 2028, subject to shareholder approval. The board also regularised the appointment of Ms. Ketaki Naginbhai Patel as a Non-Executive Non-Independent Director for a first term of 5 years from August 23, 2025. Additionally, M/s JDM and Associates LLP was appointed as Secretarial Auditor for 5 years (until the 2030 AGM), and M/s PNR & Co. LLP was appointed as Cost Auditor for FY 2025-26. The 17th AGM has been scheduled for September 30, 2025, with the record date for dividend eligibility set as September 19, 2025 and book closure from September 20–30, 2025.
Continuity at the top with the promoter Shah brothers retaining all three key executive positions signals stable leadership but reinforces promoter-family control of the board. Shareholders should watch for the final dividend declaration at the upcoming AGM and the related record/book closure dates.