Shrenik Limited has informed the Exchange regarding Board meeting held on July 01, 2025
SHRENIK · price
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Shrenik Limited's board, at its meeting on July 1, 2025, appointed Mr. Viren Shantikam Shah (DIN: 09058613) as an Additional Non-Executive Independent Director for a five-year term starting July 1, 2025, subject to shareholder approval. Mr. Shah holds a Bachelor of Commerce degree and has around 15 years of experience in the paper industry, with strong marketing and managerial skills. He is not related to any existing director and has not been debarred by SEBI from holding a directorship. Following this appointment, the board also reconstituted three key committees — Audit Committee, Nomination & Remuneration Committee, and Stakeholders' Relationship Committee — with Mr. Shah taking over as Chairman of the Audit Committee.
This is a routine governance update with no negative implications. The addition of an independent director with relevant industry experience could strengthen board oversight and audit functions. Shareholders will need to approve the appointment at the next general meeting before it becomes permanent.