Siyaram Silk Mills Limited has informed the Exchange regarding Appointment of Mr Prakash Dalmia as President Finance as Other of the company w.e.f. May 12, 2025.
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Siyaram Silk Mills has announced two board-approved appointments effective May 12, 2025. Mr. Prakash Dalmia, a Chartered Accountant and All India rank holder with over 22 years of experience mostly at ITC Limited in finance, audit, controllership, and corporate planning roles, has been appointed as President – Finance and designated as Senior Managerial Personnel. Additionally, M/s. GMJ & Associates, Company Secretaries, has been appointed as Secretarial Auditor for a five-year term until the 52nd AGM, pending shareholder approval at the upcoming 47th AGM. The new President-Finance brings strong FMCG and multi-industry finance expertise, which could strengthen the company's financial management as Siyaram continues to operate in the textile and apparel space.
This is a routine governance update with no negative signals — it reflects continuity and strengthening of the finance leadership. Shareholders are unlikely to see any short-term stock price impact, though the experienced external hire may be viewed positively by the market.