Somi Conveyor Beltings Limited has informed the Exchange regarding Appointment of Mr Rajesh Garg as Non- Executive Independent Director of the company w.e.f. October 01, 2025.
SOMICONVEY · price
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At its 25th Annual General Meeting on September 30, 2025, Somi Conveyor Beltings shareholders approved the appointment of two new Independent Directors for a first term of 5 years each, effective October 1, 2025. Mr. Rajesh Garg (53, Commerce graduate with 17+ years in Corporate Law, Economics, Finance, and Taxation) joins as a Non-Executive Independent Director, and Mrs. Shashi Modi (43, Science graduate with 8 years in Strategic Management) joins as a Non-Executive Independent Woman Director. Neither is related to existing Directors or Key Managerial Personnel. The company also appointed M/s Saharia and Associates as Secretarial Auditor for 5 financial years from FY 2025-26 to FY 2029-30.
This is a routine governance update that strengthens the board with fresh independent oversight, including compliance with the requirement for an independent woman director. No material impact on shareholders or stock price is expected from these appointments.