Sportking India Limited has informed the Exchange regarding Appointment of Mr Puneet Singhania as Non- Executive Independent Director of the company w.e.f. August 02, 2025.
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Sportking India Limited announced four board changes approved by shareholders at the 36th AGM held on August 30, 2025. Mr. Puneet Singhania, an MBA and CFA charter holder with experience in financial services and derivatives, has been appointed as a Non-Executive Independent Director for a first term of five years effective August 2, 2025. Mrs. Harpreet Kaur Kang, a Harvard-educated educator and former journalist, has been re-appointed as Independent Director for a second five-year term starting October 17, 2025. Mr. Munish Avasthi, who has been with the company since 1992 and served as Managing Director since 1999, has been re-appointed as Managing Director and CEO for three years effective October 1, 2025. Additionally, Mr. Chetan Rupal, who has over 15 years of experience in fabric dyeing, has been appointed as Whole-time Director for three years effective August 2, 2025. None of the directors are debarred by SEBI from holding office.
This is a routine board reconstitution with continuity in leadership — the existing CEO has been re-appointed, ensuring operational stability. The addition of a finance-savvy independent director (Mr. Singhania) and a dyeing expert as whole-time director (Mr. Rupal) signals a focus on strengthening financial oversight and value-added yarn capabilities. No material price impact expected as these were anticipated governance updates.