Appointment of Mr. Vishnu Agarwal as an Additional Non-Executive Independent Director
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Sueryaa Knitwear's board has appointed Mr. Vishnu Agarwal as an Additional Non-Executive Independent Director for a 5-year term (May 2026 to May 2031), pending shareholder approval. Agarwal is a Fellow Chartered Accountant with over 12 years of experience in taxation, audit, compliance, and financial advisory, and also has experience in the automobile business. The appointment was recommended by the Nomination & Remuneration Committee. Agarwal confirmed he is not related to any existing directors or KMPs and is not debarred from holding a directorship. The board meeting on May 8, 2026 also approved appointing M/s. Jain P & Associates as Secretarial Auditor for FY 2026-27 to 2030-31, and noted the company qualifies for exemption from consolidated Related Party Transaction disclosures due to its small size (paid-up capital Rs 259.78 lakh, net worth Rs 191.25 lakh).
The appointment of a qualified independent director with financial expertise strengthens board governance and independence, which is positive for shareholder oversight. As a small company below SEBI's thresholds, this appointment follows normal governance practices rather than addressing any compliance concerns.