Appointment of Mr. Vishnu Agarwal as an Additional Non Executive Independent Director
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Sueryaa Knitwear Ltd's board meeting on May 8, 2026 approved the appointment of Mr. Vishnu Agarwal (DIN: 09485015) as an Additional Non-Executive Independent Director for a 5-year term from May 8, 2026 to May 7, 2031. The appointment is subject to shareholder approval at the general meeting. Mr. Agarwal is a Fellow Chartered Accountant with over 12 years of professional experience in taxation, audit, accounting, compliance, and financial advisory. He is also involved in the automobile business and is not related to any existing directors or key managerial personnel. The board also appointed M/s. Jain P & Associates as Secretarial Auditor for FY 2026-27 to 2030-31. Additionally, the company confirmed it qualifies for exemption from consolidated related party transaction disclosures due to its paid-up capital (Rs 259.78 lakh) and net worth (Rs 191.25 lakh) being below the prescribed thresholds.
The appointment strengthens the board with an experienced financial professional, which is positive for corporate governance. The small-cap company (paid-up capital under Rs 10 crore) continues to meet exemption thresholds, reducing compliance burden.