Appointment of Sri. Gautam Damodar Sawang as Independent director of the Company Subject to approval of Shareholder at the Ensuring Annual General Meeting

Suryalata Spinning Mills held a Board meeting on May 25, 2026, approving multiple items including audited financials for FY2026. Standalone revenue was Rs. 47,199 Lakhs (down slightly from Rs. 48,296 Lakhs), but profit more than doubled to Rs. 2,923 Lakhs from Rs. 1,029 Lakhs. Consolidated PAT jumped to Rs. 3,546 Lakhs from Rs. 1,537 Lakhs. The company recommended a 20% dividend (Rs. 2 per share) for non-promoter shareholders, with promoters waiving their dividend. Key appointment: Mr. Gautam Damodar Sawang, a retired IPS officer and former DGP of Andhra Pradesh, appointed as Independent Director for 5 years (subject to shareholder approval). Internal and Cost auditors were re-appointed.