Appointment of Mr. Alok Ohrie as Additional Independent Director
SUTLEJTEX · price
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Sutlej Textiles has announced the appointment of Shri Alok Ohrie as Additional Independent Director for a 5-year term effective May 5, 2026, subject to shareholder approval at the 21st AGM. Alok Ohrie is a seasoned IT industry leader with over 35 years of experience, recently serving as President and Managing Director of Dell Technologies India Ltd until July 2025. The company also reported audited FY2026 results: standalone revenue of Rs. 2,565.68 crore (down from Rs. 2,642.36 crore), with standalone loss before tax of Rs. 111.02 crore and consolidated loss of Rs. 117.48 crore. Additionally, the board approved entry into Technical Textiles via Protective Textiles as the foundational vertical, targeting high-growth sectors including industrial safety, defence, and specialised workwear. The auditors issued unmodified opinions on both standalone and consolidated financial statements.
The appointment of an experienced external director with IT and global business expertise may bring valuable governance and strategic insights, particularly for the company's planned diversification into technical textiles. However, the company continues to report significant losses, and investors should monitor the turnaround strategy and new business expansion.