Sutlej Textiles and Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 11, 2025.
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Sutlej Textiles' board, meeting on June 11, 2025, approved three senior leadership changes. C.S. Nopany, currently a Wholetime Director, will be elevated to Managing Director designated as Executive Chairman effective August 1, 2025, for a three-year term, subject to shareholder approval at the upcoming 20th AGM. CFO Rajib Mukhopadhyay resigned effective June 11, 2025, citing better career opportunities, and was replaced the same day by Sachin Karwa, a Chartered Accountant with over 25 years of experience spanning finance, taxation, M&A, and fund raising, with leadership training from INSEAD. The revised KMP team is CEO Ashishkumar Srivastava, CFO Sachin Karwa, and Company Secretary Manoj Contractor. C.S. Nopany is a CA and Carnegie Mellon alumnus with experience across sugar, tea, shipping, textiles, and fertilizers, and is not debarred by SEBI.
The changes are largely administrative with experienced successors in place, minimizing disruption. Shareholders should watch for the AGM vote on the Chairman appointment; near-term, the seamless CFO handover should avoid any financial reporting gaps.