Sutlej Textiles and Industries Limited has informed the Exchange regarding Appointment of Mr Alok Ohrie as Independent Director of the company w.e.f. May 05, 2026.
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Sutlej Textiles reported a standalone loss of Rs. 79.85 crores for FY2026, slightly improved from Rs. 84.20 crores loss in FY2025. Consolidated loss stood at Rs. 86.31 crores vs Rs. 68.40 crores previous year. Revenue from operations was Rs. 2,565.68 crores, down from Rs. 2,642.36 crores. The company appointed Mr. Alok Ohrie (former President & MD of Dell Technologies India) as Additional Independent Director for 5 years, effective May 5, 2026, subject to shareholder approval. Additionally, the board approved entry into Technical Textiles, starting with Protective Textiles as the foundational vertical to diversify within the textile sector.
The company continues to burn cash with losses widening on consolidated basis due to subsidiary write-downs. The appointment of a senior IT industry veteran like Alok Ohrie to the board could bring fresh perspective for the planned diversification into technical textiles. However, shareholders will focus on the path to profitability.