Announced Fri, 8 Aug · 17:40 IST

The Board has approve the followings 1 re-appointment of Sh. Anil Kumar Sharma as an ED & CEO 2 re-appointment of Sh. Ashish Bagrodia as CMD

Management Changes View source PDF

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Awaiting price reaction for this filing.

AI summary

The board of Winsome Textile Industries, at its meeting on 8 August 2025, approved the re-appointment of Sh. Anil Kumar Sharma as Executive Director & CEO for a period of three years effective 12 February 2026. It also approved the re-appointment of Sh. Ashish Bagrodia, who is the Promoter of the company, as Chairman & Managing Director for five years (with remuneration fixed for three years) effective 1 February 2026. Both re-appointments are subject to shareholder approval at the next general meeting. Anil Kumar Sharma, aged 71, has been CEO since February 2020, while Ashish Bagrodia, aged 55, has led the company as CMD with two decades of textile industry experience. The filing notes that none of the directors are related to each other.

Likely market impact

This is a routine leadership continuity announcement with no change in management — both executives are being retained. Shareholders will get to vote on these terms at the upcoming general meeting, but no immediate impact on operations or stock price is expected.