Board approves Additional Director appointment, reconstitutes committees

Board meeting outcome (held 12 Oct 2026).

Mon 12 Oct 2026

Appointment effective date

w.e.f. October 12, 2026

Proposed tenure

5 years, subject to shareholders' approval at the ensuing General Meeting

Committees reconstituted

Audit, Nomination & Remuneration, and Stakeholders Relationship Committees, each with Mr. Sudhir Kumar Asthana as Chairperson

What the Board approved

• Mr. Ramesh Nair (DIN: 01227351) has been appointed as an Additional Director in the category of Non-Executive Independent Director, with effect from October 12, 2026.
• His appointment is proposed for a period of 5 years from that date, subject to the approval of the shareholders of the Company at the ensuing General Meeting.
• The Board has confirmed that he satisfies the criteria of independence prescribed under the Companies Act, 2013 and the SEBI Listing Regulations, and that he is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority.

Committees reconstituted

The Board approved the reconstitution of three committees, each with the same three members:

• Audit Committee: Mr. Sudhir Kumar Asthana as Chairperson, with Mr. Ramesh Nair and Mr. Kathan Ronak Joshi as Members.
• Nomination and Remuneration Committee: Mr. Sudhir Kumar Asthana as Chairperson, with Mr. Ramesh Nair and Mr. Kathan Ronak Joshi as Members.
• Stakeholders Relationship Committee: Mr. Sudhir Kumar Asthana as Chairperson, with Mr. Ramesh Nair and Mr. Kathan Ronak Joshi as Members.

About Mr. Ramesh Nair

• He holds a Bachelor of Commerce (B.Com.) degree from the University of Calicut, Kerala, obtained in 1990.
• He has over 30 years of experience in the textile industry and has been associated with various companies in the sector since 1994.
• He is not related to any Director of the Company.

Meeting details

• The meeting of the Board of Directors commenced at 03:00 P.M. and concluded at 03:45 P.M.

How to read this

This is a board-composition update. An additional independent director has been brought onto the Board, and the same three directors now sit on the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders Relationship Committee.

The appointment as an Additional Director takes effect from October 12, 2026, while the five-year term is proposed subject to shareholders' approval at the ensuing General Meeting, which is the next step in the process.

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