Shareholders At 17th AGM Approve Whole-Time Director Re-Appointment And Three Independent Director Appointments
Re-appointment of Mr. Maheshchandra Kailashchandra Laddha as Whole-time Director for 3 years from 09.08.2027.
- Whole-time Director Re-appointment
- Mr. Maheshchandra Kailashchandra Laddha re-appointed for 3 years from 09.08.2027
- Independent Director Appointments
- Mr. Manishkumar Balkrishna Porwal, Mr. Satya Narayan Maheshwari, and Mr. Mahendra Singh Rana appointed for 5 years w.e.f. 02.09.2026
- AGM Date
- 29th September 2026
- Director Experience
- Maheshchandra Laddha: 34 years; Porwal: 25 years in textiles; Maheshwari: 41 years at SBI; Rana: 20 years in insurance
What was approved
At the 17th Annual General Meeting held on 29th September 2026, shareholders approved four board-related resolutions.
- Re-appointment of Mr. Maheshchandra Kailashchandra Laddha as Whole-time Director for a further 3 (three) years from 09.08.2027 to 08.08.2030. His current term ends on 08/08/2027. He was first appointed on 15/02/2011 and is a graduate with 34 years of experience in marketing, administration and production. He is related to other directors on the board (father, brothers and a brother's wife).
- Appointment of Mr. Manishkumar Balkrishna Porwal as Independent Director for a first term of 5 (five) years with effect from 02/09/2026. He is a Chartered Accountant with 25 Years experience in the textile industry, and is the brother of Mr. Dilip Balkrishna Porwal, Independent Director.
- Appointment of Mr. Satya Narayan Maheshwari as Independent Director for a first term of 5 (five) years from 02/09/2026. He holds M.COM and CAIIB and was Ex-Assistant General Manager at State Bank of India with 41 years of service there. He is not related to any director.
- Appointment of Mr. Mahendra Singh Rana as Independent Director for a first term of 5 (five) years from 02/09/2026. He holds B.A. and LLB and was Ex-Assistant Vice President of SBI General Insurance Company Limited with 20 Years of service there. He is not related to any director.
Other points
The company states that none of these directors is debarred from holding office of a director by virtue of any SEBI order or other such authority.
How to read it
This is a governance and board-composition update confirming shareholder ratification of board changes. It does not by itself change the company's operations or financial position.
More numbers
- Whole-time Director re-appointment term3 (three) years
- Independent Director first term (each)5 (five) years
- Experience of Mr. Maheshchandra K. Laddha34 years of experience
- Mr. Manishkumar Porwal textile industry experience25 Years experience
- Mr. Satya Narayan Maheshwari service at SBI41 years Service
- Mr. Mahendra Singh Rana service at SBI General Insurance20 Years Service
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