Shareholders Re-appoint CMD, Two Executive Directors and Two Independent Directors for 5 Years Each
Sh. Jawahar Lal Oswal – Chairman & Managing Director, w.e.f. 10.08.2026.
- AGM Date
- September 28, 2026
- CMD Re-appointment
- Sh. Jawahar Lal Oswal for 5 years from 10.08.2026 to 09.08.2031
- Executive Directors Re-appointed
- Smt. Ruchika Oswal and Smt. Monica Oswal for 5 years from 10.08.2026 to 09.08.2031
- Independent Directors Re-appointed
- Sh. Manikant Prasad Singh and Sh. Parvinder Singh Pruthi for second 5-year term from 01.02.2027 to 31.01.2032
What was approved
At the 18th Annual General Meeting held on September 28, 2026 through video conferencing, shareholders approved five director re-appointments.
- Sh. Jawahar Lal Oswal (aged about 83 years), Chairman & Managing Director, for a further five (5) years from 10.08.2026 to 09.08.2031. A promoter, he holds 1,05,059 equity shares.
- Smt. Ruchika Oswal (aged about 54 years), Executive Director, for five (5) years from 10.08.2026 to 09.08.2031, liable to retire by rotation. A promoter, she holds 5,15,838 equity shares.
- Smt. Monica Oswal (aged about 54 years), Executive Director, for five (5) years from 10.08.2026 to 09.08.2031, liable to retire by rotation. A promoter, she holds 5,15,837 equity shares.
- Sh. Manikant Prasad Singh (aged about 67 years), Non-Executive Independent Director, second term of five (5) years from February 1, 2027 to January 31, 2032, on completion of his current term on January 31, 2027.
- Sh. Parvinder Singh Pruthi (aged about 72 years), Non-Executive Independent Director, second term of five (5) years from February 1, 2027 to January 31, 2032, on completion of his current term on January 31, 2027.
Backgrounds
Sh. Jawahar Lal Oswal has over five decades of experience in textiles and apparel and has been with the company since inception. Smt. Ruchika Oswal has over 25 years of experience in garment manufacturing, designing and administration. Smt. Monica Oswal has over 25 years in retail, branding and advertisement and earlier served as CEO - Retail at Oswal Woollen Mills Limited. Sh. Manikant Prasad Singh is a retired IAS officer of the 1986 batch. Sh. Parvinder Singh Pruthi is a former Indian Revenue Service (Indirect Taxes) officer who retired as Chief Commissioner of Indian Customs and Central Excise.
Family links
Sh. Jawahar Lal Oswal is the father of Smt. Ruchika Oswal and Smt. Monica Oswal, and father-in-law of Sh. Sandeep Jain, Executive Director. The two independent directors have no pecuniary relationship with, and are not related to, other directors.
What it means
The board leadership stays the same, with promoter family members continuing in executive roles and both independent directors moving into a second term. None of the five is debarred from holding office of a director by any SEBI or other order.
Also from Monte Carlo Fashions
Appointment of Ernst & Young LLP as Investor Relations Agency
30 Sep 2026
More numbers
- Term of re-appointment for each directorfive (5) years
- Shares held by Sh. Jawahar Lal Oswal1,05,059 equity shares
- Shares held by Smt. Ruchika Oswal5,15,838 equity shares
- Shares held by Smt. Monica Oswal5,15,837 equity shares
- Age of Sh. Jawahar Lal Oswalabout 83 years
- Age of Smt. Ruchika Oswalabout 54 years
- Age of Smt. Monica Oswalabout 54 years
- Age of Sh. Manikant Prasad Singhabout 67 years
- Age of Sh. Parvinder Singh Pruthiabout 72 years
- Number of directors re-appointed5
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