PSPasari Spinning Mills521080Routine director change

Bhavna Agrawal appointed Additional Director (Non-Executive Independent) for 5 (Five) years

Pasari Spinning Mills appointed Ms. Bhavna Agrawal as an Additional Director in the Non-Executive Independent Director category, effective October 29, 2026, for 5 (Five) years.

By ScoutQuest · Fri 30 Oct 2026, 5:04 PM IST · 2 min read

Effective Date

effective October 29, 2026

Term

5 (Five) years

Appointee Shareholding

NIL equity shares of the Company

Board change at a glance

• Pasari Spinning Mills Ltd has appointed Ms. Bhavna Agrawal as an Additional Director in the category of Non-Executive Independent Director.
• The appointment is with effect from October 29, 2026.
• The Board approved it by resolution passed through circulation, on the recommendation of the Nomination and Remuneration Committee.
• The term is 5 (Five) years, and she shall not be liable to retire by rotation.
• The appointment is subject to the approval of shareholders at the next General Meeting of the Company, or within three months from the date of her appointment, whichever is earlier.

Who is she

Ms. Bhavna Agrawal is an Associate Member of the Institute of Company Secretaries of India (ICSI) and qualified as a Company Secretary in 2019. She is a Company Secretary in practice and holds a valid Certificate of Practice. Her stated areas of expertise are corporate laws, statutory and regulatory compliances, corporate governance and secretarial matters, covering Board processes and compliance requirements under the Companies Act, 2013 and other applicable corporate laws.

The update says she brings professional knowledge and an independent perspective to the Board, which would contribute towards strengthening corporate governance, regulatory oversight and compliance practices of the Company.

Declarations and independence

• She has confirmed she is not debarred from holding the office of director pursuant to any SEBI order or any other such authority.
• She is not related to any Director, Key Managerial Personnel or promoter of the Company, and is not related to any Director on the Board.
• She does not serve as an independent director in more than seven listed entities, and is not a whole-time director or managing director in any listed entity.
• She is not a member of more than ten committees, or chairperson of more than five committees, across listed entities in which she is a director.
• Her directorships and committee positions in listed entities are stated as NIL in her declaration.
• She holds NIL equity shares of the Company.

Why it matters to a retail investor

An independent director is meant to bring outside judgement to Board decisions and to sit on, or chair, key committees such as the audit committee. A fixed term of 5 (Five) years gives continuity, while the requirement of shareholder approval means the appointment will come up for a vote at the next General Meeting or within three months, whichever is earlier.

• The change is at the Board level; there is no change in shareholding arising from it, since the appointee holds NIL equity shares.
• The disclosure covers her professional background, independence declarations and relationship status with the Board.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev