SFSamtex Fashions521206Routine director change

Demise of Non-Executive Independent Director Preeti Saxena; board seat vacant

Samtex Fashions Ltd has informed BSE about the sudden and sad demise of Mrs. Preeti Saxena, its Non-Executive Independent Director, on October 16, 2026.

By ScoutQuest · Fri 16 Oct 2026, 3:30 PM IST · 2 min read

Date of Cessation

October 16, 2026

Independent Director Since

August 30, 2022

Update Regulation

Regulation 30 of the SEBI (LODR) Regulations, 2015

What the company has informed the exchange

• Samtex Fashions Ltd has informed BSE Limited about the sudden and sad demise of Mrs. Preeti Saxena, a Non-Executive Independent Director of the company.
• The intimation states that she passed away on October 16, 2026.
• She had been serving as an Independent Director of the company since August 30, 2022, and the company said she played a significant role in its governance.
• The company described her unexpected demise as an irreparable loss, and the directors and management expressed their deep sympathy, sorrow and condolences to her family.

How the change is recorded

• The update was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• The annexure records the name as Mrs. Preeti Saxena, the reason for the change as Death, and the date of cessation as October 16, 2026.
• The annexure is signed by Rinki Rani, Company Secretary and Compliance Officer.

Why an independent director matters

• An independent director is a board member who is not involved in the day-to-day running of the company and is meant to bring an outside, objective view to board decisions.
• Independent directors also sit on board committees, so a change in their numbers can affect how those committees are made up.
• A board change of this kind is an event-based disclosure, separate from the company's routine financial and business announcements.

What a reader may take away

• The disclosure is about a change in the board of the company. Her tenure on the board is recorded as running from August 30, 2022 until October 16, 2026.
• With her passing, the number of independent directors on the board has come down by one, and the board composition now stands changed from what it was before this date.

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.

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