StockWatch
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Other Textile Products
Management Change28 May 2026, 06:09 pm

531503: Board Recommends Reappointment of T Raghuraman as MD for 3 Years

AI Summary

The Board of Directors of 531503 (Maris Spinners Limited) at its meeting on May 28, 2026, approved and recommended the reappointment of Mr. T Raghuraman (DIN: 01722570) as the Managing Director. His new tenure will be for a period of 3 years, effective from September 23, 2026, to September 22, 2029. This reappointment is contingent upon the approval of shareholders at the forthcoming 47th Annual General Meeting. Mr. Raghuraman, a promoter of the company, is recognized for his extensive experience in the textile industry and his significant contributions to the company's growth. He is also related to Mr. T Jayaraman (Director) and Mr. Athithya Raghuraman (Wholetime Director).

Key Highlights

  • Board recommends T Raghuraman's reappointment as Managing Director.
  • New term is for 3 years, from Sep 23, 2026, to Sep 22, 2029.
  • Reappointment is subject to shareholder approval at the upcoming AGM.
  • Mr. Raghuraman is a promoter with vast textile industry experience.
  • He is related to other directors, indicating family involvement.