
Management Change30 Oct 2026, 10:21 pm
Pasari Spinning Mills: Director Appointments and Resignations
AI Summary
Pasari Spinning Mills Ltd announced significant management changes approved by its Board of Directors. Mr. Prem Bharath Bist has been appointed as an Additional Director (Non-Executive Non-Independent) effective October 30, 2026, subject to shareholder approval. Concurrently, Mr. Kolagunda Kumar Siddappa has resigned as Non-Executive Non-Independent Director and Chairman, and Ms. Sheela Arvind has resigned as an Independent Director, both effective October 30, 2026. These changes are in compliance with SEBI Listing Regulations.
Key Highlights
- Mr. Prem Bharath Bist appointed as Additional Director.
- Mr. Kolagunda Kumar Siddappa resigns as Director and Chairman.
- Ms. Sheela Arvind resigns as Independent Director.
- All changes effective October 30, 2026.
- Appointments subject to shareholder approval.
Price Impact
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