StockWatch
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Other Textile Products
Management Change28 Jul 2026, 04:50 pm

Sangam India Appoints New Independent Director, Reconstitutes Board Committees

AI Summary

Sangam India Ltd has announced the appointment of Mr. Ranjan Jagetia as an Additional Director in the category of Non-Executive Independent Director, effective July 28, 2026. This appointment is subject to shareholder approval and was recommended by the Nomination and Remuneration Committee. Consequent to this appointment and the resignation of Mr. Sudhir Maheshwari, the company has also reconstituted its Audit Committee and Stakeholders Relationship Committee. Additionally, the chairmanship of the Risk Management Committee has changed, with Mr. Vinod Kumar Sodani now serving as Chairman. Mr. Jagetia brings extensive experience from the apparel sourcing and distribution sector and holds an MBA and Master of Accountancy.

Key Highlights

  • Ranjan Jagetia appointed as Non-Executive Independent Director.
  • Audit and Stakeholders Relationship Committees reconstituted.
  • Risk Management Committee sees a change in Chairmanship.
  • Appointment subject to shareholder approval.
  • Director not related to any existing company director.