StockWatch
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Other Textile Products
Management Change24 Jul 2026, 05:40 pm

Sky Industries: Director Tenure Ends, MD Appointed New Chairperson

AI Summary

Sky Industries Ltd announced significant board changes. Mr. Amarendra Mohapatra, Non-Executive Independent Director and Chairperson, will complete his second term on July 26, 2026, and will cease to hold office. Concurrently, Mr. Shailesh S Shah, currently Promoter & Managing Director, has been appointed as the new Chairperson of the Board, effective July 27, 2026. The company also announced the reconstitution of its Audit Committee, Nomination & Remuneration Committee, Stakeholders' Relationship Committee, and Corporate Social Responsibility Committee, with new members and chairpersons taking effect from the same date.

Key Highlights

  • Independent Director & Chairperson Amarendra Mohapatra completes tenure July 26, 2026.
  • Managing Director Shailesh S Shah appointed new Board Chairperson from July 27, 2026.
  • Board committees reconstituted effective July 27, 2026.
  • Changes follow recommendation from Nomination and Remuneration Committee.