StockWatch
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Other Textile Products
AGM/EGM30 Sept 2026, 06:11 pm

Suryalakshmi Cotton Mills: Director Re-appointed, New Independent Director Appointed

AI Summary

Suryalakshmi Cotton Mills Limited announced at its 63rd Annual General Meeting held on September 30, 2026, the re-appointment of Sri Paritosh Agarwal as a Director liable to retire by rotation. His existing term as Managing Director continues from June 21, 2025, to June 20, 2030. The company also appointed Sri Venkata Phani Kiran Kumar Immaneni as a Non-Executive, Independent Director for a five-year term from July 27, 2026, to July 26, 2031. Both resolutions were approved by the members with the requisite majority. Sri Paritosh Agarwal, son of Chairman and Managing Director Sri L.N. Agarwal, brings over 32 years of experience in the textile industry, notably in the denim sector.

Key Highlights

  • Sri Paritosh Agarwal re-appointed as Director liable to retire by rotation.
  • Sri Venkata Phani Kiran Kumar Immaneni appointed as Non-Executive Independent Director.
  • New directorships approved at the 63rd Annual General Meeting.
  • Independent Director appointment is for a 5-year term ending July 2031.
  • Sri Paritosh Agarwal has extensive experience in the textile and denim industry.