Amarjothi Spinning Mills Limited announced significant board decisions following its meeting held on March 16, 2026. The textile company's board approved key appointments and accepted a director resignation, necessitating committee restructuring to maintain corporate governance standards.

Auditor Appointments for 2026-27

The board approved the appointment of two key auditors for the upcoming financial year. Mr. M.S. Sivakumar, Chartered Accountant from Tirupur, was reappointed as Internal Auditor for 2026-27. Simultaneously, the company reappointed M/s. M. Nagarajan & Co., Cost Accountants from Coimbatore, as Cost Auditor for the same period at a remuneration of ₹40,000 per annum excluding travelling, out-of-pocket expenses, service tax and other services rendered.

Mr. M. Nagarajan brings extensive experience in costing, materials management, labor efficiency workings, and cost reduction across both service and manufacturing sectors. His expertise encompasses cost audit, cost analysis, pricing, cost variances, and costing systems implementation projects.

Director Resignation and Details

The board accepted the resignation of Smt. Manonmani Sivasamy (DIN: 10715570) from her position as Non-Executive Independent Director, effective from the close of business hours on March 16, 2026. In her resignation letter dated March 16, 2026, she cited personal reasons and other professional commitments as the basis for her decision.

Smt. Sivasamy confirmed that there were no material reasons for her resignation beyond those mentioned in her resignation letter. She holds no directorships in other listed companies and has no committee positions in listed entities.

Committee Reconstitution

Following the director's resignation, the board approved reconstitution of two key committees effective March 16, 2026. The Stakeholders Relationship Committee now comprises Smt. Megala as Chairman, with Sri. Premchander Rajan and Sri. Jaichander as members. Smt. Manonmani Sivasamy had served as Chairman of this committee from September 3, 2024, to March 16, 2026.

The Corporate Social Responsibility Committee was also reconstituted with Sri. Marappan Moorthi continuing as Chairman, Sri. Jaichander as member, and Ms. Krishana Kaviyas joining as a new member from March 16, 2026.

Regulatory Compliance and Documentation

The board meeting commenced at 10.00 AM and concluded at 12.50 PM on March 16, 2026. All decisions were made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and related SEBI circulars including SEBI HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has made these disclosures available on its website at www.amarjothi.net and filed the necessary documentation with BSE Limited. The communication was digitally signed by Company Secretary MohanaPriya.M on March 16, 2026.

Amarjothi Spinning Mills Limited has filed mandatory regulatory disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015, for its newly appointed Independent Director. The Tamil Nadu-based yarn manufacturing company submitted the required Form-B disclosure detailing securities held by the director at the time of appointment.

SEBI PIT Regulation Compliance

The company filed the disclosure on February 14, 2026, pursuant to Regulation 7(1)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing was submitted to BSE Limited under scrip code 521097, covering securities held by directors at the time of their appointment to ensure regulatory compliance.

Director Securities Holdings Disclosure

Ms. Krishnan Kaviyas, appointed as Non-Executive Independent Director, disclosed her securities holdings as of the appointment date. The Form-B disclosure shows comprehensive details of her shareholding position in the company at the time of joining the board.

Regulatory Framework and Compliance

The disclosure covers securities holdings including shares, warrants, and convertible debentures as defined under SEBI regulations. The filing also includes details of open interest in derivatives contracts, with Ms. Kaviyas reporting nil holdings in both futures and options contracts on the company's securities.

The disclosure was signed by Ms. Kaviyas on February 11, 2026, from Tirupur, confirming her nil securities position at the time of appointment. Company Secretary Ms. Mohana Priya M digitally signed and submitted the regulatory filing to ensure compliance with insider trading regulations.

Corporate Governance Enhancement

This regulatory filing demonstrates the company's commitment to transparency and corporate governance standards. The appointment of Ms. Kaviyas as Independent Director, along with proper regulatory disclosures, strengthens the board's independence and oversight capabilities for the yarn manufacturing company.