Amarjothi Spinning Mills has re-appointed three key executives to its Board of Directors, subject to shareholder approval at the ensuing Annual General Meeting. The company announced on July 27, 2026, that N. Radhakrishnan will be re-appointed as a Non-Executive Non-Independent Director, while R. Premchander and R. Jaichander will continue as Managing Director and Whole Time Director, respectively. These appointments ensure continuity in leadership for the textile manufacturer, with terms commencing in late 2026.

The re-appointments were made pursuant to Section 152 of the Companies Act, 2013, and the Articles of Association of the Company. The Board of Directors acted on recommendations from the Nomination and Remuneration Committee and with the approval of the Audit Committee. The disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

N. Radhakrishnan retires by rotation at the upcoming AGM and has offered himself for re-appointment. His term is set for one year, commencing from the conclusion of the current AGM until the next AGM in 2027. Radhakrishnan, who holds an SSLC qualification, has been a director since August 31, 2005. He brings expertise in sales, manufacturing, R&D, supply chain marketing, finance, and management. He does not hold any shares in Amarjothi Spinning Mills but serves as a director in RPJ Textiles Limited.

R. Premchander is being re-appointed as Managing Director for a period of five years, commencing September 1, 2026. He is not liable to retire by rotation. Premchander, who holds a B.Com. and MBA, has over 39 years of experience in marketing, finance, and management. He joined the board in December 1987 and was previously re-appointed in August 2021. He holds 1,858,043 equity shares of ₹10 each. He also holds directorships in several public and private companies, including Amarjothi Power Generation and Distribution Company Limited and Twiss Drinks India Private Limited.

R. Jaichander is being re-appointed as Whole Time Director for five years, commencing December 1, 2026. He is also not liable to retire by rotation. Jaichander, who holds a B.Com., has over 33 years of experience in production planning, technical operations, cost management, and factory management. He joined the board in September 1993 and was last re-appointed in December 2021. He holds 1,912,880 equity shares of ₹10 each. His external directorships include roles in R P J Textiles Limited and multiple private wind farm entities.

Director Profiles and Terms

The filings confirm that none of the appointees are debarred from holding office by SEBI or any other statutory authority. R. Premchander and R. Jaichander are brothers, a relationship disclosed in the regulatory filing. The final approval for these appointments rests with the shareholders at the upcoming Annual General Meeting.

Amarjothi Spinning Mills has fixed August 21, 2026, as the record date for determining shareholders eligible to receive the final dividend for the financial year 2025-26. The Board of Directors recommended a dividend of ₹2.20 per share, representing a 22% payout on the face value of ₹10 per share. This announcement coincides with the rescheduling of the company’s 38th Annual General Meeting (AGM) to August 28, 2026, shifting the event by one day from the previously intimated date of August 27, 2026.

The decision to revise the AGM schedule and confirm the record date was taken during a Board meeting held on July 27, 2026. The company notified the stock exchanges pursuant to Regulation 30 read with Part A of Schedule III and Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The revised timeline ensures alignment between the record date, the book closure period, and the AGM proceedings, which will be conducted via Video Conference or Other Audio Visual Means (OAVM) starting at 11:00 a.m.

Revised Schedule Details

The Registrar of Members and Share Transfer Books will remain closed from August 22, 2026, to August 28, 2026, both days inclusive. This period serves as the book closure window for determining members eligible for the 38th AGM and the payment of final dividends. Shareholders whose names appear on the Register of Members as of the cut-off date of August 21, 2026, will be eligible to receive the dividend if declared at the meeting.

The e-voting window remains three days long, running from Tuesday, August 25, to Thursday, August 27, providing ample time for remote participation. Investors should note that any share transfers initiated after August 21 will not reflect in the register before the cut-off, potentially excluding new buyers from this year’s dividend and voting rights.

What This Means for Investors

The one-day shift in the AGM date extends the book closure period accordingly, ensuring that shareholders have adequate notice to adjust their holdings if they wish to participate in the meeting or claim the dividend. The dividend payment will be made within 30 days of its declaration at the AGM, in compliance with Section 91 of The Companies Act, 2013. This structure maintains the standard payout rhythm while accommodating logistical adjustments to the annual meeting schedule.