SPL Industries Ltd's board has approved the reappointment of its Managing Director and three Independent Directors for five-year terms, ensuring continuity in leadership and governance. The decisions, taken during a board meeting on June 5, 2026, are subject to the approval of shareholders in the forthcoming General Meeting. The reappointments cover key managerial personnel and independent oversight roles critical for the textile manufacturer's strategic direction.

Mr. Mukesh Kumar Aggarwal has been reappointed as Managing Director and Key Managerial Personnel for a further term of five years commencing from May 15, 2026. Aggarwal, who has been associated with the textile industry for several years and serving on the board since 2004, brings extensive experience in manufacturing, sourcing, and exports. He is the husband of Mrs. Shashi Agarwal, Wholetime Director of the company.

The board also approved the reappointment of three Independent Directors for a second term of five consecutive years starting July 10, 2026. Mr. Sudeepta Ranjan Rout, Mr. Varun Bansal, and Mr. Vikash Jalan will continue their tenure, not liable to retire by rotation. Their first terms conclude at the close of business hours on July 9, 2026. The board confirmed that all three directors fulfil the conditions specified under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015, and are independent of the management.

Director Profiles and Tenures

The following table details the reappointed directors and their respective terms:

Mr. Sudeepta Ranjan Rout possesses professional experience in finance, accounting, taxation, audit, and corporate governance, having served on the board since 2021. Mr. Varun Bansal brings expertise in organizational leadership and business management, contributing to strategy and operational efficiency. Mr. Vikash Jalan offers extensive experience in corporate planning and strategic management, aiding in risk management and sustainable growth initiatives.

The disclosures confirm that none of the directors are debarred from holding the office of director by virtue of any SEBI order or other authority. The reappointments were made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

SPL Industries Ltd confirmed on April 4, 2026, that its promoters and promoter group have not created any encumbrance over shares held directly or indirectly during the financial year 2025-26. The disclosure ensures that the shareholding structure of the company remains free from pledged assets during the specified period. This compliance is significant for shareholders as it indicates the promoters' holdings are unencumbered, reducing the risk of forced sales or volatility due to margin calls.

The confirmation was provided in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011. The filing, signed by Managing Director Mukesh Kumar Aggarwal, was submitted to the National Stock Exchange of India Limited and BSE Limited. The regulation requires companies to disclose any encumbrance created by promoters or persons acting in concert to ensure transparency in ownership.

Promoter and Promoter Group Details

The company provided a detailed list of the promoter and promoter group entities in Annexure A of the filing. The list includes 45 names, ranging from individual promoters to private limited companies and limited liability partnerships (LLPs).

The company requested the exchanges to take the information on record and acknowledge receipt of the same.