Deepak spinners Limited has announced a key senior management appointment, naming Dr. Ramesh Kumar Sharma as Senior Vice President (Personnel & Administration) effective March 5, 2026. The appointment was formalized through a Board of Directors circular resolution following recommendations from the company's Nomination and Remuneration Committee.

Appointment Details

The company disclosed the appointment under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dr. Sharma's terms of appointment will align with the company's Nomination and Remuneration policy.

Professional Background

Dr. Sharma brings extensive expertise to his new role with over 35 years of experience in human resources administration and industrial relations. His professional journey includes significant positions across both private and public sectors.

Educational Qualifications and Experience

• Academic Background: Postgraduate in Personnel Management and Industrial Relations
• Honorary Recognition: Doctorate in Public Relations and Corporate Law by the Iconic Peace Award Council
• Experience: Over 35 years in human resources administration and industrial relations

Previous Employment

Dr. Sharma's career spans diverse organizational environments:

• Birla Textile Mills, Baddi: Gained valuable private sector experience in textile industry operations
• Ministry of Home Affairs, Government of India: Contributed to public sector administration and policy implementation

Regulatory Compliance

The appointment disclosure was made in compliance with SEBI listing regulations, with Company Secretary Puneeta Arora formally communicating the development to BSE Limited. The appointment reflects the company's commitment to strengthening its senior management team with experienced professionals in key operational areas.

Deepak Spinners Limited has announced a significant change in its senior management team with the resignation of a key executive from its Baddi operations. The company has formally disclosed this development to ensure regulatory compliance and maintain transparency with stakeholders.

Executive Resignation Details

Shri Shyam Sunder Saxena has resigned from his position as Senior Vice President (Personnel & Administration) at the company's Baddi Unit, effective March 2nd, 2026. The resignation was submitted with immediate effect, marking the end of his tenure in this senior management role.

Health Concerns Prompt Decision

The resignation was primarily driven by ongoing health concerns that affected Saxena's ability to fulfill his duties effectively. In his formal resignation letter, he stated that after careful consideration and consultation with his doctor, he believed it was in his best interest to step down and focus on his recovery. The executive expressed gratitude for the opportunities, guidance, and support received during his tenure with the company.

Regulatory Compliance

Deepak Spinners Limited has fulfilled its regulatory obligations by notifying BSE Limited about this key managerial personnel change under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Puneeta Arora signed the formal disclosure documents on March 2nd, 2026, ensuring timely compliance with listing requirements.

Transition Arrangements

According to the resignation communication, Saxena committed to ensuring a smooth transition of his responsibilities before his departure. This approach demonstrates the company's focus on maintaining operational continuity despite the sudden nature of the resignation. The Personnel & Administration function at the Baddi Unit will need to adapt to this leadership change while managing ongoing operations.