Donear Industries Limited , a prominent player in the textile industry, has announced a significant change in its board composition. Govind Shrikhande, who served as an Independent Director, has completed his second term, marking the end of his tenure with the company.

Key Details of the Directorship Change

Tenure and Contribution

Govind Shrikhande's association with Donear Industries Limited spanned two terms, with his most recent term lasting one year. The company's Board of Directors has expressed their appreciation for Shrikhande's contribution and stewardship during his time with the organization.

Regulatory Compliance

In adherence to regulatory requirements, Donear Industries has informed the stock exchanges about this change in board composition. The company has complied with Regulation 30 of the SEBI Listing Regulations and the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, by providing the necessary details regarding Mr. Shrikhande's cessation.

Impact and Future Outlook

Donear Industries has not provided any immediate information regarding a replacement for the vacant Independent Director position. This change in the board's composition comes as part of the natural cycle of corporate governance, ensuring fresh perspectives and maintaining the independence of the board.

Donear Industries Limited , a prominent player in the textile industry, has initiated a postal ballot process to seek shareholder approval for the appointment of two new independent directors to its board. This move aims to strengthen the company's corporate governance structure and bring fresh perspectives to its leadership team.

Key Appointments

The company has proposed the following appointments:

Mrs. Harjeet Kaur Joshi's Profile

Mrs. Joshi brings a wealth of experience to the board:

• Over 39 years of industry experience, primarily in finance
• Former Managing Director and Chairperson of The Shipping Corporation of India Ltd
• Recently served as an Advisory Board Member of the Indian Audit and Accounts Department
• Expertise in finance, acquisitions, and joint ventures

Mr. Hemant Raghunath Bharambe's Expertise

Mr. Bharambe's appointment is expected to add significant value to Donear Industries:

• 43 years of experience in the textile and garment industry
• Textile Engineer from VJTI, Mumbai, and Bachelor of Legal Studies from Mumbai University
• Skilled in weaving and knit production, sales, procurement, and quality assurance
• Combines technical expertise with a structured, analytical approach to production and supply chain management

Voting Process

Shareholders can participate in the e-voting process as follows:

• E-voting period: October 29, 2025 (9:00 AM IST) to November 27, 2025 (5:00 PM IST)
• Results declaration: On or before December 1, 2025
• Scrutinizer: Mr. Yogesh Sharma, Practicing Company Secretary

The company has engaged the services of National Securities Depository Limited (NSDL) to provide the e-voting facility.

Board's Recommendation

The Board of Directors, based on the recommendations of the Nomination and Remuneration Committee, has proposed these appointments. The Board views both Mrs. Joshi's and Mr. Bharambe's knowledge and experience as potentially beneficial to the company and recommends their appointments to the shareholders.

These proposed appointments, subject to shareholder approval, are part of Donear Industries' ongoing efforts to enhance its board diversity and expertise, potentially positioning the company for continued growth and success in the competitive textile industry.