Donear Industries Seeks Shareholder Approval for Two Independent Director Appointments

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:

Director Name	Position	Proposed Term
Mrs. Harjeet Kaur Joshi	Independent Director	October 18, 2025 to October 17, 2030
Mr. Hemant Raghunath Bharambe	Independent Director	November 11, 2025 to November 10, 2030

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.26%	-1.83%	+6.01%	-7.11%	-13.32%	+318.99%

Donear Industries Limited , a prominent player in the textile industry, has announced the appointment of two new non-executive Independent Directors to its Board, signaling a move to enhance its corporate governance and strategic oversight.

Board Appointments

The company has appointed Mrs. Harjeet Kaur Joshi and Mr. Hemant Raghunath Bharambe as additional non-executive Independent Directors. These appointments, approved by the Board based on recommendations from the Nomination and Remuneration Committee, are subject to shareholder approval within three months.

Terms of Appointment

Director	Term Start Date	Term End Date
Mrs. Harjeet Kaur Joshi	October 18, 2025	October 17, 2030
Mr. Hemant Raghunath Bharambe	November 11, 2025	November 10, 2030

Both directors have been appointed for a five-year term, bringing diverse expertise to Donear Industries' leadership.

Director Profiles

Mrs. Harjeet Kaur Joshi

Fellow Cost and Management Accountant
Master's degree in Commerce from Delhi University
MBA in Financial Management and Human Resource Management
Over 39 years of experience in finance
Former Managing Director and Chairperson of The Shipping Corporation of India Ltd
Recent Advisory Board Member of Indian Audit and Accounts Department

Mr. Hemant Raghunath Bharambe

Textile Engineer from VJTI, Mumbai
Bachelor of Legal Studies, Mumbai University
43 years of experience in the Textile and Garment industry
Expertise in weaving, knit production, sales, procurement, and quality assurance

Independence and Compliance

The company has confirmed that both Mrs. Joshi and Mr. Bharambe have no relationships with existing board members. Additionally, they are not debarred from holding directorial positions by any SEBI Order or other authority, ensuring compliance with regulatory requirements.

These strategic appointments aim to bring fresh perspectives and industry-specific expertise to Donear Industries' board, potentially contributing to the company's future growth and governance strategies in the competitive textile sector.