Nahar Spinning Mills Ltd. , a prominent textile company, has announced the re-appointment of Dr. Roshan Lal Behl as an Independent Director for a second term. The decision was approved by shareholders at the company's 45th Annual General Meeting (AGM) held on September 25, 2025, through video conferencing.

Key Details of the Re-appointment

• Term: Dr. Behl has been re-appointed for a second term of five consecutive years, effective from September 30, 2025, to September 29, 2030.
• Approval Process: The re-appointment was proposed by the Board in its meeting on July 31, 2025, and subsequently approved by shareholders at the AGM.
• Continuation of Service: Dr. Behl's previous term as an Independent Director was set to expire on September 29, 2025.

About Dr. Roshan Lal Behl

Dr. Roshan Lal Behl, aged 68, brings a wealth of experience and expertise to Nahar Spinning Mills:

• Qualifications: He holds M.Com, MBA (Financial Management), and Ph.D. degrees.
• Professional Experience: Dr. Behl has over 39 years of teaching experience.
• Previous Roles:
  • Served as Principal at Sri Aurobindo College of Commerce and Management, Ludhiana.
  • Held the position of Director at Ludhiana Stock Exchange from 2012 to 2014.

Regulatory Compliance

The re-appointment aligns with the provisions of Section 149 read with Schedule IV of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Nahar Spinning Mills has confirmed that Dr. Behl has not been debarred from holding the office of a Director by virtue of any SEBI Order or any other such authority.

Other AGM Proceedings

During the same AGM, Nahar Spinning Mills also addressed several other matters:

1. Adoption of financial statements for the year ended March 31, 2025.
2. Declaration of a dividend of Rs. 1.00 per equity share of Rs. 5 each.
3. Appointment of Non-Executive Directors and ratification of Cost Auditors' remuneration.
4. Appointment of M/s. P.S. Bathla & Associates as the Secretarial Auditor of the Company.

The re-appointment of Dr. Roshan Lal Behl reinforces Nahar Spinning Mills' commitment to maintaining strong corporate governance practices and benefiting from experienced leadership on its board.

Nahar Spinning Mills Ltd , a prominent player in the textile industry, has announced an ambitious modernization plan aimed at enhancing its operational efficiency and sustainability. The company's Board of Directors has approved a comprehensive upgrade of its spinning units across various locations, coupled with the installation of a significant solar power system.

Modernization Initiative

The modernization plan, with a total investment of Rs 350.00 crore, comprises two key components:

1. Spinning Unit Upgrade: An allocation of Rs 325.00 crore for replacing old ring frame machinery with ultra-modern equipment. This upgrade is expected to increase production efficiency by 9%.

2. Solar Power Integration: Rs 25.00 crore earmarked for installing an 11 MW Solar PV System, reinforcing the company's commitment to sustainable energy practices.

Project Timeline and Financing

The company aims to complete this extensive modernization project by the financial year 2027-28. Nahar Spinning Mills plans to finance this initiative through a combination of internal accruals and bank term loans, demonstrating a balanced approach to funding.

Current Operational Capacity

Nahar Spinning Mills currently operates with:

• 573,408 spindles
• 1,080 rotors
• 769 airjet spindles

The company reports a capacity utilization of 94.15%, highlighting its operational efficiency even before the planned upgrades.

Strategic Objectives

The modernization initiative is designed to achieve multiple strategic objectives:

1. Improve operational efficiency
2. Enhance product quality
3. Reduce production costs
4. Enable diversification into quality-conscious markets, particularly in the U.S. and European Union

Financial Performance

The company's recent financial results reflect a solid foundation for this significant investment:

Dividend Announcement

In addition to the modernization plan, the Board of Directors has recommended a dividend of Rs 1.00 per equity share of Rs 5.00 each, subject to shareholder approval at the upcoming Annual General Meeting.

This strategic modernization plan underscores Nahar Spinning Mills' commitment to technological advancement and sustainable practices in the textile industry. By investing in state-of-the-art machinery and renewable energy, the company is positioning itself for enhanced competitiveness in global markets while addressing environmental concerns.