Prag Bosimi Synthetics Limited , a prominent player in the textile and polyester industry, has made significant changes to its board composition and auditor appointment, as announced in a recent board meeting.

Board Reappointments and New Additions

The company's Board of Directors has approved the re-appointment of Mr. Raktim Kumar Das as Whole Time Director for an extended five-year term. Mr. Das, who brings over 25 years of experience in the textile and polyester industry, will serve from June 30, 2026, to June 29, 2031. His extensive background includes a stint as Assistant Director in DOEACC Society, an autonomous body under the Ministry of Communications and Information Technology, Government of India.

In a move to strengthen its independent oversight, the board has appointed Mrs. Geetha Subramonia Iyer as an Additional Director (Independent), effective August 14, 2025. Mrs. Iyer's appointment, subject to shareholder approval, is for a five-year term. With 35 years of service experience in the Canteen Stores Department, Government of India, Mrs. Iyer brings valuable expertise in procurement, distribution, and administrative functions to the board.

New Secretarial Auditor

The board has also appointed M/s Ashok Patel and Associates as the company's Secretarial Auditor for five consecutive years, covering audit periods from FY 2025-26 to FY 2029-2030. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM). M/s Ashok Patel and Associates, a peer-reviewed firm of Company Secretaries in Practice, brings over a decade of experience in corporate laws, SEBI regulations, and FEMA regulations.

Director Tenure Completion

The board noted the completion of Mr. Mukund Trivedi's second term as an Independent Director, marking a transition in the company's independent directorship.

Additional Corporate Updates

In the same meeting, the board approved the unaudited financial results for the quarter ended June 30, 2025. The company also announced that its 33rd AGM will be held on September 25, 2025, through video conferencing or other audio-visual means.

The Register of Members and Share Transfer Books will be closed from September 18 to September 25, 2025, for the AGM.

These strategic appointments and corporate actions reflect Prag Bosimi Synthetics' commitment to maintaining strong corporate governance and adapting to the evolving business landscape in the textile and polyester sector.

Prag Bosimi Synthetics , a prominent player in the synthetic fiber industry, has announced a significant change in its leadership. The company has appointed Shri Megha Nidhi Dahal, IAS, as its new Chairman and Nominee Director, effective July 25, 2025. This appointment comes as a result of a directive from the Government of Assam, replacing the outgoing Chairman, Shri Manvendra Pratap Singh.

New Leadership at the Helm

Shri Megha Nidhi Dahal, a distinguished IAS officer from the 2015 batch, brings a wealth of experience in public administration and governance to his new role at Prag Bosimi Synthetics. His appointment underscores the company's commitment to strong leadership and effective management.

Dahal's Impressive Portfolio

The newly appointed Chairman holds several key positions in various government bodies and organizations:

• Managing Director of Assam Industrial Development Corporation Limited
• Commissioner in Guwahati Municipal Corporation
• Transport Commissioner of Government of Assam

Corporate Governance and Affiliations

Shri Dahal's extensive experience extends to the corporate sector as well. According to the company's disclosure:

• He holds directorships in eight companies, including limited, private limited, and foundations.
• He serves on two board committees of other companies.
• Notably, Shri Dahal does not hold any shares in Prag Bosimi Synthetics Ltd.

Independence and Compliance

In line with corporate governance best practices, Prag Bosimi Synthetics has confirmed that Shri Megha Nidhi Dahal has no inter-se relationship with other directors or key management personnel of the company. This independence is crucial for maintaining objectivity in decision-making processes.

Looking Ahead

The appointment of Shri Megha Nidhi Dahal as Chairman marks a new chapter for Prag Bosimi Synthetics Ltd. With his diverse experience in both public administration and corporate governance, stakeholders will be keenly watching how his leadership influences the company's strategic direction and performance in the coming years.

Prag Bosimi Synthetics Ltd has duly informed the Bombay Stock Exchange of this change in leadership, adhering to the regulatory requirements under Regulation 30 of SEBI (LODR) Regulations, 2015.