Sarla Performance Fibers Limited , a prominent player in the performance fibers industry, has announced a significant change in its corporate structure. The company's Board of Directors has approved the appointment of CS Mustafa Manasawala (ACS: 76344) as the new Company Secretary and Compliance Officer, effective November 11, 2025.

Key Appointment Details

Professional Background

Mustafa Manasawala brings a wealth of experience to his new role at Sarla Performance Fibers. His profile includes:

• Over 4 years of experience in corporate law compliance, SEBI regulations, and governance for both listed and unlisted entities
• Expertise in SEBI LODR filings, Companies Act requirements, and corporate actions including buybacks, rights issues, and mergers
• Proficiency in legal drafting and regulatory filings across MCA, RBI, and FEMA
• Experience in supporting NCLT proceedings and secretarial audits

Educational Qualifications

The appointment of Manasawala aligns with the provisions of Section 203 of the Companies Act, 2013, and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Manasawala has no relationship with the promoters or directors of Sarla Performance Fibers Limited, ensuring independence in his role.

This strategic appointment comes as part of the company's commitment to maintaining robust corporate governance and ensuring compliance with regulatory requirements. Manasawala's diverse experience in corporate law and governance is expected to contribute significantly to Sarla Performance Fibers' ongoing efforts to uphold the highest standards of corporate practices.

The Board meeting that approved this appointment commenced at 01:00 p.m. and concluded at 02:27 p.m. on November 11, 2025. This information has been disclosed in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's adherence to transparency and regulatory compliance.

Sarla Performance Fibers Limited's decision to bring Mustafa Manasawala on board reflects its focus on strengthening its corporate governance framework and ensuring efficient management of its secretarial and compliance functions.

Sarla Performance Fibers has released its financial results for the second quarter, showcasing a mixed performance with notable improvements in operational efficiency.

Financial Highlights

The company's Q2 consolidated results present a nuanced picture of its financial health:

Improved Operational Efficiency

Despite a marginal decline in net profit, Sarla Performance Fibers demonstrated enhanced operational efficiency:

• EBITDA Growth: The company's EBITDA increased to ₹230.30 crore from ₹221.00 crore in the previous year, marking a 4.21% year-over-year growth.
• Margin Expansion: The EBITDA margin saw a significant improvement, rising to 21.50% from 19.44% in the corresponding quarter last year, indicating better cost management and operational efficiency.

Slight Dip in Net Profit

While operational metrics improved, the company experienced a minor setback in its bottom line:

• The consolidated net profit for Q2 stood at ₹189.60 crore, slightly down from ₹192.00 crore in the same quarter of the previous fiscal year.
• This represents a marginal decrease of 1.25% year-over-year.

Corporate Governance Update

In a separate announcement, Sarla Performance Fibers has appointed CS Mustafa Manasawala (ACS: 76344) as the new Company Secretary and Compliance Officer, effective November 11, 2025. This appointment aligns with the company's commitment to maintaining strong corporate governance practices.

Market Implications

The mixed Q2 results, featuring improved operational metrics alongside a slight profit decline, may lead to varied market reactions:

• The expansion in EBITDA margin could be viewed positively by investors, as it suggests improved operational efficiency.
• However, the minor dip in net profit might raise questions about the company's ability to translate operational improvements into bottom-line growth.

Investors and analysts will likely keep a close eye on how Sarla Performance Fibers leverages its improved operational efficiency to drive profit growth in the coming quarters.