Sarla Performance Fibers Limited has disclosed another substantial acquisition of shares by Hindustan Cotton Company through its partner Mrs. Sarladevi Madhusudan Jhunjhunwala. The latest acquisition was formally communicated to both BSE Limited and National Stock Exchange of India Limited on December 19, 2025.

Latest Acquisition Details

The disclosure reveals specific details about the most recent share acquisition:

Updated Post-Acquisition Shareholding

Following this latest acquisition, Hindustan Cotton Company's updated shareholding position shows:

Regulatory Compliance

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Krishna Jhunjhunwala, Managing Director of Sarla Performance Fibers Limited, officially communicated this information to the stock exchanges through a letter dated December 19, 2025.

Promoter Group Network

The disclosure identifies Hindustan Cotton Company as part of an extensive promoter group network that includes:

• Sarladevi Madhusudan Jhunjhunwala
• Krishna Madhusudan Jhunjhunwala
• Madhusudan S Jhunjhunwala Sons HUF
• Vrinda Krishna Jhunjhunwala
• Neha Krishna Jhunjhunwala
• Kanav Krishna Jhunjhunwala
• Krishnakumar And Sons HUF
• Sarla Estate Developers Private Limited
• Harmony Estates Private Limited
• Satidham Industries Private Limited

Market Implications

This acquisition reinforces Hindustan Cotton Company's significant control over Sarla Performance Fibers with a commanding 57.07% shareholding. The transaction demonstrates continued confidence in the textile company's prospects and maintains the existing promoter group's dominant position in the company's ownership structure.

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.