Sarla Performance Fibers Limited , a key player in the textile industry, has announced a significant change to its Audit Committee structure. The company has appointed Mr. Paulo Manuel Castro Ferreira Moura as a new member of the committee, effective immediately. This decision, approved by the Board of Directors through a circular resolution on October 25, 2025, marks an important step in enhancing the company's corporate governance framework.

Reconstituted Audit Committee

The newly reconstituted Audit Committee now comprises four members, bringing a diverse range of expertise to oversee the company's financial reporting process. Here's a breakdown of the committee's composition:

This restructuring demonstrates Sarla Performance Fibers' commitment to maintaining a robust and independent audit process. The inclusion of Mr. Paulo Manuel Castro Ferreira Moura, alongside the existing members, is expected to bring fresh perspectives and strengthen the committee's oversight capabilities.

Implications for Corporate Governance

The reconstitution of the Audit Committee with a majority of Non-Executive Independent Directors aligns with best practices in corporate governance. This structure ensures:

1. Enhanced independence in financial oversight
2. Diverse expertise in financial matters
3. Stronger checks and balances in the company's financial reporting process

The move is likely to be viewed positively by stakeholders, as it reinforces Sarla Performance Fibers' dedication to transparency and accountability in its financial operations.

As the textile industry continues to evolve, such proactive measures in corporate governance can play a crucial role in maintaining investor confidence and ensuring the company's long-term sustainability.

Sarla Performance Fibers Limited's decision to strengthen its Audit Committee reflects its ongoing efforts to adapt to changing business environments and regulatory requirements, positioning the company for continued growth and success in the competitive textile market.

Sarla Performance Fibers Limited, a key player in the textile industry, has recently disclosed receiving a substantial acquisition of shares notification from Hindustan Cotton Company. This significant development was communicated to both the BSE Limited and the National Stock Exchange of India Limited, highlighting its importance in the corporate landscape.

Disclosure Details

The notification came through Hindustan Cotton Company's partner, Sarladevi Madhusudan Jhunjhunwala, in compliance with the Securities and Exchange Board of India (SEBI) regulations governing substantial acquisition of shares and takeovers. Krishna Jhunjhunwala, Director of Sarla Performance Fibers Limited, officially communicated this information to the stock exchanges for their records.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires entities to disclose their shareholding and voting rights in a listed company when they acquire a substantial number of shares or voting rights.

Official Communication

According to the LODR (Listing Obligations and Disclosure Requirements) data, the company sent an official letter to the stock exchanges. The letter stated:

"Enclosed is the disclosure, as per Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, received from M/s. Hindustan Cotton Company through its partner Mrs. Sarladevi Madhusudan Jhunjhunwala."

Implications for Investors

This substantial acquisition notification is significant for Sarla Performance Fibers' shareholders and potential investors. It indicates a notable change in the company's ownership structure, which could potentially influence its future direction and decision-making processes.

Market Response

While the exact market response to this news is not provided in the available data, such substantial acquisitions often draw attention from market analysts and investors. Shareholders of Sarla Performance Fibers Limited may want to closely monitor any further developments or disclosures related to this acquisition.

The timely disclosure of this information demonstrates Sarla Performance Fibers' commitment to transparency and adherence to regulatory requirements, which are crucial aspects of corporate governance in the Indian stock market.

As the situation develops, more details about the extent of the acquisition and its potential impact on the company's operations may come to light. Investors and market watchers will likely keep a close eye on any further announcements from Sarla Performance Fibers Limited or Hindustan Cotton Company regarding this substantial acquisition.