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 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.