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 a significant development in its shareholding structure. The company reported a substantial acquisition of shares by Hindustan Cotton Company, through its partner Mrs. Sarladevi Madhusudan Jhunjhunwala.

Disclosure Details

The disclosure was made in compliance with Regulation 29(2) of the Securities and Exchange Board of India (SEBI) Substantial Acquisition of Shares and Takeovers Regulations, 2011. Sarla Performance Fibers communicated this information to both the BSE Limited and the National Stock Exchange of India Limited on September 24, 2025.

Key Points

• Acquirer: Hindustan Cotton Company, through partner Mrs. Sarladevi Madhusudan Jhunjhunwala
• Disclosure Date: September 24, 2025
• Regulatory Compliance: SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011

Company Information

Sarla Performance Fibers Limited, headquartered at 304, Arcadia, 195, Nariman Point, Mumbai- 400021, is a player in the performance fibers industry. The company's Corporate Identification Number (CIN) is L31909DN1993PLC000056.

Management Statement

The disclosure letter was signed by Krishnakumar Jhunjhunwala, Director of Sarla Performance Fibers Limited, emphasizing the company's commitment to transparency and regulatory compliance.

While the exact number of shares acquired or the resulting shareholding percentage has not been disclosed in the available information, this acquisition is deemed substantial enough to warrant official disclosure under SEBI regulations.

Investors and market watchers may want to monitor further developments regarding this share acquisition, as it could potentially impact the company's ownership structure.