Seasons Textiles Limited (STL) has announced significant changes to its board of directors, as approved by shareholders through a postal ballot process. The company, known for its presence in the furnishing textile industry, has made key appointments and accepted a resignation, reshaping its leadership structure.

Board Changes

Mrs. Neelam Wadhwa has been appointed as a Whole-time Director for a five-year term, effective October 17, 2025. This appointment was approved by shareholders through a special resolution in the postal ballot, which concluded on October 17, 2025. Simultaneously, Mr. Sumer Singh Wadhwa has stepped down from his role as Non-Executive Non-Independent Director, with his resignation taking effect from October 18, 2025.

Profile of Neelam Wadhwa

Mrs. Wadhwa brings extensive experience in the furnishing textile industry to her new role, along with in-depth knowledge of Indian and global industry conditions. Her appointment is seen as a strategic move to leverage her expertise in business development and marketing.

Shareholder Approval and Voting Results

The appointment of Mrs. Neelam Wadhwa was overwhelmingly supported by shareholders. The voting results from the postal ballot show:

• Total votes polled: 3,780,408 (50.47% of total shares)
• Votes in favor: 3,766,343 (99.63% of votes polled)
• Votes against: 14,065 (0.37% of votes polled)

The strong approval rate indicates shareholder confidence in Mrs. Wadhwa's ability to contribute to the company's growth and management.

Compliance and Disclosure

Seasons Textiles Limited has confirmed that Mrs. Neelam Wadhwa is not debarred from holding the office of Director by virtue of any SEBI order or any other authority. The company has made the necessary disclosures in compliance with Regulation 30 of Listing Regulations and SEBI guidelines.

These board changes come as Seasons Textiles Limited continues to navigate the dynamic textile industry landscape. The appointment of Mrs. Neelam Wadhwa, with her significant shareholding and industry experience, may signal a closer alignment between ownership and executive management in the company's strategic direction.

Seasons Textiles Limited , a prominent player in the textile industry, has initiated a postal ballot process to seek shareholder approval for the appointment of Mrs. Neelam Wadhwa as a Whole-time Director. The company, known for its furnishing textiles, is looking to bring Mrs. Wadhwa on board for a five-year term starting October 17, 2025.

Background and Rationale

The move comes after Mrs. Wadhwa, who previously served as a director, failed to secure the requisite approval for re-appointment at the Annual General Meeting held in September 2024. Despite this setback, the Board of Directors, recognizing her vast experience and significant contributions to the company's growth, has recommended her appointment in a new capacity.

Proposed Appointment Details

• Position: Whole-time Director
• Term: 5 years, effective from October 17, 2025
• Retirement: Liable to retire by rotation

Remuneration Package

The proposed remuneration for Mrs. Wadhwa includes:

Additional perquisites include:

• Medical expenses reimbursement
• Company car and communication devices for business use
• Provident Fund and Gratuity as per company rules

Mrs. Neelam Wadhwa's Profile

• Age: 63 years
• Qualification: Graduate from Delhi University
• Experience: Rich expertise in Business Development, Marketing, Management, and Administration, with in-depth knowledge of the Indian and global furnishing textile industry
• Shareholding: 1,398,312 equity shares (18.67% of the company)
• Family Ties: Wife of Inderjeet Singh Wadhwa (Chairman & Managing Director) and mother of Sumer Singh Wadhwa (Non-Executive Director)

Voting Process

Shareholders can cast their votes through e-voting, which commenced on September 18, 2025, and will conclude on October 17, 2025. The company has appointed Mr. Pramod Kothari, a Practicing Company Secretary, as the scrutinizer for the postal ballot process.

Company's Stance

The Board of Directors views Mrs. Wadhwa's potential appointment as beneficial, citing her extensive industry experience and past contributions to Seasons Textiles. They believe her leadership could play a crucial role in the company's future growth and strategic direction.

Seasons Textiles Limited is awaiting the outcome of this postal ballot, which could significantly influence its management structure and future operations in the competitive textile industry.