Seasons Textiles Limited , a textile company listed on the Bombay Stock Exchange (BSE) and Calcutta Stock Exchange, has made a significant move in its leadership structure. The company's Board of Directors has recommended the appointment of Neelam Wadhwa as Whole Time Director for a five-year term.

Board Meeting and Recommendations

The decision was made during a board meeting held on September 11, 2025. The Board of Directors, acting on the recommendation of the Remuneration Committee, proposed Neelam Wadhwa's appointment as Whole Time Director. This position will be subject to retirement by rotation, as per standard corporate governance practices.

Postal Ballot Process

To seek shareholder approval for this appointment, the board has taken several key steps:

1. Approved a draft notice for a postal ballot
2. Appointed Pramod Prasad Kothari as the Scrutinizer for overseeing the postal ballot process

These actions demonstrate the company's commitment to transparent governance and shareholder participation in key decisions.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This ensures that all stakeholders are informed about significant changes in the company's leadership.

Company Details

Seasons Textiles Limited is headquartered in Noida, Uttar Pradesh, with its registered office located in New Delhi.

The announcement was made by Saurabh Arora, the Company Secretary & Compliance Officer of Seasons Textiles Limited, underlining the formal nature of this corporate update.

Shareholders and investors will be watching closely as the postal ballot process unfolds, determining the future leadership direction of Seasons Textiles Limited.

Seasons Textiles Limited held its 71st Annual General Meeting (AGM) on August 4, 2025, where shareholders approved several significant appointments, reinforcing the company's governance structure and compliance measures.

Board Strengthens with Re-appointment of Sumer Singh Wadhwa

Shareholders re-appointed Mr. Sumer Singh Wadhwa as a Non-Executive Non-Independent Director, liable to retire by rotation. Mr. Wadhwa, who is related to the company's Managing Director, brings 17 years of experience in the wholesale retail trade of furnishing fabrics across India.

Mr. Wadhwa holds a Bachelor of Business Administration degree from the University of the Arts London, obtained in 2006. His extensive experience in the industry is expected to contribute significantly to the company's strategic direction in retail marketing of furnishing fabrics.

New Appointment to the Board

In addition to his re-appointment, Mr. Wadhwa was also appointed as an Additional Director (Non-Executive and Non-Independent) with effect from May 20, 2025. This appointment, subject to shareholder approval, was made to strengthen the Board of Directors and leverage Mr. Wadhwa's expertise in the field of Retail Marketing of Furnishing Fabrics.

Secretarial Auditor Appointment

To enhance its compliance framework, Seasons Textiles Limited appointed M/s. Pramod Kothari & Co., Company Secretaries in Practice, as the company's Secretarial Auditors. The firm, bearing Registration Number S2012UP197900, has been engaged for a five-year term starting April 1, 2025.

M/s. Pramod Kothari & Co. brings over 13 years of experience in Secretarial Audit Services. The firm has a strong track record of providing audit services to clients across various sectors, including Technology, Power, Manufacturing, and Financial Services. Their expertise spans corporate laws such as the Companies Act, FEMA, and SEBI Regulations, with a particular focus on SEBI LODR Disclosure, IPO, Takeover, Insider Trading, and other critical areas.

AGM Proceedings

The AGM was conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in compliance with the latest MCA and SEBI circulars. Out of the total 9,369 members eligible to participate as of the cut-off date (August 12, 2025), 134 members attended the meeting, including representatives from the promoter group.

The meeting, chaired by Mr. Inderjeet Singh Wadhwa, Chairman cum Managing Director, addressed four resolutions:

1. Adoption of audited financial statements for the year ended March 31, 2025
2. Re-appointment of Mr. Sumer Singh Wadhwa
3. Appointment of Mr. Sumer Singh Wadhwa as a Non-Executive Non-Independent Director
4. Appointment of M/s. Pramod Kothari & Co. as Secretarial Auditors

E-voting facilities were provided to shareholders, with the voting period extending from August 16 to August 18, 2025. Mr. Pramod Kothari, Practicing Company Secretary, was appointed as the scrutinizer for the voting process.

These appointments and the smooth conduct of the AGM reflect Seasons Textiles Limited's commitment to strong corporate governance and regulatory compliance as it moves forward in the competitive textiles market.