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.

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.