Shantai Industries Strengthens Leadership with Key Appointments at 40th AGM

Shantai Industries Limited , a prominent player in the textile manufacturing sector, has made significant leadership appointments and reappointments at its 40th Annual General Meeting (AGM) held on September 24, 2025. The company's shareholders approved several crucial decisions that aim to bolster its corporate governance and operational expertise.

New Secretarial Auditor Appointed

CS Ranjit Binod Kejriwal, a seasoned Practicing Company Secretary, has been appointed as the Secretarial Auditor for Shantai Industries. His appointment is for a term of five consecutive years, spanning from the financial year 2025-26 to 2029-30. Kejriwal brings two decades of extensive experience in corporate laws, IPO listings, and compliance audits, which is expected to enhance the company's regulatory adherence and governance practices.

Board Reappointments

Non-Executive Independent Director

Mrs. Vandanaben Satishbhai Dalal has been re-appointed as a Non-Executive Independent Director for another five-year term, effective from September 26, 2025. With her strong legal background and five years of prior board experience, Dalal is set to continue providing valuable insights on corporate law, governance practices, and sustainability.

Managing Director

Mr. Harishbhai Fatandas Sawlani has been re-appointed as the Managing Director for a five-year term commencing November 4, 2025. Sawlani, with 38 years of experience in textile manufacturing, has been instrumental in driving the company's growth through strategic initiatives and technological advancements.

Whole-time Director

Mr. Vasudev Fatandas Sawlani has been re-appointed as the Whole-time Director for a five-year term, also starting from November 4, 2025. Bringing 37 years of rich experience in the textile industry, Sawlani has significantly contributed to the company's operational efficiency and strategic growth over the past decade.

Continuity in Leadership

Notably, the shareholders have approved provisions for both Mr. Harishbhai Fatandas Sawlani and Mr. Vasudev Fatandas Sawlani to continue in their respective roles beyond the age of 70. This decision ensures leadership stability and leverages their extensive industry experience for the company's future growth.

Corporate Governance Measures

In line with regulatory requirements, Shantai Industries has also announced the closure of its trading window for insiders from October 1, 2025, until 48 hours after the announcement of the company's unaudited financial results for the quarter and half-year ending September 30, 2025. This move underscores the company's commitment to maintaining transparency and preventing insider trading.

These appointments and governance measures reflect Shantai Industries' focus on strengthening its leadership team and upholding high standards of corporate governance. As the company moves forward, these strategic decisions are expected to play a crucial role in its continued growth and success in the textile manufacturing sector.