SIL Investments Board Approves Independent Director Appointment and Rs 250 Crore Loan Proposals

SIL Investments Limited , a prominent player in the investment sector, has made significant moves in corporate governance and financial strategy. The company's Board of Directors has approved two key proposals that are set to shape its future operations and leadership.

New Independent Director Appointment

The Board has given the green light to seek shareholder approval for the appointment of Shri Suresh Kumar Khandelia as an Independent Director. This appointment, if approved, will be effective from January 1, 2026, for a five-year term ending on December 31, 2030.

Shri Khandelia brings a wealth of experience to the table:

Qualified Chartered Accountant
Rich experience in finance and investment sectors
Extensive knowledge of the textile industry
Serves as a Director in several finance companies
Contributes to corporate governance, financial oversight, and strategic management

It's worth noting that Shri Khandelia is not related to any other Directors of the Company, ensuring independence in his role.

Proposed Unsecured Loans to Related Parties

The Board has proposed granting unsecured loans totaling Rs 250.00 crore to six related party entities. This proposal qualifies as a Material Related Party Transaction and has been approved by the Audit Committee. The proposed loans are intended to be in the ordinary course of business and on an arm's length basis.

Here's a breakdown of the proposed loans:

Sr. No.	Name of the proposed Borrower	Amount Proposed (Rs. in crore)
1.	Sutlej Textiles and Industries Limited	100.00
2.	Avadh Sugar & Energy Limited	50.00
3.	Magadh Sugar & Energy Limited	50.00
4.	Palash Securities Limited	25.00
5.	Cinnatolliah Tea Limited	25.00
6.	Morton Foods Limited	10.00
Total		250.00

These strategic decisions reflect SIL Investments' commitment to strengthening its governance structure while also supporting its business ecosystem through financial assistance to related entities. Shareholders will play a crucial role in the final approval of these significant proposals, underlining the company's adherence to corporate governance best practices.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.48%	-3.91%	-14.60%	-15.12%	-24.77%	+218.19%

SIL Investments Limited has significantly increased its stake in Morton Foods Limited through a recent rights issue subscription, as disclosed in a regulatory filing on November 18, 2025.

Key Details of the Transaction

Aspect	Details
Shares Acquired	10,61,454
Acquisition Cost	Rs. 2,44,13,442
New Total Holding	31,58,466
Revised Ownership Percentage	8.85%

Transaction Insights

SIL Investments Limited, in a communication to the stock exchanges, revealed that it had received an intimation from Morton Foods Limited (MFL) regarding the allotment of additional shares. This allotment was part of a rights issue, including extra shares offered by MFL.

The company stated that the acquisition was made in cash as part of its ordinary course of business. The newly acquired shares are expected to be credited to SIL Investments' demat account.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed entities to inform stock exchanges about material events that may have a bearing on the company's performance or operations.

Implications

This strategic move by SIL Investments to increase its stake in Morton Foods could signal confidence in the latter's growth prospects. However, the specific reasons for this investment decision or any potential plans for further involvement in Morton Foods' operations were not disclosed in the filing.

Investors and market watchers may want to keep an eye on both companies to see how this increased stake might influence their respective business strategies and market performances in the coming months.