Singer India Limited has announced a significant legal development involving two of its key executives. The company's Vice President of Sourcing and Logistics, Prashant Aggarwal, and Chief Financial Officer, Subhash Chand Nagpal, have been discharged from a criminal case by the Judicial Magistrate First Class Court in Ludhiana.

Case Details

The executives were named in a First Information Report (FIR) registered earlier this year. Here are the key details of the case:

Impact on Singer India

Singer India has stated that this legal development has no impact on the company's financial, operational, or other activities. This assertion aligns with the information provided in the company's LODR (Listing Obligations and Disclosure Requirements) filing, which explicitly mentions "Nil impact on financial, operational or other activities of the Company."

Corporate Governance Implications

The discharge of senior executives from a criminal case is a significant event from a corporate governance perspective. It removes a potential source of uncertainty for the company and its stakeholders. However, it's important to note that the details of the allegations that led to the FIR have not been disclosed in the available information.

Conclusion

While the discharge of the executives from the criminal case is a positive development for Singer India, stakeholders may want to monitor any further disclosures or statements from the company regarding this matter. As always, transparency in corporate legal matters remains crucial for maintaining investor confidence and upholding good governance practices.

Singer India Limited , a renowned name in the sewing machine and home appliance industry, has announced a significant change in its leadership team. The company has appointed Mr. Anuj Kumar Vasdev as the Chief Financial Officer (CFO) Designate, effective September 18, 2025.

Board Approval and Appointment Process

The appointment was approved by Singer India's Board of Directors through a circular resolution on September 18, 2025. This decision was based on the recommendation of the company's Nomination and Remuneration Committee, highlighting the strategic importance of this role.

Anuj Kumar Vasdev's Professional Background

Mr. Vasdev brings an impressive track record to his new role at Singer India:

• Over 26 years of experience in strategic finance leadership
• Held key CFO and senior finance positions in prominent organizations
• Notable companies in his career include NCML, Ozone, Mars & Wrigley's, PepsiCo, and Dabur

Throughout his career, Vasdev has demonstrated expertise in:

• Driving financial strategies
• Strengthening business performance
• Enabling sustainable growth

Implications for Singer India

The appointment of Mr. Vasdev as CFO Designate is a strategic move for Singer India Limited. His extensive experience in financial leadership across various industries is expected to bring fresh perspectives and robust financial strategies to the company.

Regulatory Compliance

In compliance with regulatory requirements, Singer India Limited has made this announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also provided detailed information about the appointment to the BSE Limited, where its shares are listed.