Superior Industrial Enterprises Board Approves Key Appointments and Financial Authorizations

Superior Industrial Enterprises Limited Board of Directors has approved several significant measures during their meeting held on September 4, 2025. The board's decisions encompass director appointments, financial authorizations, and preparations for the upcoming Annual General Meeting (AGM).

Board Appointments and Re-appointments

The board has proposed the re-appointment of Mr. Arun Nevatia as an Independent Director for a second term of five years, commencing from October 16, 2025. Mr. Nevatia, a Chartered Accountant with 37 years of professional experience, brings extensive expertise in strategic financial management to the company.

Additionally, the board has moved to regularize the appointment of Mr. Gaurav Kumar Gupta as an Independent Director. Mr. Gupta, a Fellow Member of the Institute of Cost Accountants of India with an MBA in Finance, is recognized for his proficiency in taxation, finance, and cost management.

Financial Authorizations

In a significant move, the board has approved a maximum limit of ₹10.00 crore for granting loans, providing guarantees, or offering security under Section 186 of the Companies Act, 2013. This decision aims to provide the company with greater flexibility in pursuing business opportunities and making strategic investments.

The board has also authorized related party transactions with Babri Polypet Private Limited for up to ₹20.00 crore over a five-year period. These transactions may include the sale, purchase, or supply of goods, availing or rendering of services, and leasing of property.

Furthermore, the board has sought authorization under Section 185 of the Companies Act, 2013, to advance loans, provide guarantees, or offer securities in connection with loans taken by entities in which the company's directors are interested, up to an aggregate limit of ₹10.00 crore.

Annual General Meeting Preparations

The company has scheduled its 34th Annual General Meeting for September 28, 2025, to be held virtually. In preparation for the AGM, the board has appointed M/s. RSH & Associates as scrutinizers for the e-voting process.

The board has also approved the appointment of M/s. Mahesh Singh & Co. as Cost Auditors for the financial year ending March 31, 2026, with a proposed remuneration of ₹20,000.00, subject to ratification by the shareholders.

Conclusion

These board decisions reflect Superior Industrial Enterprises Limited's focus on strengthening its governance structure, enhancing financial flexibility, and ensuring compliance with regulatory requirements. The proposed appointments and financial authorizations are subject to shareholder approval at the upcoming AGM.