Suryaamba Spinning Mills Re-appoints Mayank Agarwal as Whole-time Director for Five-Year Term

Suryaamba Spinning Mills Limited has announced the re-appointment of Mayank Agarwal as Whole-time Director for a five-year term, subject to shareholder approval at the upcoming Annual General Meeting. The decision, made by the company's Board of Directors, follows a recommendation from the Nomination and Remuneration Committee.

Key Details of the Re-appointment

• Term: August 1, 2025, to July 31, 2030
• Age: 35 years
• Education:
  • Industrial Engineering degree from Michigan University, USA
  • MFAB from Indian School of Business, Hyderabad

Professional Background

Mayank Agarwal brings a wealth of expertise to his role, with skills spanning:

• Business Management
• Marketing
• Finance
• Strategic Planning
• Corporate Management

Family Ties and Compliance

It's worth noting that Mayank Agarwal has familial connections within the company's leadership:

• Related to Virender Kumar Agarwal, Managing Director
• Related to Seema Agarwal, Joint Managing Director

The company has confirmed that Agarwal is not debarred from holding the office of Whole-time Director by any SEBI order or other authority, ensuring compliance with regulatory requirements.

Corporate Governance

This re-appointment demonstrates Suryaamba Spinning Mills' commitment to maintaining continuity in its leadership while adhering to proper corporate governance procedures. The decision to re-appoint Agarwal for another five-year term suggests confidence in his abilities to contribute to the company's future growth and strategic direction.

Shareholders will have the opportunity to vote on this re-appointment at the forthcoming Annual General Meeting, as per standard corporate practices for key executive positions.

As Suryaamba Spinning Mills Limited moves forward with this leadership decision, stakeholders will be watching closely to see how Mayank Agarwal's continued tenure as Whole-time Director will shape the company's trajectory in the coming years.