HISAR — In a move reinforcing management continuity, HP Cotton Textile Mills Limited has received shareholder sanction to re-appoint senior executives Raghavkumar Agarwal and Vikram Sumatilal Sheth to its Board of Directors.
The re-appointments were approved through remote e-voting and shareholder resolutions conducted around the company’s Annual General Meeting (AGM).
Board Re-Appointment Breakdown
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Raghavkumar Agarwal: Re-appointed as a Director liable to retire by rotation. He retains his executive mandates as Whole-Time Director, Chief Executive Officer (CEO), and Chief Financial Officer (CFO).
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Vikram Sumatilal Sheth: Re-appointed as Non-Executive Independent Director for a second 5-year term.
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Effective Date for Independent Tenure: Sheth’s fresh 5-year term takes effect on April 30, 2027, running until April 29, 2032.
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Regulatory Compliance: Processed pursuant to SEBI (LODR) Regulations, 2015, and the Companies Act, 2013.
