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Sahaj Fashions Limited Revises Board Meeting Outcome

Mumbai, July 29, 2024 — Sahaj Fashions Limited has submitted a revised outcome of its Board Meeting held on May 15, 2024, to the National Stock Exchange of India Limited. The meeting, which started at 03:45 P.M. and concluded at 04:00 P.M., addressed several key agenda items, including appointments and reconstitutions of various committees.

Key Outcomes of the Board Meeting

Introduction

Sahaj Fashions Limited announced significant updates following the Board Meeting on May 15, 2024. This revised outcome includes important decisions regarding the company's leadership and committee structure.

Appointment of Additional Director

New Director Appointment

• Name: Mr. Sudhir Omprakash Maheshwari
• Position: Additional (Non-Executive Independent) Director
• DIN: 07827789
• Effective Date: May 15, 2024

Profile Overview

Mr. Maheshwari is a Chartered Accountant with extensive experience in statutory audits, bank audits, professional consultancy, MIS services, and project finance. He is currently an Independent Director at Astron Paper & Board Mill Limited.

Appointment Reason

The appointment follows the resignation of an existing independent director. Mr. Maheshwari is not debarred by any SEBI order from holding the position of director.

Committee Reconstitutions

Audit Committee

• Chairman: Mr. Brij Behari Gupta (Non-Executive & Independent Director)
• Member: Mr. Sudhir Omprakash Maheshwari (Non-Executive & Independent Director)
• Member: Mrs. Prabha Lakhotiya (Non-Executive Director)

Nomination and Remuneration Committee

• Chairman: Mr. Brij Behari Gupta (Non-Executive & Independent Director)
• Member: Mr. Sudhir Omprakash Maheshwari (Non-Executive & Independent Director)
• Member: Mrs. Prabha Lakhotiya (Non-Executive Director)

Shareholders Relationship Committee

• Chairman: Mr. Brij Behari Gupta (Non-Executive & Independent Director)
• Member: Mr. Sudhir Omprakash Maheshwari (Non-Executive & Independent Director)
• Member: Mrs. Prabha Lakhotiya (Non-Executive Director)

Re-Appointments

Internal Auditor

• Name: Mr. Murli Dhar Sharma
• Position: Internal Auditor for FY 2024-25
• Reason for Re-Appointment: To comply with the Companies Act, 2013, and SEBI regulations
• Experience: Over 5 years in banking and accounting

Secretarial Auditor

• Firm: M/s R Jat & Associates
• Position: Secretarial Auditor for FY 2024-25
• Proprietor: Mr. Ramswaroop Jat
• Experience: Over 8 years in secretarial audit and related services

Cost Auditor

• Firm: M/s Aggarwal Ashwani K & Associates
• Position: Cost Auditor for FY 2024-25
• Proprietor: Mr. Ashwani Kumar Aggarwal
• Experience: Over 29 years in cost audit and CSR consultancy

Pending Financial Discussions

The Board did not discuss the audited standalone financial results for the quarter and financial year ending March 31, 2024. This discussion is scheduled for an upcoming board meeting, with further intimation to be provided in due course.