Acknit Industries Ltd Announces Appointments and Reappointment of Independent Directors
Acknit Industries Ltd has approved the appointment of two new Additional Non-Executive Independent Directors and sanctioned the re-appointment of an existing independent director, following recommendations from its Nomination and Remuneration Committee. The appointments and reappointments were formalized by the Board of Directors during a meeting held on July 14, 2026.Mr. Tushar Jhunjhunwala and Mr. Amitava Mazumder have been appointed as Additional Directors in the category of Non-Executive Independent Directors. Their appointments are effective from July 14, 2026, for a period of five consecutive years, subject to approval by shareholders at the ensuing General Meeting.
The company has also approved the re-appointment of Mr. Shankar Lal Bajaj as an Independent Director for his second term of five consecutive years. This re-appointment is effective from September 25, 2026, and is also subject to shareholder approval. All three directors were noted to be unrelated to any existing Directors on the Board of the Company.
Details regarding the newly appointed Additional Directors are as follows:
| Director Name | Date of Appointment | Term Duration | Brief Profile |
|---|---|---|---|
| Tushar Jhunjhunwala (DIN: 00025078) | July 14, 2026 | Five consecutive years | Holds a Bachelor of Science in Engineering (Industrial and Operations) from the University of Michigan - Ann Arbor, USA. Possesses over 16 years of experience in real estate, finance, logistics, and other industrial activities. |
| Amitava Mazumder (DIN: 06441635) | July 14, 2026 | Five consecutive years | Holds a Bachelor of Science and has approximately 50 years of experience across finance, logistics, and other industrial activities. |
The details concerning the re-appointment are outlined in the table below:
| Director Name | Reason for Change | Date of Re-Appointment | Term Duration | Profile Highlights |
|---|---|---|---|---|
| Shankar Lal Bajaj (DIN: 00619282) | Re-appointment as Independent Director | September 25, 2026 | Five consecutive years | An undergraduate with extensive experience and expertise in the field of accounts and taxation. His last association was with M/S Ganges Printing Co Ltd, accumulating approximately 63 years of total experience. |
Stock Price Movement
Acknit Industries Ltd settled at ₹307.45 on Monday, edging higher by 0.29%. The shares traded within an intraday range spanning from a low of ₹288.05 to a high of ₹309.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.