Silky Overseas Limited Restructures Governance After Key Directors Resignations and Appointments

Silky Overseas Limited Restructures Governance After Key Directors Resignations and Appointments​

The Board of Directors of Silky Overseas Limited held a meeting on June 30, 2026, resulting in significant changes to the company's board composition and committee structure. The meeting addressed the resignation of two Non-Executive Independent Directors and subsequent appointments designed to reinforce corporate governance standards across key committees.

Director Resignations​

The Board formally accepted the resignations of Mr. Ayush Garg (DIN: 07611200) and Mr. Kailash (DIN: 10090452). Both directors tendered their resignations effective June 12, 2026, citing personal reasons. The company accepted the departures and expressed appreciation for the guidance provided by both individuals during their tenure.

Mr. Garg's resignation details showed that he held director positions at SATYAMPROJECTS LIMITED and RATHI INDUSTRIES LIMITED, serving as an Independent Director on the Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee of both entities.

Mr. Kailash's resigned directorship involved GROVER JEWELLS LIMITED, where he served as an Independent Director on the Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee.

Board Appointments and Governance Reinforcement​

Following the resignations, the Board subsequently appointed both Mr. Ayush Garg and Mr. Kailash to key roles effective June 30, 2026. Both individuals were appointed as Additional Directors (Non-Executive, Independent) with a term of five consecutive years, pending shareholder approval within three months.

Mr. Ayush Garg's profile includes experience as a qualified Company Secretary and Commerce graduate, possessing over a decade in corporate governance, regulatory compliance, and corporate advisory. He is currently associated with HMAAgroIndustries Limited and Sona Machinery Limited.

Mr. Kailash brings practical insights into organizational management and decision making, having experience in business and commercial activities.

Committee Reconstitutions​

The Board meeting resulted in the reconstitution of several important committees, integrating Mr. Ayush Garg and Mr. Kailash as new members. The updated compositions are as follows:

Audit Committee
The Audit Committee was reconstituted to include Mr. Kailash and Mr. Ayush Garg. The composition is:


Nomination and Remuneration Committee
The Nomination & Remuneration Committee was reconstituted, adding both directors to the body. The committee composition is:


Stakeholder Relationship Committee
The Stakeholders Relationship Committee was also reconstituted with the inclusion of Mr. Ayush Garg. The composition is:

SILKY Stock Price Movement​

Shares of Silky Overseas Limited maintain steady trading at ₹104.95 as of 1:54 PM, with the equity showing zero change in performance today. The security remains active in the market, holding its current price within established parameters for the textiles and apparel industry.