Sun Retail Appoints New Independent Director, Reconstitutes Board Committees
Sun Retail Ltd announced significant changes to its board structure following a board meeting held on Thursday, April 16, 2026. The company appointed Mrs. Khyati Bhavya Shah as an Additional Non-Executive Independent Director and noted the resignation of Non-executive Independent Director Nisha Sukhdevbhai Parmar.The Board of Directors appointed Mrs. Khyati Bhavya Shah (DIN: 09430457) as the Additional Non-Executive Independent Director, effective April 16, 2026. This appointment is subject to the approval of the shareholders at the ensuing Annual General Meeting. Mrs. Shah is a Company Secretary by profession, bringing extensive knowledge and experience in Corporate and Allied Laws, Finance, and corporate law. She holds qualifications including B. Com, LLB, and CS, and possesses over seven years of experience.
The board also noted the resignation of Nisha Sukhdevbhai Parmar (DIN: 07687423), who stepped down as Non-executive Independent Director. Her resignation letter, dated April 15, 2026, cited pre-occupation of work as the reason for her departure, with the effective date being April 15, 2026.
Committee Reconstitution
Following these changes in the Board of Directors, the company announced the reconstitution of three key committees, effective April 16, 2026.The composition of the reconstituted committees is as follows:
Audit Committee
| Name | Designation |
|---|---|
| Mrs. Khyati Bhavya Shah | Chairperson |
| Mr. Rajesh Chinubhai Sutaria | Member |
| Mr. Rajat Raja Kothari | Member |
Nomination and Remuneration Committee
| Name | Designation |
|---|---|
| Mrs. Khyati Bhavya Shah | Chairperson |
| Mr. Rajesh Chinubhai Sutaria | Member |
| Mr. Rajat Raja Kothari | Member |
Stakeholders Relationship Committee
| Name | Designation |
|---|---|
| Mr. Rajesh Chinubhai Sutaria | Chairperson |
| Mr. Dharamjit Bhupatsinh Mori | Member |
| Mrs. Khyati Bhavya Shah | Member |
Stock Price Movement
Sun Retail Ltd settled at ₹0.41 today, finishing higher after an impressive gain of 7.89%. The shares found a trading range between ₹0.38 and ₹0.41 during the session.Source:
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.