SIL Investments board approves director, significant related-party loans

SIL Investments Limited’s board of directors, meeting on November 21, 2025, approved seeking shareholder approval for the appointment of Suresh Kumar Khandelia as an independent director. Effective January 1, 2026, his five-year term will run until December 31, 2030. Khandelia, a qualified chartered accountant, brings extensive experience in finance, investment, and the textile industry. He has no relationships to other directors of the company.

The board also approved granting unsecured loans totaling INR 250.00 crore to six qualified bodies corporate (QBCs), all identified as related parties. These loans include INR 100.00 crore to Sutlej Textiles and Industries Limited, INR 50.00 crore each to Avadh Sugar & Energy Limited and Magadh Sugar & Energy Limited, INR 25.00 crore each to Palash Securities Limited and Cinnatolliah Tea Limited, and INR 10.00 crore to Morton Foods Limited.

This transaction is deemed a material related party transaction, approved by the audit committee, and is now subject to shareholder approval. The company stated the loans are in the ordinary course of business and on an arm's length basis.