SIL Investments to vote on new director, INR 300 crore related party transactions

SIL Investments Limited announced a postal ballot to seek shareholder approval for the appointment of Suresh Kumar Khandelia as an independent director for a five-year term, effective from January 1, 2026, to December 31, 2030. Khandelia, aged 74, will turn 75 by January 3, 2026, necessitating a special resolution for his appointment. He brings extensive experience in finance, investment, and the textile industry.

The company is also seeking approval for two material related party transactions. The first involves granting a loan of up to INR 50 crore to Sutlej Textiles and Industries Limited, a promoter group entity. This transaction, on an arm's length basis and in the ordinary course of business, represents 91.21% of SIL Investments' annual consolidated turnover. The second proposal seeks omnibus approval for various related party transactions, including unsecured loans totaling up to INR 250 crore, with entities like Avadh Sugar & Energy, Magadh Sugar & Energy, Palash Securities, Morton Foods, and Cinatolliah Tea Limited. These transactions are also proposed to be at arm's length and within the company’s ordinary business activities.

The remote e-voting period for these resolutions commences on Friday, November 28, 2025, and concludes on Saturday, December 27, 2025. Results are expected to be announced on or before Monday, December 29, 2025.