Sumit Woods Limited — Important, 30-05-2025: General Updates

Sumit Woods has announced a board meeting to appoint Mr. Amit Anil Pandit as an Independent Director, boosting expertise in finance and M&A. Annual remuneration for MD Mr. Mitaram Jangid and WTD & CFO Mr. Bhushan Nemlekar increased to Rs. 3.5 Cr each, with up to Rs. 50 lakh approved for a Non-Executive Director. Borrowing limits raised to Rs. 1,000 Cr to fund ongoing and upcoming projects. Material related party transactions capped at Rs. 100 Cr, with investment and loan authorizations up to Rs. 1,000 Cr to support group companies.