Sharad Fibres & Yarn Processors Limited announced the Appointment of Mr. Bharat Bhushan Mithal as an Additional Independent Director of the Company with effect from December 23, 2022. Mr. Bharat Bhushan Mithal has corporate exposure as an employee for 16 years + 23 years as working independently offering professional services discreetly to selected group of entrepreneurs. He holds a Professional Degree as a Chartered Accountant from ICAI and Company Secretary from ICSI.

Mr. Bharat Bhushan Mithal was associated with Indian doyens (Business Groups of Birlas, Modis, Jindals and Gammon India) in their Indian ventures having Joint Ventures with international giants and rose from the position of "Otficer- Accounts" in 1982 to the positions of "Group Company Secretary cum Group General Manager- Project Finance" and to "Director Commercials" by year 1996. The company also announced the resignation of Mr. Unni Krishnan Nair from the post of Independent Director of the Company with effect from December 23, 2022.