Swadeshi Polytex Limited announced that on the nomination form NTC Limited and recommendation of Nomination & Remuneration Committee, the Board of Directors of the company have, by way of circular resolution passed on 6 June, 2023 approved Cessation of Mr. Kanjirakkattu Gopalan Manoj Kumar, Nominee Director with effect from 18 April, 2023 due to nomination withdrawn by National Textile Corporation Limited and approved the appointment of Mr. Palani Samy Kungumaraju as Nominee Director of NTC Limited in Place of Mr. Kanjirakkattu Gopalan Manoj Kumar with effect from vide nomination letter dated 18 April, 2023. Mr. Palani Samy Kungumaraju is a textile engineer having an experience of more than 36 years in spinning industry. He has been worked with the leading working Textile Spinning mills in India and Overseas in the areas of project planning, implementation, erection and maintenance, Production, quality control & Admin etc.

Joined to NTC in 2010 and worked with mills in Kerala and Tamil Nadu. He held the responsibility of Southern regional office as Officer-In charge. He is presently working as Officer-In charges /Region Head of NTC WRO.