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<h1>Textile company approves name change, management consolidation and key board appointments after 52% investor takeover; company now debt-free</h1> A listed textile company held an extraordinary general meeting approving a corporate name change (subject to government approval), ratifying a post-sale management consolidation after a share purchase agreement, and confirming key board and executive appointments including a three-year term for the chairman-managing director, appointment of a whole-time director acting in concert, a re-designation of an executive to non-executive director, and an independent director for five years. Shareholders noted the new controlling investor holds roughly 52% and the company is now bank debt-free. The new management signalled a strategy focused on cost optimisation, digital supply-chain upgrades, product diversification and continued operation of its Narol manufacturing unit.