Sarla Performance Fibers Limited intimates the sudden demise of its Promoter Director and the Chairman and whole time Director of Company, Shri Madhusudan Jhunjhunwala, on July 19, 2021. Shri Madhusudan Jhunjhunwala was one of the Co-founders Director and played crucial leadership roles through his long career at Sarla Performance Fibers Limited. Shri Madhusudan Jhunjhunwala was on the Board of Company since 1994 and the Company has immensely benefitted from his vision and leadership during his tenure. The sudden and unexpected demise of Shri Jhunjhunwala has caused an irreparable loss to the Company.