Meeting Details

  • Date: Tuesday, September 29, 2026
  • Time: Commenced at 12:00 P.M. and concluded at 01:11 P.M. (IST)
  • Location: Held through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The Registered Office of the Company was deemed the venue.
  • Type of Meeting: 29th Annual General Meeting

Summary of Proposed Resolutions

The following eight (8) resolutions were placed before the members for approval:

Ordinary Business:

1. To consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon. (Ordinary Resolution)

2. To re-appoint Mr. Ramesh Kumar (DIN: 07684009) as a Non-Executive Director, who retires by rotation. (Ordinary Resolution)

Special Business:

3. Ratification of remuneration payable to M/s Jain Sharma & Associates, Cost Auditors, for the financial year 2026-27. (Ordinary Resolution)

4. Approval for material Related Party Transactions with Ab Cotton Textiles Private Limited. (Ordinary Resolution)

5. Approval of change of name of the Company and consequent alteration in the Memorandum of Association and Articles of Association of the Company. (Special Resolution)

6. Approval to make investments, give loans, guarantees, and security in excess of limits specified under section 186 of the Companies Act, 2013. (Special Resolution)

7. To approve the creation of charge, mortgage, hypothecation on or otherwise encumbering the movable and immovable properties of the Company. (Special Resolution)

8. Approval of the borrowing limits in terms of Section 180(1)(c) of the Companies Act, 2013. (Special Resolution)

Voting Process and Methods

  • The facility for remote e-voting was provided by Central Depository Services (India) Limited (CDSL).
  • The remote e-voting period commenced on Saturday, September 26, 2026, at 9:00 a.m. and ended on Monday, September 28, 2026, at 5:00 p.m.
  • For members participating in the AGM who had not voted via remote e-voting, an e-voting facility was activated during the meeting and kept open for 30 minutes.
  • Since the meeting was held through VC/OAVM, the facility for appointment of Proxies was not available.

Key Voting Outcomes

  • The consolidated results of the voting were not announced during the meeting.
  • It was announced that the results, along with the report of the Scrutinizer, would be declared after receipt within 2 working days from the conclusion of the AGM.
  • The results will be placed on the website of the Company and CDSL and submitted to BSE Limited and the National Stock Exchange of India Limited.

Attendance and Quorum

  • Total Members Attended: Twenty-Two (22) members attended the meeting through VC/OAVM.
  • Quorum: Requisite quorum was present throughout the meeting.
  • Directors in Attendance: Mr. Deepak Garg (Chairman), Mr. Manohar Lal (Whole-time Director), Mr. Ramesh Kumar (Non-Executive Director), Mr. Puneet Bhandari (Independent Director), Ms. Preet Kaur (Independent Director), Mr. Rajesh Tuteja (Independent Director).
  • Other Attendees: Company Secretary, CFO, Statutory Auditors, Secretarial Auditor, Cost Auditor, Internal Auditor, and the Scrutinizer.

Scrutinizer's Role

  • Mr. Deepak Gupta (Membership No. 5339) of M/s DR Associates, Companies Secretaries, was appointed as the Scrutinizer for the AGM.
  • His report on the voting process is pending and will be submitted within 2 working days.

Compliance Confirmation

The meeting was held in compliance with:

  • The applicable provisions of the Companies Act, 2013 and its Rules.
  • The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Relevant circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).
  • The Annual Report for FY 2025-26, including the AGM Notice, was dispatched to members via email on September 5, 2026, or physical letter for those without registered email addresses.