Meeting Details

The 13th Annual General Meeting (AGM) of Akshar Spintex Limited was held on Monday, 28th September, 2026 at 1:30 p.m. (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting commenced at 1:30 p.m. and concluded at 1:53 p.m., lasting 23 minutes. The meeting was conducted in accordance with the Companies Act, 2013, rules made thereunder, and applicable circulars and guidelines issued by the Ministry of Corporate Affairs (MCA) and SEBI.

Attendance

Directors in Attendance:

  • Mr. Harikrushna Shamjibhai Chauhan, Chairman cum Whole Time Director
  • Mr. Harry Paghdar, Executive Director
  • Mrs. Ilaben Dineshbhai Paghdar, Executive Director
  • Mr. Rohit Dobariya, Independent Director
  • Mr. Bhavin Jayantibhai Kothiya, Independent Director

Other Dignitaries:

  • Mrs. Poonam P. Kapupara, Chief Financial Officer
  • CS Namrata Seta, Company Secretary and Compliance Officer

Other Representatives:

  • Authorized representative of H. B. Kalaria & Co., Statutory Auditors
  • Representative of D. N. Vora & Associates, Secretarial Auditors and Scrutinizer

Members Present:

35 members/shareholders attended the AGM through VC/OAVM. 5 members had registered as speakers, but 0 members actually addressed the meeting.

Chairmanship

Mr. Harikrushna Shamjibhai Chauhan, Chairman cum Whole Time Director, chaired the proceedings in accordance with the Articles of Association. CS Namrata Seta welcomed members and introduced attendees.

Proceedings Summary

The notice convening the 13th AGM and Annual Report for FY ended 31st March, 2026 were taken as read. Mr. Harry Paghdar read out the qualified observations from Statutory Auditor's Report and Secretarial Auditor's Report, along with explanations provided in the Annual Report. He discussed financial performance, business operations, outlook, shareholders' value, and corporate governance. Members were informed about CS Dipali Vora's appointment as Scrutinizer for remote e-voting and e-voting during the AGM. Results were to be placed on company website and submitted to stock exchanges.

Business Transacted

Ordinary Business:

1. Adoption of Audited Financial Statements for financial year ended 31st March, 2026, together with Reports of Board of Directors and Auditors

2. Re-appointment of Mrs. Ilaben Dineshbhai Paghdar (DIN: 07591339) who retired by rotation

3. Appointment of M/s H. Jamnadas & Company, Chartered Accountants (Firm Registration No. 104033W) as Statutory Auditors for five years until conclusion of AGM in 2031, replacing M/s H. B. Kalaria & Associates (Firm Registration No. 104571W)

Special Business:

4. Payment of remuneration of ₹36,000/- plus applicable taxes and actual out-of-pocket expenses to M/s. Mitesh Suvagiya & Co., Cost Accountants for cost audit for FY 2026-2027

5. Approval of remuneration payable to Mrs. Ilaben Dineshbhai Paghdar (DIN: 07591339), Executive Director, up to ₹15,00,000/- per annum including perquisites and allowances, effective 1st October, 2026 for three years

6. Re-seek approval for payment of remuneration to Mr. Harry Paghdar (DIN: 11096100), Executive Director, at ₹1,00,000/- per month (₹12,00,000/- per annum) including perquisites and allowances, for period from 1st October, 2026 to 30th September, 2029, including minimum remuneration in event of loss or inadequacy of profits under Schedule V

7. Re-appointment of Mr. Parshotam Lakhabhai Vasoya (DIN: 09229252) as Independent Director for second and final term of five years from 28th September, 2026 to 27th September, 2031

8. Appointment of Mr. Sureshkumar Chaturbhai Gajera (DIN: 11106779) as Independent Director for five years from 28th September, 2026 to 27th September, 2031

9. Re-appointment of Mr. Harikrushna Shamjibhai Chauhan (DIN: 07710106) as Chairman cum Whole-time Director for three years from 8th January, 2027 to 7th January, 2030, and approval of remuneration of ₹30,00,000/- per annum including perquisites and allowances

Voting Process

Remote e-voting and e-voting during the AGM were conducted, scrutinized by CS Dipali Vora, Practicing Company Secretary. The results together with Scrutinizer's Report were to be placed on company website and submitted to stock exchanges.

Compliance Confirmation

The meeting was conducted in compliance with Companies Act, 2013, SEBI Listing Regulations, and applicable MCA and SEBI circulars and guidelines.