Event Details

Angel Fibers Limited held its 13th Annual General Meeting (AGM) on Saturday, August 22, 2026, from 11:00 A.M. to 11:45 A.M. at the company's registered office at Survey No. 100/1, Plot No.1, Haripar, Jamnagar, Gujarat, India - 361112.

Attendance

Present Directors:

  • Mr. Pankajbhai Becharbhai Bhimani (Whole-time Director) - elected as Chairman of the meeting
  • Mr. Rohankumar Raiyani (Managing Director)
  • Mr. Jitendrabhai Gopalbhai Raiyani (Executive Director)
  • Mr. Hiteshkumar Chhaganbhai Chaniyara (Independent Director)
  • Ms. Reena Jayantilal Kanabar (Company Secretary & Compliance Officer)

Absent Directors:

  • Mr. Rameshkumar Jivrajbhai Ranipa (Chairman and Whole Time Director)
  • Mr. Rutvikkumar Prabhudas Bhensdadiya (Independent Director)
  • Mr. Chandrakant Bhimjibhai Gopani (Independent Director)
  • Mr. Ashish Desai (Chief-Financial Officer)

Absences were attributed to personal reasons.

Meeting Proceedings

The meeting commenced with the requisite quorum present. Ms. Reena Kanabar, Company Secretary, welcomed shareholders and introduced panel members.

Mr. Pankajbhai Becharbhai Bhimani presented the company's performance for Financial Year 2025-26, explaining various reasons for decreased profit compared to the previous year. He provided an overview of current financial year performance and expressed optimism about positive growth prospects and upward trend.

Mr. Rohankumar Jitendra Raiyani, Managing Director, shared key factors responsible for the decline in profitability during FY 2025-26.

Ms. Reena Kanabar reported the financial performance for FY 2025-26 in the absence of CFO Mr. Ashish Desai.

The Statutory Auditor's Report for FY 2025-26 contained no qualifications or observations and was taken as read.

The Secretarial Audit Report was read and discussed in detail.

The Notice convening the AGM, Report of Board of Directors, and Accounts for FY ended March 31, 2026 were taken as read as they had been previously sent to all members.

Shareholder Information

  • Members who had not voted through remote e-voting could cast votes during the AGM
  • M/s. SCS and Co LLP was appointed as Scrutinizer to scrutinize votes cast during the meeting and through NSDL's remote e-voting platform
  • The Register of Directors' and Key Managerial Personnel, Register of contracts, and all other documents referred to in the Notice were available for inspection

Resolutions Passed

The following business items from the AGM notice were approved:

1. Ordinary Resolution: Receipt, consideration, and adoption of audited financial statements for FY ended March 31, 2026, together with directors and auditors report

2. Ordinary Resolution: Reappointment of Mr. Pankaj Becharbhai Bhimani (DIN: 08818741) who retired by rotation

3. Ordinary Resolution: Approval of material Related Party Transactions with Redeco Fibers Private Limited

4. Ordinary Resolution: Approval of material Related Party Transactions with Haripriya Spinning Mill Private Limited

5. Ordinary Resolution: Approval of material Related Party Transactions with Murlidhar Worldtrade Private Limited

6. Ordinary Resolution: Approval of Remuneration of Cost Auditor

7. Special Resolution: Reappointment of Mr. Rutvikkumar Prabhudas Bhensdadiya (DIN: 09306285) as Independent Director (Non-Executive) for a second term of five consecutive years

Meeting Conclusion

No questions were raised by members or directors. The meeting concluded at 11:45 A.M.

Financial Impact

Financial impact of the resolutions not quantified in the disclosure.