AGM Details

The 44th Annual General Meeting will be held on Wednesday, 9th September, 2026 at 11:00 AM IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The cut-off date for determining voting rights is 2nd September, 2026.

Ordinary Business Items

1. Adoption of Financial Statements

  • To consider and adopt the Audited Financial Statements for the financial year ended 31st March, 2026
  • Includes Balance Sheet, Profit and Loss Account, Cash Flow Statement
  • Includes reports of Board of Directors and Statutory Auditor

2. Re-appointment of Director

  • Re-appointment of Mrs. Gazala Mohammed Irfan Kolsawala (DIN: 07133943) as Whole-Time Director
  • She retires by rotation and is eligible for re-appointment
  • Currently serves as CFO with annual salary of ₹6,10,000
  • Chartered Accountant with 26 years experience in finance, treasury, taxation
  • Appointed as Additional Director w.e.f. August 30, 2024
  • Holds 0 shares in the company

3. Appointment of Statutory Auditors

  • Appointment of M/s. S N Nanda & Co., Chartered Accountants (Firm Registration No. 000685N)
  • To hold office from conclusion of 44th AGM till conclusion of 49th AGM (Financial Year 2030-31)
  • Remuneration for FY26-27 fixed at ₹1,00,000
  • Remuneration for subsequent years to be fixed by Board of Directors
  • Replaces retiring auditors M/s. Amit ray & Co. who completed two consecutive terms
  • Firm has over 63 years of professional experience with offices in Delhi, Ranchi, Dhanbad, Surat, and Mumbai
  • Holds valid certificate issued by Peer Review Board of ICAI

Special Business Items

4. Reappointment of Whole-Time Director

  • Reappointment of Mr. Rajpradeep Mahavirprasad Agrawal (DIN: 09142752) as Whole-Time Director
  • For a further period of 5 years from 25th September, 2026 to 24th September, 2031
  • Current remuneration: ₹3,00,000 per annum
  • Proposed remuneration: ₹3,00,000 per annum (may be revised by Board)
  • B.Com graduate with experience in securities market and textile industry
  • First appointed on 24th April, 2021
  • Holds 0 shares in the company
  • In case of inadequate profits, will be paid minimum remuneration

Financial Performance Context (As per Annexure-A)

  • Paid-up Capital: ₹2,377.50 lakh
  • Reserves (excluding Revaluation Reserves): ₹4,090.45 lakh
  • Total Income: ₹16,908.77 lakh
  • Total Expenses: ₹19,258.22 lakh
  • Profit before Tax: ₹650.55 lakh
  • Tax Expenses: ₹208.49 lakh
  • Profit after Tax: ₹442.06 lakh

Voting Arrangements

  • Remote e-voting period: 6th September (9:00 AM) to 8th September (5:00 PM), 2026
  • E-voting service provider: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: Mr. Ranjit Binod Kejriwal, Company Secretary (Certificate of Practice No. 5985)
  • Shareholders can vote through CDSL/NSDL platforms using demat account credentials
  • Physical shareholders can vote using folio number and PAN details

Virtual Meeting Instructions

  • Meeting conducted through VC/OAVM facility
  • Participants limited to 1,000 members on first-come-first-served basis
  • Large shareholders (2%+ holding), promoters, institutional investors, directors, KMPs have unrestricted access
  • Shareholders must register 2 days in advance to speak during meeting

Additional Information

  • Company Secretary & Compliance Officer: Raji Jaikumar Panicker
  • Registrar & Transfer Agent: Niche Technologies Private Limited, Kolkata