Event Details

Disclosure Type: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Overview

The 41st Annual General Meeting (AGM) of Blue Chip Tex Industries Limited was held on Tuesday, 22nd September, 2026 at 12:00 noon (IST) through Video Conferencing/Other Audio-Visual Means as per guidelines issued by the Ministry of Corporate Affairs vide General Circular No. 02/2022 dated 5th May, 2022 read with General Circular No. 20/2020 dated 5th May, 2020.

Attendance

Directors/Key Managerial Personnel Present:

  • Mr. Shahin N. Khemani - Chairman & Managing Director
  • Mr. Abhishek S. Kamdar - Non-Executive Independent Director
  • Mr. Rahul A. Khemani - Non-Executive Independent Director
  • Mrs. Tanya Singh Shah - Chief Financial Officer & Director
  • Mr. Siddharth A. Khemani - Non-Executive, Non-Independent Director
  • Ms. Binita Gosalia - Company Secretary and Compliance Officer

Invitees Present:

  • Mrs. Pooja Jaini - Partner, DKP & Associates, Statutory Auditors
  • Mr. Raghunath P. Gupta - Proprietor, Raju Gupta & Associates, Internal Auditors
  • Mrs. Ohanashree Talwalekar - From DTNV & Associates, Secretarial Auditors

Members: 27 members attended through Video Conferencing

Meeting Proceedings

The meeting commenced at 12:00 noon (IST) with Chairman Mr. Shahin N. Khemani welcoming members. The requisite quorum was present. Statutory Registers and documents mentioned in the AGM notice were available for inspection on the company's website.

The Notice of the 41st AGM along with Financial Statements for FY ended 31st March, 2026 and Directors and Auditors Report were emailed to all members within statutory timelines. Both Statutory Auditors' Report and Secretarial Auditors' Report contained no qualifications, observations, comments or other remarks.

Resolutions Put to Vote

The following resolutions were put to vote through remote e-Voting and E-voting:

1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon

2. To appoint a Director in place of Mr. Rahul A. Khemani (DIN: 03290468), who retires by rotation and, being eligible, offers himself for re-appointment

3. To ratify the remuneration of Cost Auditors for the Financial Year 2026-27

4. To alter and adopt new set of Memorandum of Association (MOA) of the Company as per the Companies Act, 2013

5. To alter and adopt new set of Articles of Association (AOA) of the Company as per the Companies Act, 2013

6. To consider appointment of Mr. Saurabh S. Somani as an Independent Director

Voting Process

Mr. Pramod S. Shah, Partner, M/s Pramod S. Shah & Associates, Practicing Company Secretaries was appointed as Scrutinizer to scrutinize the e-Voting process. The e-Voting process continued for 15 minutes from conclusion of AGM. Results of e-Voting along with Scrutinizer's Report will be communicated to BSE and placed on company's website and Bigshare Services Private Limited's website within 48 hours from conclusion of meeting.

Shareholder Queries and Responses

First Shareholder:

  • Requested company to schedule AGM during first week of September
  • Requested arrangement of factory visit for members
  • Management noted the requests

Second Shareholder:

  • Enquired about company's exposure in domestic and international markets
  • Enquired about states in which company supplies textile products
  • Management addressed the queries

Third Shareholder:

  • Enquired about expected financial performance for following year
  • Enquired why company was operating at break-even point and whether performance was in line with industry peers
  • Sought clarification on whether age of machinery impacted operations

Management Response:

  • Stated company's performance was in line with industry peers
  • Stated machinery was well maintained and regularly upgraded, and age did not result in any disadvantage
  • Informed remaining queries would be addressed separately via email in due course

Meeting Conclusion

The meeting concluded at 12:30 PM with a vote of thanks to the Chair by Ms. Binita Gosalia, Company Secretary.

Important Notes

  • This document does not constitute Minutes of the proceedings of the Annual General Meeting
  • Company will separately intimate results of e-Voting to stock exchange