Meeting Details
- Date: Tuesday, 29th September 2026
- Time: Commenced at 5:30 P.M. (IST) and concluded at 6:00 P.M. (IST)
- Mode: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- Deemed Venue: The Registered Office of the company at Commercial House, 3-4, Jaora Compound M.Y.H Road, Indore (M.P.) 452001
- Cut-off Date: 22nd September 2026
- Total Members on Cut-off Date: 5,827
Attendance
Directors Present:
1. Mr. Anil Choudhary - Chairman & Managing Director
2. Mr. Virendra Singh Pamecha - Whole Time Director
3. Mrs. Ranjana Choudhary - Whole Time Director
4. Mr. Vijay Kumar Bansal - Independent Director
5. Mr. Milind Mahajan - Independent Director
6. Mr. Sunil Agrawal - Independent Director
Officers Present:
1. Mr. Ravindra Choudhary - Chief Executive Officer
2. Mr. Pramal Choudhary - Chief Operating Officer
3. Mr. Abhishek Jain - CFO and Compliance Officer
4. Mr. Sandeep Patel - Company Secretary
5. Mr. Ashay Choudhary - Vice President (Technical Textile)
Special Invitees:
1. CS Ishan Jain - Secretarial Auditor & Scrutinizer for Remote E-voting & E-voting at AGM
2. CA Ashok Kumar Agarwal - Statutory Auditor
More than 30 members attended the meeting through VC/OAVM, exceeding the quorum requirement.
Summary of Proposed Resolutions
The following eight resolutions were proposed for shareholder approval:
Ordinary Business:
1. Item 1: To receive, consider, approve and adopt the Standalone and Consolidated Audited Financial Statements containing the Balance Sheet as at 31st March 2026, the Statement of Profit & Loss, Cash Flow, Statement of Changes in Equity and notes thereto of the company for the financial year ended 31st March 2026 and the Report of the Board's and Auditors thereon. (Ordinary Resolution)
2. Item 2: To declare dividend on the 4,03,39,200 equity shares of Rs. 10/- each of the Company for the financial year ended 31st March, 2026. (Ordinary Resolution)
3. Item 3: To appoint a director in place of Shri Anil Choudhary (DIN:00017913) who is liable to retire by rotation and being eligible offers himself for re-appointment. (Ordinary Resolution)
Special Business:
4. Item 4: To confirm and approve the re-appointment of Shri Anil Choudhary (DIN: 00017913), Chairman and Managing Director of the company for a further period of 3 (Three) Years w.e.f. 20th February 2027. (Special Resolution)
5. Item 5: To consider and approve re-appointment of Smt. Ranjana Choudhary (DIN:03349699) as Whole-time Director & KMP for a further period of 3 (Three) Years w.e.f. 1st June, 2027. (Special Resolution)
6. Item 6: For authorizing the Board of Directors for issuance of Warrants Convertible into Equity Shares of Rs. 10/- each on a Preferential Basis to the Promoter's and Promoters Group of the Company. (Special Resolution)
7. Item 7: To approve the increase in the limits u/s 186 of the Companies Act, 2013 for authority to the Board for making investments/extending loans and for giving guarantees or providing securities in connection with loans to Persons/Bodies Corporate. (Special Resolution)
8. Item 8: Approval for Material Related Party Transaction(s) under section 188 of the Companies Act, 2013 read with Regulation 23 of the SEBI (LODR), Regulations, 2015. (Ordinary Resolution)
Voting Process
- Scrutinizer: CS Ishan Jain, Practicing Company Secretary (FCS 9978, C.P. No. 13032) was appointed to ensure fair and transparent voting.
- E-voting Provider: Central Depository Services (India) Limited (CDSL)
- Remote E-voting Period: Commenced on Saturday, 26th September, 2026 at 9:00 A.M. (IST) and ended on Monday, 28th September 2026 at 5:00 P.M. (IST).
- E-voting at AGM: Facility was available throughout the meeting proceedings, with an additional 15 minutes granted after the meeting concluded.
- Eligibility: Only members registered as of the cut-off date (22nd September 2026) were entitled to vote.
Key Voting Outcomes and Scrutinizer's Report
The document states that the results of the remote e-voting and e-voting at the AGM, along with the detailed report of the scrutinizer, will be announced and submitted to the exchanges within 2 (Two) Working Days from the conclusion of the AGM. These results were not included in this immediate proceeding submission.
Compliance Confirmation
The meeting was confirmed to have been conducted in compliance with:
- The Companies Act, 2013
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Secretarial Standards issued by ICSI
- Various circulars issued by the Ministry of Corporate Affairs and SEBI
Communication and Documentation
- Notice of AGM dated 5th September 2026 and a Corrigendum issued on 22nd September 2026 were sent electronically to all members with registered email IDs.
- The recorded transcript of the AGM is to be made available on the company's website.
- The voting results will be placed on the Company's website, BSE, NSE, and CDSL websites.