Eastern Silk Industries 80th AGM Approves Multiple Resolutions

Date: September 26, 2025 (disclosure date), Meeting Date: September 26, 2026

Meeting Details

The 80th Annual General Meeting of Eastern Silk Industries Limited was held on September 26, 2026 through Video Conference (VC) / Other Audio Visual Means (OAVM). The meeting started at 01:00 PM IST and concluded at 01:20 PM IST. Total 31 members attended the meeting through video conferencing.

Directors Present Through Video Conferencing:

• Mr. Ajay Bikram Singh, Chairman
• Mr. Deepak Kumar Gupta, Independent Director
• Mr. Praveen Kumar Agarwal, Independent Director
• Mr. Ramesh Chandragiri Reddappa, Whole-Time Director
• Mr. Sunil Kumar, Whole-Time Director
• Ms. Jyoti Thomas, Independent Director

In Attendance Through Video Conferencing:

• Mr. Nitin Dubey, Company Secretary & Compliance Officer
• Mr. Ayush Goel, CFO

Invitees Through Video Conferencing:

• Mr. Nitin Ghanshyam Hotchandani, M/s H Nitin & Associates, Company Secretaries, Secretarial Auditors of the Company
• Mr. Gaurav Arora, M/s Gaurav Arora & Co., Company Secretaries, Scrutinizer
• Mr. Pulkit Vyas, Vyas and Vyas Chartered Accountants
• Mr. Rajiv Goel, MS ABS Consultant Private Limited

Meeting Proceedings

Mr. Ajay Bikram Singh, Chairman of the meeting, extended a warm welcome to the Directors, Members and invitees. The chairman addressed shareholders on current and future perspectives of the company.

Mr. Nitin Dubey confirmed the presence of requisite quorum in terms of Section 103 of the Companies Act, 2013. The meeting was held through VC/OAVM facility in compliance with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.

The Notice convening the AGM and Annual Report for the Financial Year 2025-26 were sent to all members. Remote e-voting facility was provided to Members through National Securities Depository Limited (NSDL) from September 22, 2026 at 09:00 AM IST to September 25, 2026 at 05:00 PM IST.

Mr. Gaurav Arora of M/s Gaurav Arora & Co., Company Secretaries, New Delhi was appointed as the Scrutinizer for scrutinizing votes cast through remote e-voting and e-voting on the date of the AGM.

Auditor Reports

The Statutory Auditor's Report was free from any qualifications, observations or comments or disclaimers or other remarks on the financial transactions or matters, which may have any adverse effect on the functioning of the Company.

The Secretarial Auditor's Report was free from any qualifications, observations or comments or disclaimers or other remarks.

Resolutions Presented for Shareholder Approval

Ordinary Business:

1. Adoption Of Audited Financial Statements Of The Company For The Financial Year Ended on March 31, 2026 And the Reports Of The Board Of Directors And Auditors Thereon

2. Appointment of a director in place of Mr. Ramesh Chandragiri Reddappa (DIN: 10535137), who retires by rotation, and being eligible, has offered himself for re-appointment

3. Appointment of Statutory Auditors from the conclusion of this Annual General Meeting until the conclusion of the 85th Annual General Meeting and to fix their remuneration

Special Business:

4. Appointment of M/s. Vyas and Vyas, Chartered Accountants, as the Statutory Auditors of the Company to fill the casual vacancy caused by the resignation of M/s. B K Shroff & Co., Chartered Accountants

5. To approve material related party transaction of providing Corporate Guarantee for the credit facilities being availed by Bauman Dekor Private Limited and to create mortgage/pledge/hypothecation/charge on all or any of the movable/immovable properties of the Company for the credit facilities being availed by Bauman Dekor Private Limited

6. Increase in Investment Limits for NRIs and OCIs – proposal to increase the existing limit from 10% to 24% of paid-up capital

7. Enhancement in limits of Investments/Loans/Guarantees/Securities under Section 186 of the Companies Act, 2013

8. To approve Conversion of Loan in to Equity pursuant to Resolution Plan Approved by Honble NCLT

9. Approval for availing of the non-interest-bearing unsecured loan from Director(s) and/or Promoter(s) with an option for conversion of the loan into Equity Shares of the Company

10. To Approve the Material Related Party Transactions With Warps And Wefts FZC

11. To Approve the Material Related Party Transactions With Design Coordinates FZC

12. To Approve the Material Related Party Transactions With M/S Baumann Dekor Private Limited

13. To Approve the Material Related Party Transactions With M/S Consilio Resources Private Limited

14. To Approve the Material Related Party Transactions With M/S Baumann Dekor FZC

15. To Approve the Material Related Party Transactions with M/S Shakuntla Sampling

16. To Approve the Material Related Party Transactions with M/S Trendz Building Materials Trading LLC

Voting Process

Facility for voting through e-voting system was made available during the AGM and 15 minutes after conclusion of the AGM for Members who had not cast their vote through remote e-voting. The Scrutinizer will prepare consolidated report of voting on the resolutions and submit his report to the Chairman.

The requisite Quorum was present at the commencement of the Meeting as well as at the time of consideration of each item of business.