Meeting Details

The 31st Annual General Meeting is scheduled to be held on Friday, September 18, 2026, at 11:30 A.M. IST through Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with the Companies Act, 2013 and SEBI Listing Regulations. The deemed venue for the AGM is the Registered Office of the Company at Plot No. 38 to 41, Ahmedabad Apparel Park, GIDC, Khokhra, Ahmedabad - 380 008.

Proposed Resolutions and Implications

Ordinary Business

1. To receive, consider and adopt the audited standalone and consolidated financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon.

2. To appoint a Director in place of Mr. Nilaybhai Jagdishbhai Vora (DIN: 02158990) who retires by rotation and being eligible, offers himself for re-appointment.

Special Business

3. Ratification of Remuneration of Cost Auditor: Payment of remuneration of ₹50,000/- plus applicable taxes and out of pocket expenses to M/s. Maulin Shah & Associates, Cost Accountants for conducting audit of cost records for FY 2026-27.

4. Increase in Authorized Share Capital: To increase authorized share capital from ₹91,00,00,000/- divided into 45,50,00,000 equity shares of ₹2/- each to ₹151,00,00,000/- divided into 75,50,00,000 equity shares of ₹2/- each, requiring alteration of Clause V of Memorandum of Association.

5. Approval of Material Related Party Transactions: To approve transactions with related parties:

  • Globe Denwash Private Limited: ₹250 Crores
  • Kunthunath Impex LLP: ₹50 Crores

Total aggregate limit: ₹300 Crores

6. Increase in Borrowing Powers: To authorize borrowing up to ₹500 Crores, exceeding the aggregate of paid-up share capital, free reserves and securities premium.

7. Increase in Limits for Loans and Investments: To authorize loans, guarantees, and investments up to ₹500 Crores, exceeding limits prescribed under Section 186 of Companies Act, 2013.

8. Increase in Limits for Disposing Undertaking/Creating Charge: To authorize selling/leasing undertakings and creating charges on assets up to ₹500 Crores.

9. Approval for Loans/Guarantees/Security under Section 185: To authorize advancing loans, giving guarantees, or providing security up to ₹500 Crores to related entities.

10. Conversion of Loans into Equity: To authorize borrowing from directors and promoters up to ₹100 Crores with option to convert into equity shares.

11. Appointment of Independent Director: To appoint Mr. Hemant Jayantilal Dave (DIN: 01151753) as Independent Director for 5 years from August 12, 2026, to August 11, 2031.

Voting Process and Methods

The Company will provide remote e-voting facility through NSDL (National Securities Depository Limited). The remote e-voting period begins on Tuesday, September 15, 2026, at 9:00 A.M. and ends on Thursday, September 17, 2026, at 5:00 P.M. Members can also vote during the AGM through e-voting system.

Members holding securities in demat mode can vote through their demat accounts with NSDL or CDSL. Physical shareholders need to follow specific procedures for e-voting registration. The cut-off date for determining voting rights is Friday, September 11, 2026.

Scrutinizer Appointment and Role

Mr. Jatinbhai Harishbhai Kapadia, Practicing Company Secretary (FCS No 11418 & CP No. 12043) has been appointed as the Scrutinizer to scrutinize the e-voting process during the AGM and remote e-voting in a fair and transparent manner. The Scrutinizer will submit a consolidated report within three days of the conclusion of the AGM.

Compliance with Laws and Regulations

The AGM is being conducted in compliance with:

  • Ministry of Corporate Affairs Circulars: 20/2020, 14/2020, 17/2020, 02/2021, 02/2022, 10/2022, 09/2023, 09/2024, and 03/2025 dated September 22, 2025
  • SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024
  • Companies Act, 2013 and rules thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard 2 on General Meetings issued by ICSI

Additional Information

The notice includes detailed instructions for members regarding remote e-voting, joining the virtual meeting, and procedures for shareholders whose email IDs are not registered. The Company's RTA is Bigshare Services Private Limited, and the e-voting agency is NSDL. All relevant documents including Register of Directors, Register of Contracts, and Annual Report 2025-26 are available for electronic inspection by members.