Key Decisions and Approvals:

1. Annual General Meeting Arrangements:

  • Approved the Notice of 16th Annual General Meeting (AGM) and Director's Report with annexures
  • The 16th AGM will be held on Wednesday, 30th September 2026 at 11:00 AM at the registered office
  • The register of members and share transfer books will remain closed from Wednesday, 23rd September 2026 to Wednesday, 30th September 2026 (both days inclusive) for the AGM
  • Fixed Friday, 25th September 2026 as the cut-off date for determining member eligibility to vote
  • Appointed NDSL to provide e-voting facilities for the AGM
  • Appointed M/s. Monika V Tyagi & Associates, Practicing Company Secretary, as Scrutinizer for the AGM

2. Statutory Auditor Appointment:

  • On recommendation of the Audit Committee, approved appointment of M/s Finava & Associates, Chartered Accountants (Firm Registration No. 117362W) as Statutory Auditors
  • This appointment fills the casual vacancy caused by the resignation of M/s RPC & Co., Chartered Accountants (Firm Registration No. 121723W)
  • The term of appointment is from 31st August 2026 until the conclusion of the ensuing 16th AGM
  • The Board also recommended for shareholder approval the appointment of M/s Finava & Associates for a term of 5 consecutive years, from the conclusion of the 16th AGM until the conclusion of the 21st AGM in 2031
  • M/s Finava & Associates is a peer-reviewed firm (certificate no. 020765) with experience handling large corporate clients including listed companies

3. Director Appointments and Re-appointments:

Mrs. Bindiya Ketankumar Parvadiya (DIN: 08210285)

  • Re-appointment as Non-Executive Non-Independent Director (liable to retire by rotation)
  • Subject to shareholder approval at the 16th AGM
  • Has more than 10 years of experience in textile marketing
  • Daughter-in-law of Maganbhai Parvadiya, Director of the company

Mr. Maganlal Shambhubhai Parvadiya (DIN: 03190749)

  • Appointment and designation as Managing Director for 5 years effective 31st August 2026
  • Subject to shareholder approval
  • Promoter of the company who has served on the Board since incorporation
  • Has over three decades of experience in the textile industry
  • Oversees the company's overall operations
  • Brother of Chandubhai Parvadiya and father of Paras Parvadiya (CFO)

Mr. Chandubhai Shambhubhai Parvadiya (DIN: 03197876)

  • Appointment and designation as Whole-time Director for 5 years effective 31st August 2026
  • Subject to shareholder approval
  • Promoter of the company who has served on the Board since incorporation
  • Has over two decades of experience in the textile industry
  • Oversees the company's overall operations
  • Brother of Maganlal Parvadiya and uncle of Paras Parvadiya (CFO)

All appointed directors have confirmed they are not debarred from holding director office pursuant to any SEBI order or other authority.

The company provided detailed disclosures as required under Regulation 30 of SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.