Meeting Details
The 34th Annual General Meeting was held on Friday, September 25, 2026 at 11:00 A.M through Video Conferencing (VC)/ Other Audio Visual Means (OAVM). The meeting concluded at 11:30 A.M.
Proposed Resolutions and Implications
The following resolutions were proposed and voted upon:
- Resolution 2: Declaration of final dividend of ₹0.50 per equity share for the year ended March 31, 2026 (Ordinary Resolution)
- Resolution 3: Re-appointment of Mr. K L V Narayanan (DIN:01273573) as Director who retires by rotation (Ordinary Resolution)
- Resolution 4: Appointment of Mr. Bijoy Philipose (DIN:00516331) as an Independent Director (Special Resolution)
- Resolution 5: Approval for capital raising by way of Qualified Institutions Placement (QIP) (Special Resolution)
- Resolution 6: Approval of material related party transactions with Kitex Apparel Parks Limited (Ordinary Resolution)
- Resolution 7: Approval of material related party transactions with Kitex Childrenswear Limited (Ordinary Resolution)
- Resolution 8: Approval of material related party transactions with Kitex USA LLC (Ordinary Resolution)
- Resolution 9: Approval of material related party transactions of subsidiary Kitex Apparel Parks Limited with Kitex Building Systems L.L.C-FZ (Ordinary Resolution)
- Resolution 10: Approval of material related party transactions of subsidiary Kitex Apparel Parks Limited with Kitex Childrenswear Limited (Ordinary Resolution)
Voting Process and Methods
Remote e-voting commenced on Tuesday, September 22, 2026 at 9:00 A.M. and ended on Thursday, September 24, 2026 at 5:00 P.M. Facility for e-voting during the meeting was also made available for members who had not cast their vote through remote e-voting. The voting module was extended for 15 minutes after the meeting concluded to enable members to cast votes.
Key Personnel and Roles
- Scrutinizer: CS Vincent P D, Managing Partner of M/s. SVJS & Associates, Company Secretaries, Kochi was appointed to scrutinize the remote e-voting and e-voting process
- Chairman: Mr. Sabu M. Jacob, Chairman and Managing Director chaired the meeting
- Company Secretary: Ms. Dayana Joseph conducted the proceedings and compliance matters
- Auditors: CA Manikandan Srinivasan, Partner of M/s. MSKA & Associates (Statutory Auditor) and CS Vincent P.D. (Secretarial Auditor) were present through VC/OAVM
Compliance and Regulatory References
The meeting was conducted in compliance with:
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India
- The Statutory Registers and documents related to Ordinary and Special Businesses were made available for inspection
- No proxy facility was available for this meeting
Additional Information
The Company Secretary confirmed that the Consolidated Financial Statements do not contain any qualification, though there was a qualification in the Independent Auditor's Report on Standalone Financial Statements. Observations in the Secretarial Audit Report were noted as self-explanatory with explanations provided by the Board of Directors.
The e-voting results along with the scrutinizer's report were to be informed to the stock exchanges and placed on the company's website within 2 working days of conclusion of AGM.