AGM Details

The 32nd Annual General Meeting will be held on Wednesday, 30th September 2026 at 02:00 PM (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM) without requiring physical presence of members. The company has engaged Central Depository Services (India) Limited (CDSL) for providing e-voting services and VC/OAVM facility.

Key Dates

  • Cut-Off Date: Friday, 23rd September 2026
  • Closure of Register of Members: Saturday, 24th September 2026 to Friday, 30th September 2026 (both days inclusive)
  • E-Voting Period: Sunday, 27th September 2026 at 9:00 AM to Tuesday, 29th September 2026 at 5:00 PM

Business Items

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March 2026 together with Reports of Board of Directors and Auditors.

2. Re-appointment of Director: To appoint Mrs. Linta Purayidathil Jose (DIN: 06413031) who retires by rotation and offers herself for re-appointment as Whole-time Executive Director.

Special Business

3. Regularization/Appointment of Mrs. Kattakota Satyabati Devi as Director: To regularize the appointment of Mrs. Kattakota Satyabati Devi (DIN: 11586438) as Director who was appointed as Additional Director with effect from August 11, 2026.

4. Appointment as Managing Director and Remuneration: To appoint Mrs. Kattakota Satyabati Devi as Managing Director for 3 years from August 11, 2026 to August 10, 2029 with remuneration up to ₹60,000 per annum. In case of inadequacy of profits, this remuneration will be paid as minimum remuneration.

5. Appointment of Mr. Arunraj Charivukalayil Baburaj as Director: To regularize the appointment of Mr. Arunraj Charivukalayil Baburaj (DIN: 11735448) as Non-Executive Non-Independent Director who was appointed as Additional Director with effect from May 29, 2026.

6. Modification of Share Capital Reduction Scheme: To modify Para 10.3 of the Scheme of Reduction of Share Capital relating to Shareholding Pattern approved at the 31st AGM held on 16th September 2025, to reflect changes in promoter shareholding due to partial sale of shares during pendency of NCLT proceedings.

Capital Reduction Details

The company is undergoing a substantial capital reduction process:

  • Current Capital Structure: Fully paid-up capital of ₹6,02,18,000 (60,21,800 equity shares of ₹10 each) + Partly paid-up capital of ₹2,24,500 (44,900 equity shares with ₹5 calls in arrears)
  • Proposed Reduction: Reduction of ₹5,96,15,820 (99% of capital)
  • Post-Reduction Capital: ₹6,02,180 (60,218 equity shares of ₹10 each)
  • Purpose: To set off accumulated losses of ₹9,34,11,786 as of March 31, 2025
  • Revised Shareholding Pattern:
  • Promoters & Promoter Group: 8,418 shares (13.98%)
  • Public: 51,800 shares (86.02%)
  • Total: 60,218 shares (100%)

Financial Information

  • Accumulated Losses: ₹9,34,11,786 as of March 31, 2025
  • Net Worth: Negative ₹60,64,832 as of March 31, 2025
  • Securities Premium: ₹3,04,42,500
  • General Reserve: ₹2,50,000

Director Profiles

Mrs. Linta Purayidathil Jose (DIN: 06413031)

  • Age: 42 years, Date of Birth: 16th May 1983
  • Qualification: BA Economics
  • Experience: 20+ years in textile and garments manufacturing
  • Current Shareholding: 3,27,975 equity shares
  • Board Meeting Attendance: Attended all 6 meetings during the year

Mrs. Kattakota Satyabati Devi (DIN: 11586438)

  • Age: 54 years, Date of Birth: 11th July 1972
  • Qualification: Bachelor Degree
  • Experience: Management field
  • Remuneration: Up to ₹60,000 per annum
  • Shareholding: Nil

Mr. Arunraj Charivukalayil Baburaj (DIN: 11735448)

  • Age: 32 years (based on DOB 12th May 1992)
  • Qualification: BSc Chemistry
  • Experience: 5+ years in textile industry with expertise in production coordination and quality control
  • Shareholding: Nil

Voting Arrangements

The company has made detailed arrangements for remote e-voting through CDSL for both demat and physical shareholders. Institutional/corporate shareholders are required to send scanned copies of Board Resolutions/Authorizations to the Scrutinizer.

Scrutinizer Appointment

M/s. Lakshmmi Subramanian & Associates, Practicing Company Secretaries, Chennai appointed as Scrutinizer for the e-voting process.