Meeting Details
Meeting Type: 16th Annual General Meeting (AGM)
Meeting Date: Thursday, August 27th, 2026
Start Time: 11:30 a.m. (IST)
End Time: 12:06 p.m. (IST)
Duration: 36 minutes
Mode: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Deemed Venue: Registered Office of the Company at A 51-53, RIICO Growth Centre Hamirgarh, Bhilwara- 311001, Rajasthan
Basis for Virtual Meeting
The meeting was held in compliance with General Circulars issued by the Ministry of Corporate Affairs (MCA) and Circulars issued by the Securities and Exchange Board of India (SEBI). The requirement of appointing proxies was not applicable as per these circulars.
Attendance and Quorum
Members Attending: 45 members attended the meeting virtually in person or through authorized representatives.
Quorum: The requisite quorum as required under Section 103 of the Companies Act, 2013 was present throughout the meeting.
Directors Present: All directors were present through Video Conference. Mr. D. P. Mangal, Executive Chairman, chaired the meeting.
Appointed Officials
Scrutinizer: Mr. Sanjay Somani, proprietor of M/s. Sanjay Somani & Associates, Practicing Company Secretary, was appointed to scrutinize the remote e-voting and e-voting process.
Company Secretary: Mr. Rajeev Parashar
Statutory Auditors: M/s A. L. Chechani & Co., Chartered Accountants (Representative: Mr. Sunil Surana)
Secretarial Auditors: Sanjay Somani & Associates, Company Secretaries
Chief Financial Officer: Mr. D. L. Mundra was also present.
Voting Process
Remote E-Voting Period: Commenced on Sunday, August 23rd, 2026 at 9:00 a.m. (IST) and ended on Wednesday, August 26th, 2026 at 5:00 p.m. (IST).
E-Voting at AGM: Facility was provided for members who did not vote via remote e-voting, using the e-voting platform of NSDL.
Scrutinizer's Report: Mr. Sanjay Somani was to submit a combined report on the voting after the conclusion of the AGM.
Results Disclosure: The consolidated results of the remote e-voting and e-voting at the AGM were to be announced within 2 working days of the meeting's conclusion and intimated to the Stock Exchanges.
Proposed Resolutions
The following items of business were put to vote:
Ordinary Business
1. To receive, consider and adopt the Audited Financial Statements of the Company for the year 2025-26 ended 31st March 2026, together with the Report of the Board of Directors and the Statutory Auditors thereon. (Type: Ordinary Resolution)
2. To appoint a Director in place of Sh. D. P. Mangal (DIN: 01205208) who, having retired by rotation, offered himself for re-appointment. (Type: Ordinary Resolution)
- For this resolution, Mr. J. C. Laddha, Independent Director, was elected as Chairman as Mr. D. P. Mangal was an interested party. Mr. Mangal resumed his position afterward.
Special Business
3. Ratification of Remuneration of Cost Auditors M/s. N. D. Birla & Co. for the Financial Year 2026-27. (Type: Ordinary Resolution)
Key Meeting Proceedings
- The Chairman welcomed the members and introduced the board.
- The Company Secretary confirmed the meeting was convened per MCA and SEBI circulars.
- The Statutory Auditors' Report and Secretarial Auditors Report were noted to contain no qualifications, observations, or adverse comments.
- The Notice of the AGM and the Annual Report 2025-26 were taken as read.
- The Chairman discussed the company's performance for FY 2025-26, highlighting the spinning textile business in India and internationally, impact of cotton prices, recent geopolitical developments, and future strategy.
- Members were given an opportunity to express views, make comments, and seek clarifications on company operations, financial performance, and the resolutions. Queries were replied to by the Chairman.
- An email facility was also provided for members to raise queries.
- The meeting concluded with a vote of thanks at 12:06 P.M. (IST).
Compliance Statement
The conduct of the AGM and the voting process adhered to the applicable provisions of the Companies Act, 2013, its Rules, the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, and the relevant MCA and SEBI circulars enabling virtual meetings.
Additional Information
- The transcript of the 16th AGM will be posted on the company's website at
www.lagnamspintex.com. - The signed copy of this summary is submitted by Mr. Anand Mangal, Managing Director (DIN: 03113542).
Note on Voting Results
This specific document does not contain the numerical results of the voting (e.g., total votes cast, percentage in favor/against, shareholder category breakdown). It states that these results, along with the Scrutinizer's report, would be announced and submitted to the exchanges at a later date, within two working days.