Meyer Apparel 33rd AGM Notice and FY26 Results

Revenue from Operations: ₹8.70 lakhs (FY26) vs ₹120.25 lakhs (FY25)
Net Loss: ₹78.80 lakhs (FY26) vs ₹106.78 lakhs (FY25) - 26.27% reduction
Accumulated Losses: ₹6,296.12 lakhs (March 31, 2026) vs ₹6,218.07 lakhs (March 31, 2025)
Total Equity: Negative ₹3,356.45 lakhs
Current Liabilities Exceed Current Assets: By ₹3,356.10 lakhs
Borrowing Limit Sought: ₹2.75 crore
Related Party Transaction Limit Sought: ₹2.75 crore per financial year
Employee Strength: 6 permanent employees as of March 31, 2026
Remuneration to Whole-Time Director: ₹9.82 lakhs for FY26

AGM Date: July 9, 2026 at 12:30 PM IST
Cut-off Date for Voting: July 3, 2026
Remote E-voting Period: July 5, 2026 (9:00 AM) to July 8, 2026 (5:00 PM)
Board Meetings Held: 4 meetings during FY26 (May 17, 2025; August 7, 2025; November 6, 2025; January 17, 2026)

Statutory Auditors: Khandelwal Jain & Co., Chartered Accountants
Secretarial Auditors: Lalit Singhal & Associates, Company Secretaries
Registrar & Share Transfer Agent: Skyline Financial Services Pvt. Ltd.
Bankers: Indian Overseas Bank, HDFC Bank, Axis Bank, Punjab National Bank, Yes Bank, State Bank of India
Board of Directors:
Mr. Pawan Kakra (Chairman & Non-Executive Director)
Mr. Gajender Kumar Sharma (Whole-Time Director & CFO)
Mr. Vivek Saxena (Independent Director)
Ms. Hemlata Gupta (Independent Director)
Key Managerial Personnel:
Mr. Gajender Kumar Sharma (Whole-Time Director & CFO)
Ms. Anjali Tiwari (Company Secretary & Compliance Officer)

1. Adoption of audited financial statements for FY ended March 31, 2026

2. Re-appointment of Mr. Pawan Kakra as Non-Executive Director

3. Re-appointment of Mr. Gajender Kumar Sharma as Whole-Time Director & CFO with remuneration of ₹9.82 lakhs

4. Approval for increasing borrowing limits to ₹2.75 crore

5. Approval for availing inter-corporate loans/loans from promoters/directors up to ₹2.75 crore

6. Approval for related party transactions up to ₹2.75 crore per financial year

Revenue Decline: 92.77% decrease from ₹120.25 lakhs (FY25) to ₹8.70 lakhs (FY26)
Loss Reduction: Net loss decreased by 26.27% from ₹106.78 lakhs to ₹78.80 lakhs
Cash Flow from Operations: Negative ₹64.87 lakhs
Total Assets: ₹70.60 lakhs (March 31, 2026) vs ₹65.78 lakhs (March 31, 2025)
Inventory: ₹12.00 lakhs (March 31, 2026) vs ₹7.23 lakhs (March 31, 2025)
Cash & Cash Equivalents: ₹2.05 lakhs (March 31, 2026) vs ₹2.00 lakhs (March 31, 2025)

Authorized Share Capital: ₹7,400.00 lakhs (Equity: ₹6,000.00 lakhs; Preference: ₹1,400.00 lakhs)
Issued & Subscribed Capital: ₹2,426.67 lakhs
Shares Outstanding: 8,04,97,800 equity shares of ₹3 each fully paid up
Promoter Holding: 74.32% as of March 31, 2026
Public Holding: 25.68% as of March 31, 2026
Dematerialized Shares: 89.17% of total shares

Custom Duty Demand: ₹2,960.03 lakhs provision made for custom duty demand pertaining to 1994-95 (under appeal in Supreme Court)
Legal Cases:
Former employee suit: ₹9.28 lakhs (partly decreed for ₹4.14 lakhs)
Image Design civil suit: ₹11.59 lakhs
Panchanan International suit: ₹4.20 lakhs
RBI Approval Pending: Repayment of advances of ₹332.65 lakhs from M/s Trust Export PTE Ltd awaiting RBI approval

Going Concern: Material uncertainty exists due to accumulated losses, negative net worth, and current liabilities exceeding current assets
Contingent Liabilities: Significant open litigation disclosed in notes to accounts
Internal Financial Controls: Adequate and operating effectively

Dividend: No dividend recommended for FY26 due to losses
CSR: Not applicable to the company
Deposits: No deposits accepted or renewed during FY26
Related Party Transactions: No material transactions during FY26; Form AOC-2 shows nil transactions
Segment Reporting: Single segment - readymade garments/textile
Foreign Exchange: No foreign exchange earnings or outgo during FY26