Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Page Industries Limited

Meeting Details

The 31st Annual General Meeting was held on Thursday, 13 August 2026 at 11:30 AM through Video Conferencing/Other Audio Visual Means (VC/OAVM) facility. The meeting took place at the company's Registered Office: Cessna Business Park, Tower-1, 7th Floor, Umiya Business Bay, Varthur Hobli, Outer Ring Road, Bangalore - 560103.

Attendance

Board Members Present:

  • Mr. Sunder Genomal - Chairman
  • Mr. V S Ganesh - Managing Director
  • Mr. Shamir Genomal - Deputy Managing Director
  • Mr. Ramesh Genomal - Non-Executive Director
  • Mr. Rohan Genomal - Non-Executive Director
  • Mr. Christopher Carroll Smith - Non-Executive Director
  • Mr. Varun Berry - Independent Director
  • Mr. Arif Vazirally - Independent Director
  • Mr. Jignesh Bhate - Independent Director
  • Dr. Shravan Subramanyam - Independent Director
  • Mr. Suresh Eshwara Prabhala - Independent Director

Management Present:

  • Mr. Karthik Yathindra - Chief Executive Officer
  • Mr. Deepanjan B - Chief Financial Officer
  • Mr. C Murugesh - Company Secretary

Auditors Present:

  • Mr. Sumit Singhania - Representative of Statutory Auditors
  • Mr. Vijayesh R - Secretarial Auditor

Members Present: 38 shareholders attended through VC/OAVM facility.

Voting Process and Methods

The company arranged remote e-voting facility for all resolutions from 10 August 2026 to 12 August 2026 (both days inclusive). Members who had not cast their vote electronically and were present at the meeting had the opportunity to cast votes at the end of the meeting. Mr. R Vijayakumar was appointed as Scrutinizer for both remote e-voting and poll at the meeting.

Resolutions Proposed and Approved

Ordinary Business:

1. Adoption of Financial Statements

RESOLVED THAT the audited financial statement for the year ended 31 March 2026, the Reports of the Board of Directors and Auditors' be adopted.

2. Appointment of Director

RESOLVED THAT Mr. V S Ganesh (DIN: 07822261) who retires by rotation be and is hereby reappointed as a Director of the Company.

3. Appointment of Director

RESOLVED THAT Mr. Sanjeev Genomal (DIN: 01399731) who retires by rotation be and is hereby reappointed as a Director of the Company.

4. Appointment of Auditor

RESOLVED THAT M/s. Walker Chandiok & Co LLP (ICAI Firm Registration No: 001076N/N500013), Chartered Accountants, be appointed as auditors from the conclusion of this 31st AGM to the conclusion of the 36th AGM.

Remuneration fixed at Rs. 9.00 million (Rupees Nine Million only) plus applicable taxes and reimbursement of out-of-pocket expenses for financial year 2026-27. For subsequent financial years, remuneration changes to be determined mutually between Board and Statutory Auditors on recommendation of Audit Committee.

Special Business:

5. Remuneration under Section 197(1) of Companies Act, 2013

RESOLVED THAT approval be given for payment of a sum not exceeding Rs. 20 million (Rupees Twenty million only) (excluding sitting fees) to be paid to and distributed amongst Directors of the Company (other than Managing Directors/Whole-time Directors) for financial year 2026-27.

Chairman's Address Key Points

The Chairman highlighted the company's theme "Timeless Values. Transformative Vision." and discussed:

  • Challenging global apparel industry environment with economic uncertainty, inflationary pressures, and supply chain realignments
  • India's strong consumption market fundamentals with demographic advantages and growing consumer aspirations
  • Company's progress in manufacturing footprint expansion at Odisha and KR Pet facilities
  • Receipt of "Licensee of the Decade" award from Jockey International for the second consecutive term
  • Confidence in trusted brands, execution capabilities, and manufacturing excellence

Managing Director's Performance Review

The MD discussed:

  • Operating environment marked by evolving consumer sentiment and inflationary pressures
  • Healthy growth in both revenue and profitability driven by volume-led growth and premiumisation
  • EBITDA margins maintained within planned operating framework of 19% to 21%
  • Product innovation including JKY Groove range and bonding technology products
  • Digital transformation with SAP S/4HANA, Salesforce Distribution Management System, and new HRMS implementation
  • Strong e-commerce capabilities and robust growth across digital channels

Voting Results and Scrutinizer

Upon receipt of report from Scrutinizer Mr. R Vijayakumar, the Company Secretary was authorized to declare consolidated voting results and place them on the company website. Results were to be sent to stock exchanges for dissemination. Specific voting percentages and category-wise breakdown were not provided in this proceedings document.

Compliance and Regulations

The meeting was conducted in compliance with Article 98 of the Articles of Association of the Company and relevant provisions of the Companies Act, 2013. Required Statutory Registers were kept open for inspection. The meeting concluded at 12:40 PM.