AGM Logistics

  • Meeting Date: Friday, 25th September, 2026 at 11:45 A.M.
  • Venue: Registered Office at 18th KM Stone, Delhi Moradabad Road, NH-24, Village Amhera, Distt. J.P. Nagar-244102
  • Cut-off date for e-voting: 19th September, 2026
  • E-voting period: 22nd September, 2026 (10:00 A.M.) to 24th September, 2026 (5:00 P.M.)

Agenda Items

Ordinary Business:

1. To receive, consider and adopt Audited Financial Statements for financial year ended March 31, 2026 with reports of Board of Directors and Auditors

2. To appoint director in place of Mr. Vijay Kumar Gupta (DIN: 00335325) who retires by rotation

3. To appoint director in place of Mr. Ashish Gupta (DIN: 08708369) who retires by rotation

Special Business:

4. To consider and approve re-appointment of Mr. Vijay Kumar Gupta (DIN: 00335325) as Whole Time Director who has attained age of 70 years

Director Reappointment Details (Item No. 4)

  • Appointee: Mr. Vijay Kumar Gupta
  • Current Age: 73 years (Date of Birth: 07-08-1953)
  • Tenure: 3 years from 1st April 2027 to 31st March 2030
  • Remuneration: ₹7,00,000 (Rupees Seven Lac) per month
  • Retirement Benefits: Gratuity, Leave Encashment Benefits, Provident Fund, Superannuation Fund (not counted as perquisites to extent exempted under Income Tax Act, 1961)
  • Minimum Remuneration: To be paid even in event of loss or inadequacy of profits
  • Experience: 47 years in industry, business and corporate management
  • Current Shareholding: 423,709 equity shares as of 31.03.2026

Financial Context

Company reported FY26 financial results:

  • Profit/(Loss) before depreciation & amortization and tax: ₹322.51 lakh (FY25: ₹(396.03) lakh)
  • Depreciation & amortization expenses: ₹428.31 lakh (FY25: ₹513.10 lakh)
  • Profit before Tax: ₹(57.98) lakh (FY25: ₹144.70 lakh)
  • Current Tax: Nil (FY25: ₹150.29 lakh)
  • Deferred Tax: ₹(181.22) lakh (FY25: ₹(131.24) lakh)
  • Profit/(Loss) after Tax: ₹(88.77) lakh (FY25: ₹125.65 lakh)

Loss attributed to sudden increase in cost of raw material and fuel used in boiler, with inability to pass on enhanced costs.

Voting Procedures

  • Scrutinizer: Mr. Rupinder Singh Bhatia, Practicing Company Secretary (Membership No. FCS 2599)
  • E-voting through: CDSL platforms (www.evotingindia.com)
  • Results declaration: Within 3 days from AGM date
  • Physical shareholders: Can vote using ballot paper at AGM venue
  • Proxy submission: Must be deposited at registered office not less than 48 hours before AGM

Additional Information

  • Industry: Manufacturing of mink blankets (since September 1996, previously shoddy blankets)
  • Contact: 8791001430, 9760091983
  • RTA: Skyline Financial Services Private Limited

Shareholder Services

  • Special window for physical shareholders to submit re-lodgement requests for share transfer open from February 05, 2026 to February 04, 2027
  • Members encouraged to dematerialize shares as SEBI mandates transfer only in dematerialized form
  • Annual report available at https://prakashwoollen.com/InvestorFiles/annualreport2526.pdf