Meeting Details

The 44th AGM is scheduled to be held on Monday, 28th September 2026 at 12:30 PM at the registered office of the Company at Rakhial Road, Rakhial, Ahmedabad - 380023, Gujarat.

Ordinary Business Items

Item 1: Adoption of Standalone Financial Statements

  • To receive, consider and adopt Audited Standalone Financial Statements for FY ended 31st March 2026
  • Includes Reports of Board of Directors and Auditors
  • Requires Ordinary Resolution

Item 2: Adoption of Consolidated Financial Statements

  • To receive, consider and adopt Audited Consolidated Financial Statements for FY ended 31st March 2026
  • Includes Report of Auditors
  • Requires Ordinary Resolution

Item 3: Re-appointment of Mr. Yash Sunil Agarwal

  • Mr. Yash Sunil Agarwal (DIN: 02170408) retires by rotation and offers himself for re-appointment
  • Age: 37 years (as on 31st March 2026)
  • Experience: Over 14 years in textile industry
  • Shareholding: 43,92,030 equity shares
  • Attended 15 board meetings during FY 2025-26
  • Requires Ordinary Resolution

Special Business Items

Item 4: Cost Auditor Remuneration Ratification

  • Ratification of remuneration payable to M/s. Anuj Aggarwal & Co., Cost Accountants (FRN: 102409)
  • Remuneration: ₹30,000 (exclusive of applicable taxes) plus reimbursement of out-of-pocket expenses
  • For conducting cost audit for FY 2026-27
  • Requires Ordinary Resolution

Item 5: Re-appointment of Mr. Sunil Raghubirprasad Agarwal as Chairman & Managing Director

  • Re-appointment for further 5 years from 01/07/2027 to 30/06/2032
  • Remuneration package:
  • Basic Salary: ₹3.5 lakh per month (₹42 lakh per annum)
  • Other Allowances: ₹26.5 lakh per month (₹318 lakh per annum)
  • Total: ₹360 lakh per annum (excluding perquisites)
  • Perquisites include Provident Fund, Gratuity, Leave encashment as per company rules
  • Business expense reimbursement allowed
  • May receive loans pursuant to Section 185 exceptions
  • No sitting fees for board/committee meetings
  • In case of loss/inadequacy of profits, remuneration subject to Schedule V provisions
  • Requires Special Resolution

Item 6: Appointment of Mr. Aayush Kamleshbhai Shah as Independent Director

  • Mr. Aayush Kamleshbhai Shah (DIN: 10149440)
  • Appointed as Additional Director from 06/02/2026
  • Appointment as Non-Executive Independent Director for 5 years: 06/02/2026 to 05/02/2031
  • Age: 35 years, Qualified Company Secretary and LLB
  • 8 years experience in corporate laws, securities laws, capital markets
  • Not liable to retire by rotation
  • Requires Ordinary Resolution

Item 7: Appointment of Ms. Ankita Vivekkumar Shah as Independent Director

  • Ms. Ankita Vivekkumar Shah (DIN: 10559374)
  • Appointed as Additional Director from 06/02/2026
  • Appointment as Non-Executive Independent Director for 5 years: 06/02/2026 to 05/02/2031
  • Age: 36 years, Qualified Company Secretary and LLB
  • 8 years experience in corporate laws, securities laws
  • Not liable to retire by rotation
  • Requires Ordinary Resolution

Item 8: Appointment of Ms. Hema Lakhmichand Advani as Independent Director

  • Ms. Hema Lakhmichand Advani (DIN: 10764751)
  • Appointed as Additional Director from 13/08/2026
  • Appointment as Non-Executive Independent Director for 5 years: 13/08/2026 to 12/08/2031
  • Age: 38 years, Company Secretary and MBA
  • Over 10 years experience in corporate and securities laws
  • Not liable to retire by rotation
  • Requires Ordinary Resolution

Item 9: Appointment of Ms. Kiran Nitesh Prajapati as Independent Director

  • Ms. Kiran Nitesh Prajapati (DIN: 11869440)
  • Appointed as Additional Director from 13/08/2026
  • Appointment as Non-Executive Independent Director for 5 years: 13/08/2026 to 12/08/2031
  • Age: 39 years, Qualified Company Secretary
  • Over 8 years experience in corporate governance and compliance
  • Not liable to retire by rotation
  • Requires Ordinary Resolution

Item 10-15: Material Related Party Transactions Approval for FY 2026-27

The company seeks approval for material related party transactions with six entities for aggregate values:

1. Dreamsoft Bedsheets Private Limited - ₹10 Crores

  • Nature: Sale/purchase of goods/services, fixed assets, availing/rendering services
  • Relationship: Company where director/relative is member/director
  • Represents ~3.91% of company's annual consolidated turnover

2. HYS Industries Private Limited - ₹750 Crores

  • Nature: Sale/purchase of goods/services, fixed assets, availing/rendering services
  • Relationship: Company where director/relative is member/director
  • Represents ~293.89% of company's annual consolidated turnover

3. Raghuvir Exim Limited - ₹750 Crores

  • Nature: Sale/purchase of goods/services, fixed assets, availing/rendering services
  • Relationship: Company where director/relative is member/director
  • Represents ~293.89% of company's annual consolidated turnover

4. HYS Developers LLP - ₹350 Crores

  • Nature: Sale/purchase of goods/services, fixed assets, availing/rendering services
  • Relationship: LLP where designated partners are company directors
  • Represents ~137.15% of company's annual consolidated turnover

5. HYS Lifecare LLP - ₹150 Crores

  • Nature: Sale/purchase of goods/services, fixed assets, availing/rendering services
  • Relationship: LLP where designated partners are company directors
  • Represents ~58.77% of company's annual consolidated turnover

6. The Sagar Textile Mills Private Limited - ₹50 Crores

  • Nature: Sale/purchase of goods/services, fixed assets, availing/rendering services
  • Relationship: Company where director/relative is member/director
  • Represents ~19.59% of company's annual consolidated turnover

All transactions will be at arm's length basis and in ordinary course of business. Approval valid until next AGM (not exceeding 15 months).

Financial Performance Reference

  • Revenue from operations: ₹255.19 crores (25,519.13 lakhs)
  • Other Income: ₹1.37 crores (137.23 lakhs)
  • Total Expenditure: ₹257.84 crores (25,784.04 lakhs)
  • Net loss before tax: ₹1.28 crores (127.68 lakhs)
  • Loss after tax: ₹1.36 crores (136.40 lakhs)
  • Foreign exchange earned: ₹4.52 lakhs (45,512)

Shareholder Information

  • Register of Members and Share Transfer Books close from 22nd to 28th September 2026
  • E-voting period: 25th September 2026 (9:00 AM) to 27th September 2026 (5:00 PM)
  • Cut-off date for e-voting: 21st September 2026
  • Scrutinizer: Mr. Jinang Dinesh Kumar Shah, Practicing Company Secretary