AGM Details
- Date: 24th September, 2026
- Time: 4:30 PM IST
- Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
- Cut-off date: 17th September, 2026 for determining voting rights
- Remote e-voting period: 21st September, 2026 (9:00 AM) to 23rd September, 2026 (5:00 PM)
Ordinary Business
1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) for the financial year ended 31st March, 2026 together with Reports of Board of Directors and Auditors.
2. Dividend Declaration: To declare final dividend of ₹2 per fully paid-up equity share for the financial year ended 31st March, 2026.
3. Director Reappointment: To appoint Shri. Deepak Rameshchandra Shah (DIN: 06954206) who retires by rotation and being eligible, offers himself for re-appointment.
Special Business
4. Ratification of Cost Auditor Remuneration (Ordinary Resolution)
- Cost Auditor: Shri. Dakshesh H. Zaveri, Cost Accountant (Firm Registration Number: 102183)
- Remuneration: ₹3,75,000 plus taxes and reimbursement of out-of-pocket expenses
- Purpose: To conduct audit of cost records of Textile manufacturing units at Dhamni and Kharsundi Plant units
- Period: Financial year ending 31st March, 2027
5. Approval of Remuneration to Shri. Hiren M. Shah (DIN: 00071077), Executive Chairman (Special Resolution)
- Tenure: 1st April, 2027 to 31st March, 2029
- Monthly Basic Salary: ₹18,00,000 for FY 2027-2028; ₹21,60,000 for FY 2028-2029
- Benefits: Housing accommodation, medical reimbursement, LTC, personal accident insurance, PF/superannuation contributions, leave encashment, gratuity, company car with driver, telephone, expense reimbursements
- Current remuneration: ₹15,00,000 per month
- Appointment date: 28th September, 2019 with tenure ending 2029
6. Approval of Remuneration to Shri. Bharat M. Shah (DIN: 00071248), Managing Director (Special Resolution)
- Tenure: 1st April, 2027 to 31st March, 2029
- Monthly Basic Salary: ₹18,00,000 for FY 2027-2028; ₹21,60,000 for FY 2028-2029
- Benefits: Same package as Shri Hiren M. Shah
- Current remuneration: ₹15,00,000 per month
- Appointment date: 28th September, 2019 with tenure ending 2029
7. Approval of Remuneration to Shri. Viraj M. Shah (DIN: 00071616), Managing Director (Special Resolution)
- Tenure: 1st April, 2027 to 31st March, 2029
- Monthly Basic Salary: ₹18,00,000 for FY 2027-2028; ₹21,60,000 for FY 2028-2029
- Benefits: Same package as other directors
- Current remuneration: ₹15,00,000 per month
- Appointment date: 28th September, 2019 with tenure ending 2029
8. Approval of Increment in Remuneration to Shri. Purav Hiren Shah (DIN: 00123460), CEO, Whole Time Director and CFO (Special Resolution)
- Effective date: 1st August, 2026
- Monthly Basic Salary: ₹13,33,300
- Benefits: Same package as other directors
- Current remuneration: ₹10,50,000 per month
- Appointment date: 2nd December, 2017 with tenure ending December 2027
Minimum Remuneration Provisions
All remuneration resolutions include provisions for minimum remuneration payment in case of inadequate profits or no profits, subject to Schedule V limits and Central Government approval if required.
Voting Arrangements
- Remote e-voting through NSDL facilities
- VC/OAVM participation available 15 minutes before and after meeting commencement
- Scrutinizer: Smt. Anuja Parikh (FCS: 13520) or Smt. Urvashi Pandya (FCS: 11797) of M/s Parikh & Associates
- Results to be placed on company website and stock exchange websites
Financial Performance (2025-2026)
- Total Revenue: ₹37,615 lakhs (Standalone and Consolidated)
- Finance Costs: ₹1,542 lakhs (Standalone), ₹1,543 lakhs (Consolidated)
- Depreciation: ₹2,448 lakhs
- Profit before Tax: ₹5,304 lakhs (Standalone), ₹5,301 lakhs (Consolidated)
- Profit after Tax: ₹4,358 lakhs (Standalone), ₹4,356 lakhs (Consolidated)
Foreign Exchange Details (2025-2026)
- Direct Imports: ₹1,892.79 lakhs (Stores, Spares, Raw Materials, Capital Goods)
- Export Earnings: ₹275.17 lakhs (FOB Basis)
- Foreign Currency Expenditure: ₹86.85 lakhs (Traveling)