Nature of the Event

Seasons Textiles Limited held its 40th Annual General Meeting (AGM) on Wednesday, August 19, 2026, at 12:36 p.m. through video conferencing/Other Audio-Visual Means. The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI).

AGM Proceedings and Attendance

The Company Secretary, Saurabh Arora, confirmed that 61 members joined the meeting and the requisite quorum was present. The notice of the AGM, along with the annual audited financial statements and other reports, were sent to shareholders via email. The meeting was hosted on a platform provided by Central Depository Services India Limited (CDSL).

No queries from shareholders were pending with the company as of the meeting date. Shareholders who had registered themselves as speakers by July 20, 2026, were given an opportunity to speak.

Board of Directors and Auditors Present

The Chairman and Managing Director, Mr. Indrajit Singh Vadwa, introduced the members of the Board of Directors present:

  • Mr. [unclear], Non-Executive Independent Director, Chairman of the Audit Committee
  • Ms. Kavita Rani, Non-Executive Independent Director, Chairman of the Nomination and Remuneration Committee and Risk Management Committee
  • Mr. Manish Chandra, Non-Executive Independent Director, Chairman of Stakeholder Relationship and Grievances Committee and Share Transfer Committee
  • Mr. Niladri Vadwa, Whole-Time Director
  • Mr. Sanjay Katyal, Chief Financial Officer
  • Mr. [unclear], Company Secretary

Representatives of the statutory auditors and internal auditors were also present.

Voting Information

E-voting was available from August 16, 2026, at 10:00 a.m. until August 18, 2026, at 5:00 p.m. A 15-minute window was provided at the end of the meeting for those who had not yet voted. The results were to be declared within two working days.

Financial Performance for FY 2025-26

The company reported revenue from operations of ₹2,338.33 lakhs (₹23.38 crore) for the financial year 2025-26, compared to ₹2,739.81 lakhs (₹27.40 crore) in the previous financial year 2024-25.

The profit for the year was ₹16.55 lakhs (₹0.17 crore), a turnaround from a loss of ₹33.53 lakhs (₹0.34 crore) in FY 2024-25.

The statutory auditors and internal auditors expressed unqualified opinions in their respective reports for FY 2025-26.

Agenda Items and Resolutions

The following ordinary and special business items were discussed:

Ordinary Business

  • Resolution No. 1: To receive, consider, and adopt the audited financial statements for the financial year ended March 31, 2026, together with the reports of the Board of Directors and auditors.
  • Resolution No. 2: To appoint a director in place of Mrs. Vadwa (DIN 00005911), who retires by rotation and offered herself for reappointment.

Special Business

  • Resolution No. 3: To approve the lease, sale, or disposal of the undertaking of the company under Section 180(1)(a) of the Companies Act, 2013.

The detailed text of all resolutions was circulated to shareholders in the AGM notice.

Shareholder Interactions and Management Response

Several registered shareholder speakers provided comments and asked questions. Management responses included:

  • Acknowledgment of global challenges, including wars and commodity price increases, affecting performance.
  • The company is exploring new international markets and remains strong in the domestic market.
  • Management could not provide a specific timeline for market capitalization growth but expressed readiness to grab opportunities as the global situation improves.

Closing Remarks

Management expressed gratitude to all participants, the Board of Directors, and auditors for their support and for making the AGM a success.