Key Dates and Event Details

  • The 21st Annual General Meeting is scheduled to be held on Monday, 27th July 2026 at 3:00 PM.
  • The meeting will be conducted entirely through Video Conference (VC) / Other Audio Visual Means (OAVM) as per MCA and SEBI circulars.
  • The deemed venue for the AGM is the Registered Office of the Company at Pachpahar Road, Bhawanimandi 326502, Rajasthan.
  • The remote e-Voting period commences on 23rd July 2026 (9:00 AM) and ends on 26th July 2026 (5:00 PM).
  • The cut-off date for determining members entitled to vote is 20th July 2026.

Agenda Items and Resolutions

Ordinary Business

1. To receive, consider and adopt the Standalone Audited Financial Statements of the Company as at 31st March 2026, together with the Reports of the Auditors and Directors thereon.

2. To receive, consider and adopt the Consolidated Audited Financial Statements of the Company as at 31st March 2026, together with the Reports of the Auditors thereon.

3. To appoint a director in place of Mr. Ashishkumar Srivastava (DIN: 06527942), who retires by rotation and, being eligible, offers himself for re-appointment.

Special Business

Item No. 4 (Ordinary Resolution): Ratification of remuneration payable to the Cost Auditors.

  • M/s. K. G. Goyal & Associates (FRN-000024) have been appointed as Cost Auditors for FY 2026-27.
  • The remuneration proposed is Rs. 2,25,000/- (Rupees Two Lakhs Twenty Five Thousand only) plus applicable taxes and out-of-pocket expenses.
  • The appointment covers all company units: Rajasthan Textile Mills (Bhawanimandi), Chenab Textile Mills (Kathua), Birla Textile Mills (Baddi), Damanganga Home Textiles (Bhilad), Damanganga Process (Bhilad), and Sutlej Green Fibre (Birla Textile Mills Unit II).

Item No. 5 (Special Resolution): Appointment of Mr. Alok Ohrie as an Independent Director.

  • Mr. Alok Ohrie (DIN: 01052136) was appointed as an Additional Independent Director effective 05th May 2026.
  • The resolution seeks his appointment as an Independent Director for a term of 5 consecutive years commencing from 05th May 2026.
  • He will not be liable to retire by rotation.
  • He will be entitled to sitting fees for Board/Committee meetings and commission as determined for Non-Executive Directors.
  • His proposed remuneration includes a minimum commission of Rs. 10,00,000/- per annum in case of no profits or inadequacy of profits.

Financial and Operational Context (From Explanatory Statement)

The explanatory statement provides key financial highlights for FY 2025-26:

Standalone (Rs. in crore):

  • Total Income: 2,584.64 (Previous Year: 2,664.97)
  • EBITDA: 85.15 (Previous Year: 68.18)
  • EBIT: -22.71 (Previous Year: -41.62)
  • Profit Before Tax: -111.02 (Previous Year: -125.80)
  • Profit After Tax: -79.85 (Previous Year: -84.20)

Consolidated (Rs. in crore):

  • Total Income: 2,593.93 (Previous Year: 2,698.53)
  • EBITDA: 71.26 (Previous Year: 64.63)
  • EBIT: -38.25 (Previous Year: -46.58)
  • Profit Before Tax: -117.48 (Previous Year: -110.00)
  • Profit After Tax: -86.31 (Previous Year: Not fully comparable due to exceptional items)

The document attributes the challenging performance to a global downturn in the textile spinning sector over an 18-month period but notes the company is positioned for an anticipated recovery.

Voting and Participation Procedures

  • The company has engaged National Securities Depository Limited (NSDL) to provide the e-Voting facility.
  • Members can vote remotely from July 23-26, 2026, or during the AGM if they have not voted remotely.
  • Members can attend the AGM virtually through the NSDL e-Voting system, with login available 30 minutes before the meeting.
  • The facility for virtual attendance is available on a first-come, first-served basis for 1,000 members, excluding large members (2%+ holding), promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors.
  • Members wishing to speak must register by email to investor.relations@sutlejtextiles.com by 5:00 PM on 18th July 2026.
  • Mr. Rajendra Chouhan of M/s. CSM & Co. has been appointed as the Scrutinizer to oversee the e-Voting process.

Other Key Information for Members

  • The Annual Report and AGM Notice are being sent electronically to members with registered email IDs.
  • The Registrar and Share Transfer Agent (RTA) is MUFG Intime India Pvt. Ltd.
  • Members are urged to convert physical shares to demat form, as SEBI has mandated issuance of securities only in demat form for most service requests.
  • Members are reminded to update PAN, KYC, bank details, and nomination information with their Depository Participants or the RTA.
  • The company highlights the transfer of unclaimed dividends and shares to the Investor Education and Protection Fund (IEPF) after 7 years.