Meeting Details

  • Date: July 09, 2026
  • Time: 12:30 PM to 1:00 PM IST
  • Mode: Video-Conferencing/Other Audio-Visual Means (VC/OAVM)

Attendance

Directors Present:

  • Mr. Pawan Kakra, Chairman Non-Executive Director
  • Mr. Vivek Saxena, Independent Director
  • Mr. Gajender Kumar Sharma, Chief Financial Officer
  • Ms. Hemlata Gupta, Independent Director (technical glitch prevented screen appearance)
  • Ms. Anjali Tiwari, Company Secretary & Compliance Officer

Other Attendees:

  • Mr. Lalit Singhal, Secretarial Auditor (via VC from Delhi)
  • Mr. Rohit Kumar Poddar, Partner of M/S Khandelwal Jain & Co. (Statutory & Secretarial Auditors)
  • Ms. Pratibha Gupta, Company Secretary in Practice (Scrutinizer)
  • 53 shareholders including Authorized Representatives

Voting Details

Remote e-voting was available from July 05, 2026 at 09:00 AM IST to July 08, 2026 at 5:00 PM IST. Additional e-voting facility was provided during the meeting and for 15 minutes after conclusion for members who had not voted remotely.

Resolutions Considered and Approved

Ordinary Business:

1. Adoption of Audited standalone financial statements for financial year ended March 31, 2026, along with reports of Auditors and Board of Directors (Ordinary Resolution)

2. Re-appointment of Mr. Pawan Kakra as Non-Executive Director, liable to retire by rotation (Ordinary Resolution)

Special Business:

3. Re-appointment of Mr. Gajender Kumar Sharma (DIN: 08073521) as Whole Time Director (Ordinary Resolution)

4. Approval for increasing the borrowing limits of the Company (Special Resolution)

5. Approval for availing inter-corporate loans/loans from promoters and/or directors of the company (Special Resolution)

6. Approval of Related Party Transactions (Special Resolution)

Financial Performance Highlights (FY2025-26)

  • Gross revenue from operations: ₹8.70 lakhs (compared to ₹120.25 lakhs in previous financial year)
  • Net loss: ₹78.80 lakhs (compared to net loss of ₹106.88 lakhs in previous year)
  • No dividend recommended for financial year ended March 31, 2026

Business Context and Outlook

Company continued operations in retail garments business despite challenging environment. Actively exploring additional revenue avenues including e-commerce and other business opportunities. Board remains committed to strengthening operational and financial performance while maintaining sound corporate governance.

Additional Information

  • No qualifications in Statutory Auditors Report & Secretarial Audit Report
  • Combined results of remote e-voting and AGM e-voting to be announced on company website, NSDL, and submitted to BSE Limited
  • Question & Answer session held where members raised queries addressed by Chairman Mr. Pawan Kakra

Documents Available

  • Summary of proceedings (Annexure I)
  • Chairperson's Speech (Annexure II)
  • Documents available on company website: www.meyerapparel.com