Date: 21-8-2026

AGM Proceedings

The 37th Annual General Meeting of Gangotri Textiles Limited was held on Friday, 21st August 2026 at 10:30 AM through Video Conferencing/Other Audio Visual Means. The meeting was conducted in accordance with the Companies Act 2013, MCA circulars, and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Attendance

  • 34 shareholders attended the meeting
  • Sri G. Gunasekaran (Interim Resolution Professional) chaired the meeting
  • Sri Manoj Kumar Tibrewal (Managing Director) attended
  • Sri Srinivasan M (CDSL E-voting Agent) attended
  • Sri B. Krishnamoorthy (Scrutinizer) attended
  • Sri Jayakumar (MUFG Link Intime India Ltd - Registrar & Share Transfer Agents) attended

Corporate Insolvency Status

The Chairman informed that the Hon'ble National Company Law Tribunal, Chennai Bench admitted the company's petition under Section 10 of the Insolvency and Bankruptcy Code 2016 (IBC) in CP(IB)/310(CHE) 2025 vide order dated 7-8-2026. Mr. G. Gunasekaran (IBBI Regn No. IBBI/IPA-001/IP-P00681/2017-2018/11178) was appointed as Interim Resolution Professional for the Corporate Insolvency Resolution Process (CIRP). The order was communicated from the Registry on 19-08-2026.

As per IBC provisions, the Board of Directors has been suspended, and the Interim Resolution Professional has taken control and custody of the corporate debtor to manage its affairs.

Financial Results Approval

The audited financial statements for FY 2025-26 were approved by the Board of Directors in their meeting held on 14-05-2026, and the Statutory Audit Report was obtained. The company had issued Notice dated 15-05-2026 for the 37th AGM to be held on 21-08-2026.

Since the Board of Directors was suspended with effect from 07-08-2026, the Interim Resolution Professional issued a Corrigendum to the Notice of AGM on 20-08-2026 and chaired the meeting as per IBC provisions.

The shareholders approved and adopted:

  • Balance Sheet as at 31st March, 2026
  • Profit & Loss Account for the year ended 31st March, 2026
  • Directors' Report and Auditors' Report thereon

No shareholder queries were received regarding the financial accounts.

E-voting Process

Shareholders were given the option to cast votes through e-voting, details of which were sent along with the Annual Report. Mr. B. Krishnamoorthi was appointed as Scrutinizer to process the e-voting and declare results. The Scrutinizer's Report is available on:

  • National Stock Exchange of India Limited (www.nseindia.com)
  • BSE Limited (www.bseindia.com)
  • Company's website (www.gangotirtextiles.co.in)

The meeting concluded at 10:55 AM.