Key Financial Figures
- Revenue from operations for FY 2025-26: ₹36,303 (in thousands)
- Revenue from operations for previous year (FY 2024-25): ₹53,642 (in thousands)
- Net Loss for FY 2025-26: ₹21,643 (in thousands)
- Net Loss for previous year (FY 2024-25): ₹17,304 (in thousands)
AGM Details
- Date: Saturday, 26th September, 2026
- Time: 11:00 a.m. (IST)
- Venue: 14/30 Ground Floor, B Wing, Katare Complex, Gandhinagar, Bl. No. 10, Solapur MH- 413006
E-Voting Information
- Remote e-voting facility provided through Central Depository Services (India) Limited (CDSL)
- Remote e-voting period: Wednesday, 23rd September, 2026 at 9:00 am to Friday, 25th September, 2026 at 5:00 pm
- Cut-off date for voting: Friday, 18th September, 2026
- Shareholders can also vote through ballot paper at the AGM
Business to be Transacted
Ordinary Business:
1. To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2026 and Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and the Auditors
2. To re-appoint Mr. Umakant Mahindrakar (DIN: 01233305) who retires by rotation
3. Appointment of M/s. Hiremath Patil Udgiri and Associates, Chartered Accountants (FR. No. 129856W) as Statutory Auditors for 5 years
Special Business:
4. Appointment of M/s. Hiremath Patil Udgiri and Associates to fill casual vacancy caused by resignation of previous auditors
5. Additions in Main Objects Clause of Memorandum of Association to include battery energy storage systems business
6. Continuation of Mr. Kishore T. Katare (DIN 00645013) as Chairman and Managing Director after attaining age of 70 years
Auditor Changes
- M/s. G M Pawle and Associates resigned as Statutory Auditors on 12th August, 2026
- Board appointed M/s. Hiremath Patil Udgiri and Associates on 21st August, 2026 to fill casual vacancy
- Proposed fees for new auditor: ₹50,000 for Limited Review and ₹50,000 for Statutory Audit (exclusive of out-of-pocket expenses)
Business Diversification Proposal
The company proposes to add new objects to its Memorandum of Association to enable business in:
- Manufacturing, designing, assembling, importing, exporting, trading, installing, commissioning, operating and maintaining Battery Energy Storage Systems (BESS)
- Lithium-ion and other advanced chemistry battery cells and battery packs
- Energy storage solutions, solar energy storage systems, grid-scale energy storage systems
- Micro-grid solutions, UPS and inverter systems
- Energy management services and power backup solutions
Management Continuation
- Mr. Kishore T. Katare attained age of 70 years in April 2026
- Seeking shareholder approval for his continuation as Chairman and Managing Director without remuneration until 30th June 2028
- Justification: Extensive experience, leadership capabilities, industry knowledge, and strategic insight
Board of Directors
- Mr. Kishore T Katare - Managing Director (DIN: 00645013)
- Mrs. Vidyavati K Katare - Director
- Mr. Umakant Mahindrakar - Director (DIN: 01233305)
- Mr. Yadgiri Narayan Konda - Independent Director
- Mr. Vilas Ramakant Shendge - Independent Director
Key Managerial Personnel
- Chief Financial Officer: Mr. Kamal Kishore Katare
- Company Secretary & Compliance Officer: Mrs. Bhagyashree Rawani
Shareholding Information
- Register of Members and Transfer Books closed from 19th September, 2026 to 26th September, 2026
- Shares dematerialized with CDSL and NSDL
- Physical share transfer not permitted after 31st March, 2019 as per SEBI deadline
Voting Instructions
Detailed instructions provided for:
- Remote e-voting through CDSL system
- Voting through Depository Participants for demat holders
- Physical ballot voting option
- Helpdesk contacts for technical support
Document Availability
- Annual Report and AGM Notice available on company website: www.katarespinningmills.com
- Also available on BSE website: www.bseindia.com
- Available for inspection at registered office during business hours