Notice and Book Closure Intimation for upcoming Annual General Meeting
AARNAV · price
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Aarnav Fashions Ltd has notified BSE that its 42nd Annual General Meeting will be held on Tuesday, September 30, 2025 at 3:00 PM at its corporate office in Ahmedabad. The register of members and share transfer books will be closed from September 24 to September 30, 2025 (both days inclusive) for AGM purposes, with the cut-off date for e-voting eligibility set as September 23, 2025. Key items on the AGM agenda include adoption of audited financial statements for FY ending March 31, 2025, re-appointment of Chairman & Whole Time Director Mr. Champalal Gopiram Agarwal (DIN: 01716421) who retires by rotation, and ratification of remuneration of Rs. 55,000 (plus taxes) to M/s Kiran J. Mehta & Co as Cost Auditor for FY 2025-26. The notice also seeks shareholder approval for material related party transactions with four promoter-related entities — Aarnav Industries Pvt Ltd, One World Texofab Pvt Ltd, Alpine Texworld Ltd, and Alpine Cotweave LLP — each capped at Rs. 150 crore per year for a period of 5 years starting FY 2025-26, for services, inter-corporate lending/borrowing, and trading.
Shareholders should note that no trades in the stock will be processed during the book closure window (Sep 24–30, 2025). The four large related party transaction approvals (up to Rs. 600 crore aggregate per year over 5 years) are significant as they allow the company to continue transactions with promoter-linked entities and may warrant close scrutiny by minority shareholders regarding arm's-length pricing.