Announced Mon, 18 Aug · 17:03 IST

Notice of the 35th AGM of the Company

Board & Shareholder Meetings View source PDF

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AI summary

Acknit Industries has notified its 35th AGM to be held on Monday, 15th September 2025 at 3:00 PM at Bharatiya Bhasha Parishad, Kolkata. The board has recommended a dividend of ₹1.50 per equity share (face value ₹10) for FY ended 31 March 2025, with the record date fixed as 8th September 2025 and share transfer books closed from 9th to 15th September 2025. Key items to be approved include adoption of FY25 audited financial statements, re-appointment of Mrs. Rashi Saraf (Non-Executive Director) who retires by rotation, approval for material related party transactions with promoter-linked entities (with FY25 transactions aggregating around ₹4,640 lakhs), and appointment of M/s Rekha Goenka & Associates as Secretarial Auditor for a 5-year term from FY2025-26 to FY2029-30.

Likely market impact

Shareholders on record as of 8th September 2025 will be eligible for the ₹1.50 per share dividend if approved at the AGM. The large related party transactions seeking member approval (mostly with promoter-family entities) are routine but worth monitoring for governance. The re-appointment of Mrs. Rashi Saraf continues promoter-family representation on the board.