Akshar Spintex Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 25, 2025
AKSHAR · price
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Akshar Spintex Limited held its 12th Annual General Meeting on August 25, 2025, via video conferencing from 3:02 PM to 3:13 PM, with 42 members present. Shareholders adopted the audited financial statements for the year ended March 31, 2025, and approved the re-appointment of Mr. Harikrushna Chauhan as a director retiring by rotation. Other key approvals included ratifying Mr. Harry Paghdar's appointment as Managing Director for 5 years (till May 20, 2030) with a maximum remuneration of Rs. 12 lakh per annum, appointing M/s. D N Vora & Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30), and ratifying Mr. Sureshkumar Gajera as Independent Director for 5 years. The meeting also re-appointed Mr. Parshotam Vasoya as Independent Director for a second 5-year term starting August 23, 2026, and approved Rs. 36,000 as remuneration to Cost Auditors for FY 2025-26.
This is a routine corporate governance filing with no material business changes; the director appointments and modest remuneration figures (Rs. 12 lakh per annum for MD, Rs. 36,000 for Cost Auditor) suggest this is a small-cap company with limited near-term stock price catalysts.