Akshar Spintex Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 25, 2025
AKSHAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Akshar Spintex has issued the notice for its 12th Annual General Meeting, scheduled for Monday, August 25, 2025 at 3:00 PM IST, to be held via video conferencing. Ordinary business includes adoption of audited financial statements for FY ended March 31, 2025 and re-appointment of Director Mr. Harikrushna Chauhan, who retires by rotation. Special business items seek shareholder approval to ratify the appointment of Mr. Harry Paghdar as Managing Director for 5 years (May 21, 2025 to May 20, 2030) with remuneration capped at Rs. 12 lakh per annum, appoint Mr. Sureshkumar Gajera as Independent Director for 5 years, re-appoint Mr. Parshotam Vasoya as Independent Director for a second term of 5 years (Aug 23, 2026 to Aug 22, 2031), and appoint M/s. D N Vora & Associates as Secretarial Auditor for FY 2025-26 to FY 2029-30 at a remuneration not exceeding Rs. 50,000 per annum. The cost auditor M/s. Mitesh Suvagiya & Co. will also be paid Rs. 36,000 plus expenses for FY 2025-26. E-voting opens August 22, 2025 and closes August 24, 2025, with cut-off date of August 18, 2025.
This is a routine AGM notice with several routine governance resolutions. Shareholders should note the formal appointment of a new Managing Director and the five-year term extensions for two directors, along with the appointment of a new secretarial auditor. No material impact on share price is expected from the notice itself; outcomes will depend on votes cast at the AGM.