Pursuant to Regulation 30 of SEBI(LODR) Regulations, 2015, please find attached herewith summary Proceedings of 12th Annual General Meeting.
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Angel Fibers Limited held its 12th AGM on September 20, 2025, at its registered office in Jamnagar, Gujarat, from 11:00 AM to 12:00 noon. Chairman Mr. Rameshkumar Ranipa reported an extraordinary profit growth of 3,772.26% for FY2024-25, with cash inflows nearly doubling and reserves growing more than 2.5 times year-on-year. The Statutory Auditor's Report carried no qualifications, while the Secretarial Audit Report had certain observations along with management's replies. Eight resolutions were transacted, including adoption of financial statements, reappointment of directors, approval of material related party transactions with Redeco Fibers and Murlidhar Worldtrade, and reappointment of the Managing Director and two Whole-Time Directors with remuneration via special resolutions. No questions were raised by shareholders during the meeting.
The reported 3,772% profit surge and doubling of cash inflows are strong positive signals for shareholders, though the extreme percentage suggests a low base year comparison. The special resolutions for director reappointments and related party transactions may attract governance scrutiny, and the absence of four directors (one due to health) is a minor red flag.