Pursuant to Regulation 30 read with Part-A of Schedule - III to the SEBI(LODR) Regulations, 2015, please find enclosed herewith summary proceedings of 12th Annual General Meeting.
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Awaiting price reaction for this filing.
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. The Chairman reported extraordinary profit growth of 3,772.26% for FY 2024-25, with cash inflows nearly doubling year-on-year. The Managing Director added that reserves grew by more than 2.5 times and cash liquidity rose by about 1.5 times compared to the previous year. The Statutory Auditor's Report was clean with no qualifications, while the Secretarial Audit Report contained some observations along with management's replies. Eight resolutions were tabled — five ordinary (adoption of financials, reappointment of a rotating director, two related-party transactions with Redeco Fibers and Murlidhar Worldtrade, and Cost Auditor remuneration) and three special (reappointment and remuneration of the Managing Director, Chairman/Whole-time Director, and another Whole-time Director).
The headline-grabbing 3,772% profit growth is unusually large and likely reflects a low base rather than a massive absolute jump, so investors should compare actual rupee figures before getting excited. Approval of related-party transactions and executive reappointments is procedural but worth monitoring for governance, especially since four directors (including three independent directors) were absent.