Annual Report 2024-25
Awaiting price reaction for this filing.
The company has filed its Annual Report for FY 2024-25 along with the Notice for its 33rd Annual General Meeting scheduled for September 30, 2025 at 1:00 PM via video conferencing. The AGM agenda includes adoption of audited financials, reappointment of Managing Director Deepak Choudhari, ratification of cost auditor remuneration of Rs. 60,000, and appointment of a new secretarial auditor for five years (FY 2025-26 to 2029-30). A key item is a special resolution seeking shareholder approval to sell old machinery — 10,080 spindles and 32 looms — as part of a modernisation plan, with sale value exceeding 20% of company assets. Additionally, seven separate material related party transactions are being put to shareholder approval covering deals with Arihant group companies (Denims, Syncotex, Weaving, Technoweavs), Harsh Industries, and two directors.
Routine AGM filing, but shareholders should watch the RPT resolutions and the asset sale proposal closely — the latter could signal a restructuring or scale-down of operations, while multiple large RPTs with related Arihant entities suggest significant inter-group business activity. No immediate stock price catalyst expected from the filing itself.