Annual Report FY 2024-25
Awaiting price reaction for this filing.
Polytex India Ltd has circulated the notice for its 39th Annual General Meeting scheduled for September 30, 2025, via video conferencing. Key items on the agenda include adoption of audited financial statements for FY25, re-appointment of Mr. Arvind Mulji Kariya as a Director, re-appointment of statutory auditors M/s. Agarwal Jain & Gupta for a second term of 2 years (FY26-27), and appointment of M/s. Sandeep Dubey & Associates as Secretarial Auditor for 5 years at Rs. 50,000 per annum. Shareholders are also being asked to approve a material related party transaction with Mr. Arvind Mulji Kariya (Whole Time Director and CFO) for loans or financial assistance up to Rs. 5 crore. The company is listed on BSE (Script Code: 512481) and is based in Mumbai.
The key item of shareholder interest is the approval sought for a related party transaction of up to Rs. 5 crore with the Director and CFO, which signals the company is seeking funding from insiders. The re-appointment of the existing statutory auditors for a second term maintains continuity in audit oversight.