Approval of Annual Report for the Fy2025 of the company
Awaiting price reaction for this filing.
Rishab Special Yarns Limited held its 37th Annual General Meeting on 8th September 2025 in Mumbai. Shareholders approved the audited balance sheet and profit & loss account for the year ended March 31, 2025, along with the Board and Auditors' reports. The meeting also saw the appointment of Statutory Auditors, re-appointment of Mr. Anuj Kumar Singh as Director (retiring by rotation), regularization of Mr. Goutam Kumar Bhakat as Independent Director, appointment of Mr. Ganesh Yadav as Managing Director, and Mr. Anuj Kumar Singh as Chief Financial Officer. Additionally, shareholders approved enhancements to the company's borrowing limits and investment/loan/guarantee limits under Sections 180(1)(c) and 186 of the Companies Act, 2013. The Annual Report had already been uploaded to the stock exchange on 13th August 2025.
This is a routine post-AGM compliance filing confirming that shareholders have formally approved the FY25 financials and key leadership changes. The enhanced borrowing and investment limits give the company more flexibility to raise funds or extend loans, which could signal plans for expansion or financial restructuring — though no specific amounts or capex plans were disclosed in this filing.