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Awaiting price reaction for this filing.
Arex Industries Ltd, a textile label manufacturer based in Gujarat, has filed the notice for its 36th AGM to be held on 29th September 2025 via video conferencing, along with the Integrated Annual Report for FY 2024-25. Key items to be transacted include adoption of audited financial statements, re-appointment of two directors retiring by rotation, and re-appointment of three promoter family members — Dinesh Bilgi, Neel Bilgi, and Chirag Bilgi — as Managing Directors for a further three-year term effective 1st August 2026. The company is also seeking shareholder approval to alter its Object Clause to add new business lines covering aluminium foil coating, lamination, printing, and various packaging materials. Additionally, M/s Preyansh Shah & Associates is proposed to be appointed as Secretarial Auditors for five consecutive years (FY 2025-26 to FY 2029-30). The book closure period runs from 23rd to 29th September 2025, and e-voting will be available from 26th to 28th September 2025.
Routine procedural filing with no immediate material impact on share price. The proposed diversification into aluminium foil and packaging materials signals a potential expansion beyond the core textile label business, which shareholders should monitor. Re-appointment of the same promoter family in top management roles is a continuity signal but also indicates concentrated family control.