Subject to approval of members at the ensuing Annual General Meeting to be held on 29th September, 2025 the Board at its meeting held on 13th August, 2025 approved the following: 1. Re-appointment ....
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Arex Industries, a Gujarat-based textile labels maker, announced Q1 FY26 (quarter ended June 30, 2025) results alongside several board decisions. Revenue from operations fell to Rs. 1,126.73 lakhs from Rs. 1,296.93 lakhs in the same quarter last year, a decline of about 13%. Profit after tax dropped sharply to Rs. 24.69 lakhs (from Rs. 82.97 lakhs), down roughly 70% year-on-year, with EPS at Rs. 0.69 versus Rs. 2.10 earlier. The auditor (Sweta Patel & Associates) issued an unqualified limited review report. The board approved re-appointment of three family-member Managing Directors (Dinesh Bilgi, Neel Dinesh Bilgi, Chirag Dinesh Bilgi) for a fresh three-year term starting August 1, 2026, subject to shareholder approval. The 36th AGM is set for September 29, 2025, with the company's objects clause being expanded to include packaging materials business.
Weak quarterly performance with both revenue and profits contracting significantly — investors should expect short-term pressure on the stock due to the sharp drop in earnings despite continued profitability.