Axita Cotton Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
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Axita Cotton Limited held its 12th Annual General Meeting on Tuesday, September 30, 2025, from 2:30 PM to 3:06 PM via video conferencing, chaired by Chairman and Managing Director Mr. Nitinbhai Govindbhai Patel. The meeting covered seven resolutions, including ordinary items like adoption of standalone and consolidated financial statements for FY 2024-25, re-appointment of Mr. Nilesh Hasmukhbhai Kothari (director retiring by rotation), and ratification of cost auditor remuneration. A key change was the appointment of M/s. P K N & Co. as the new statutory auditor for a five-year term (until the 17th AGM in 2030), filling the casual vacancy caused by the resignation of M/s. Mistry & Shah LLP. Two special resolutions were also tabled to revise the remuneration of both the CMD and the Managing Director, along with the appointment of a new secretarial auditor for a five-year term.
This is largely a procedural filing, but shareholders should note the change in statutory auditors and the upward revision in executive remuneration, both of which require separate voting result disclosures. Investors should watch for the e-voting outcome filing under Regulation 44(3) of the Listing Regulations.