Intimation of Notice of 38th Annual General Meeting of the Company.
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Betex India Ltd has filed the notice for its 38th AGM, scheduled for Monday, September 15, 2025 at 12:30 PM at its registered office in Surat, Gujarat. The agenda includes adoption of audited financial statements for FY ending March 31, 2025 and re-appointment of Mr. Ritesh Somani as Executive Director (retiring by rotation). A key item is the change of statutory auditor: M/s. C.P. Jaria & Co. resigned effective August 14, 2025, and M/S H T K S & Co., Chartered Accountants has been appointed to fill the casual vacancy and for a full 5-year term through the 43rd AGM. Shareholders will also vote on appointing M/s. Dhiren R. Dave & Co. as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30), re-appointing promoter Mr. Mahesh Kumar Somani as Non-Executive Director for 3 years from October 1, 2025, and approving related party transactions with related parties including Sumicot Limited.
Mostly routine AGM business, but the mid-term statutory auditor switch from C.P. Jaria & Co. to H T K S & Co. is notable and shareholders may want clarity on the reason for the change. The related party transaction resolution, involving promoter-linked entities, warrants attention as it allows transactions exceeding 10% of annual turnover until the next AGM.