42nd Annual general Meeting
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Binayak Tex Processors Ltd held its 42nd Annual General Meeting on 29th September 2025 via video conferencing from 3:00 PM to 3:15 PM. Chairman Mr. Pradipkumar Pacheriwala presided over the meeting, with all requisite quorum present. Members adopted the audited financial statements for FY ending 31st March 2025, approved the re-appointment of Mrs. Heeradevi Pacheriwala (who retires by rotation), and appointed M/s. Sunderlal Desai & Kanodia as statutory auditors through FY 2025-26. Special resolutions were passed to approve higher borrowing limits under Section 180(1)(c), creation of security on company properties under Section 180(1)(a), and intercorporate loans/investments under Section 186. Sark And Associates LLP was also appointed as secretarial auditor for a five-year term ending in 2030. The auditors' and secretarial audit reports contained no adverse remarks.
The passing of special resolutions for enhanced borrowing limits and creation of security on assets gives the company greater financial flexibility for future debt-raising. The reappointment of directors and auditors signals continuity in governance, with no negative audit observations reported.