Spentex Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 29, 2025
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CLC Industries Limited (formerly Spentex Industries) has notified NSE and BSE about its 33rd Annual General Meeting scheduled for Friday, August 29, 2025 at 3:30 PM via video conferencing. The company has also submitted its Annual Report for FY 2024-25, which shows the business resumed production in October 2024 (after exiting the Corporate Insolvency Resolution Process in May 2023) and generated revenue of approximately ₹61.62 crore during the year. Shareholders will vote on ordinary items like adopting financial statements and re-appointing Mr. Bhupendra Singh Rajpal as director, plus several special items including appointing a new secretarial auditor for 5 years and seeking approval to sell plant and machinery at the Baramati (Unit I) facility. The meeting also covers approval for material related party transactions with around 11 group/related entities such as Manjeet Cotton, Manjeet Global, Satyam Spinners, Deegee Cotsyn, Sukhmani Cotton, and others, valid until the next AGM in 2026.
This is a routine AGM notice and annual report submission, but it signals the company is stabilizing operations post-insolvency with fresh revenue. Shareholders should review the related party transaction resolutions carefully since they involve multiple group entities, and note the proposed asset sale at the Baramati unit which may indicate restructuring of manufacturing operations.