Outcome of 38th Annual General Meeting of the Company
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Dhanalaxmi Roto Spinners held its 38th AGM on 19 September 2025 via video conferencing. Shareholders approved a 15% dividend (Rs. 1.50 per equity share). They also re-appointed Mr. Narayan Inani as Managing Director and Mr. Anirudh Inani and Mr. Keshav Inani as Whole-Time Directors. M/s. Baheti Gupta & Co was appointed as Secretarial Auditor, and related party transactions were approved. Notably, the company amended its Memorandum of Association to enter three new business areas: real estate and construction, leasing and renting of properties, and renewable energy (solar power) manufacturing and projects. This marks a major diversification away from its core textile/spinning business.
The 15% dividend offers a reasonable return to shareholders, but the bigger story is the company's sharp pivot into real estate and solar energy, which could reshape its long-term business profile and risk outlook. Investors should watch how the company funds and executes these new ventures, as they differ significantly from its existing spinning operations.