Proceedings of the Annual General Meeting held on 28th August 2025.
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Gem Spinners India held its 35th AGM on 28th August 2025 at its registered office in Kancheepuram, chaired by Managing Director Mr. R. Veeramani. A total of 32 members attended (8 promoter group and 26 public), and the quorum was confirmed. Five resolutions were passed: (1) approval of audited accounts for FY ending 31st March 2025 with an unmodified auditor's report, (2) reappointment of Mr. S. Gopal as Director (retiring by rotation), (3) appointment of M/s. Lakshmmi Subramanian & Associates as Secretarial Auditor for a first term of five years, (4) reappointment of Mr. R. Veeramani as Managing Director for three years (1 Oct 2025 to 30 Sep 2028) with no remuneration, and (5) appointment of Ms. R. Rani as Independent Director for a five-year term ending 30 September 2040. E-voting was conducted from 25th–27th August 2025 via CDSL. The meeting concluded at 11:00 a.m., with voting results to be announced within 48 hours.
Routine procedural outcome — all resolutions including financial approval, key director reappointments, and a new independent director were passed. With the MD reappointed at no remuneration and voting results pending, there is no immediate material change for shareholders, though the new independent director strengthens board composition.