Annual Report for the financial year 2024 -2025
GINNIFILA · price
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Ginni Filaments has submitted its Annual Report for FY 2024-25 to BSE and NSE under SEBI Listing Regulation 34. The 42nd Annual General Meeting (AGM) is scheduled for September 26, 2025 at 11:45 AM, to be held via video conferencing. Key items on the AGM agenda include: (1) re-appointment of Shri Shishir Jaipuria as Managing Director for 3 more years from April 1, 2026, with a monthly salary of Rs. 12,97,000 plus annual increment of Rs. 1,00,000 and up to 2% commission on net profits; (2) appointment of M/s Parveen Rastogi & Co as Secretarial Auditor for a 5-year term (FY 2025-30) at Rs. 1,60,000 per year; (3) amendment to the Main Object Clause of the Memorandum of Association to add renewable energy and power generation as a new business activity. The Board comprises Shri Shishir Jaipuria as Chairman & MD, along with Executive Director Shri Saket Jaipuria and four Independent Directors.
This is a routine annual compliance filing, but the proposed amendment to include renewable energy generation in the company's main objects signals a possible diversification move beyond its current textile filaments business. Shareholders should watch the AGM outcomes, particularly the MD re-appointment terms and any future steps toward entering the clean energy space.