Ginni Filaments Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 26, 2025
GINNIFILA · price
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Ginni Filaments has issued the notice for its 42nd Annual General Meeting (AGM) scheduled for Friday, September 26, 2025, at 11:45 AM via video conferencing. Shareholders will consider adoption of the audited financial statements for FY ended March 31, 2025, and the re-appointment of Shri Shishir Jaipuria, who retires by rotation. As special business, members will vote on re-appointing Shri Shishir Jaipuria as Managing Director for another 3 years from April 1, 2026, with a monthly salary of Rs. 12,97,000, an annual increment of Rs. 1,00,000, plus commission up to 2% of net profits and various perquisites. Other items include appointing M/s. Parveen Rastogi & Co. as Secretarial Auditor for 5 years at Rs. 1,60,000 per year, and amending the Main Object Clause of the Memorandum of Association to allow the company to enter the renewable energy and power generation business. The book closure period is from September 20 to September 26, 2025, and the e-voting cut-off date is September 19, 2025.
Routine AGM business for shareholders to approve, but the proposal to expand into renewable energy signals a potential diversification beyond the core textile filament business. The MD's re-appointment with substantial remuneration and perquisites is subject to special resolution approval due to his promoter status.