Ginni Filaments Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
GINNIFILA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ginni Filaments held its 42nd AGM on September 26, 2025, conducted via video conferencing, where shareholders approved all agenda items through e-voting. Ordinary business included adoption of audited financial statements for FY ending March 31, 2025 and re-appointment of Shri Shishir Jaipuria (DIN 00274959) as a Director retiring by rotation. As special business, members approved re-appointment of Shri Shishir Jaipuria as Managing Director for a further 3-year term effective April 1, 2026, with minimum remuneration payable irrespective of profits. M/s. Parveen Rastogi & Co was appointed as Secretarial Auditor for 5 consecutive years (April 1, 2025 to March 31, 2030) at a fee of Rs. 1,60,000 plus taxes for FY 2025-26. Shareholders also approved an amendment to the Main Object Clause of the Memorandum of Association to add a new sub-clause enabling the company to enter the renewable energy and power generation business, including solar, wind, thermal, biomass and other sources, for captive consumption.
The amendment allowing entry into renewable energy and power generation marks a strategic diversification beyond the company's existing textile business, potentially opening new revenue streams. Continuity in leadership with the MD's re-appointment provides stability, while the AGM results signal shareholder confidence in the current direction.