Notice of 20th Annual General Meeting scheduled on Monday September 29, 2025 at 11.30AM
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GTN Textiles Ltd has issued the notice for its 20th Annual General Meeting to be held on Monday, September 29, 2025 at 11:30 AM through Video Conferencing (VC/OAVM). Ordinary business includes adopting audited standalone and consolidated financial statements for FY ended March 31, 2025, and re-appointing Smt. Kalpana Mahesh Thakker as Non-Executive Director (retiring by rotation). Special business includes re-appointing Shri N.K. Bafna (age ~86) and Shri C.K. Gopalakrishnan Nair (age ~78) as Independent Directors for a second 5-year term each. Shri Umang Patodia is proposed for appointment as Managing Director for 5 years from August 6, 2025, with remuneration capped at 2% of net profits. Shri MRL Narasimha is proposed as Secretarial Auditor for FY2025-26 to FY2029-30. Four separate ordinary resolutions seek member approval for material related party transactions with Patspin India Limited, GTN Enterprises Limited, Beekaypee Credit Private Limited, and Umang Finance Private Limited.
Routine AGM notice with no material financial impact on shareholders. Shareholders should note the e-voting cut-off date of September 22, 2025, register of members closure from September 24-29, 2025, and the proposals for re-appointing two senior Independent Directors (aged 78 and 86), a new Managing Director term, and omnibus approval for related party transactions.