Submission of Outcome of Annual General Meeting
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Gujarat Cotex held its AGM on 30/09/2025 where all three resolutions were passed. Members adopted the audited financial statements for FY ended March 31, 2025 along with the Board and Auditor reports. Ms. Priyavanda Sudhir Parekh was re-appointed as a Director by rotation. Mr. Chetankumar Shaileshkumar Parekh was re-appointed as Managing Director for a five-year term effective December 3, 2025. The meeting ran from 9:30 AM to 11:30 PM on the same day.
Routine AGM outcome with no material changes for shareholders — financials were approved and the existing management team was retained. The board remains dominated by the Parekh family, with the father (Shaileshkumar), son (Chetankumar as MD), and an aunt (Priyavanda) all serving as directors, which is a governance observation for minority shareholders.