Submission of Outcome of Board Meeting
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The board of Gujarat Cotex approved its annual report for FY ending 31 March 2025 and fixed the AGM for 30 September 2025 at 9:30 AM in Silvassa. It approved the re-appointment of Ms. Priyavanda Sudhir Parekh (a promoter-family member) as a director retiring by rotation, subject to shareholder approval. Shri Chetankumar Shaileshkumar Parekh was re-appointed as Managing Director for another five-year term starting 3 December 2025 — he is the son of the current Managing Director, Shaileshkumar Jayantkumar Parekh. The board also approved a shift in the registered office to Shop No. 3, Shanti Complex, Amli, Silvassa, and appointed M/s. K. Dalal & Co. as Secretarial Auditor for five years.
Continuity at the top with family members retaining control — the MD is being re-appointed and another promoter-family director is being brought back via rotation. This reinforces promoter dominance at the board level, which existing shareholders should note, though routine governance items like AGM logistics and auditor appointment are in order.