The Annual Report for FY 2024-25, along with AGM Notice dated 23.08.2025 at 2.30. pm.
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Mahalaxmi Fabric Mills has submitted its Annual Report for FY 2024-25 along with the notice for its 34th Annual General Meeting, scheduled for August 23, 2025, at 2:30 PM via video conferencing. The company recently listed on BSE and NSE on August 27, 2024. Key AGM items include adopting the FY25 financial statements, re-appointing director Rahul J. Parekh, and appointing new statutory auditors M/s. Jain Chowdhary & Co. for a five-year term (2025-2030), after the previous auditors M/s. Bhanwar Jain & Co. resigned on May 9, 2025, citing the absence of a mandatory ICAI Peer Review Certificate. The meeting will also seek shareholder approval to re-appoint the secretarial auditor for five years and to allow Chairman Jeetmal B. Parekh to continue as a Non-Executive Director beyond the age of 75. No financial figures, dividend declarations, or auditor qualifications are disclosed in this filing.
The mid-year change of statutory auditors, though officially attributed to a procedural Peer Review certification issue rather than any dispute, may draw investor attention. Shareholders should review the FY25 Annual Report for actual revenue, profit, and cash flow performance before the AGM.