Meyer Apparel 33rd AGM on July 9, 2026; seeks borrowing limit hike to Rs 2.75 Cr
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Meyer Apparel's 33rd AGM is scheduled for July 9, 2026 via video conferencing (cut-off July 3, e-voting July 5-8). Resolutions: adopt FY26 accounts, re-appoint Pawan Kakra (Non-Executive) and Gajender Kumar Sharma (Whole-Time Director/CFO) with detailed salary, raise borrowing limit to Rs 2.75 crore, allow inter-corporate/promoter/director loans up to Rs 2.75 crore, and approve related party transactions up to Rs 2.75 crore per year. FY26 revenue collapsed to Rs 8.70 lakh (vs Rs 120.25 lakh); losses narrowed to Rs 78.80 lakh from Rs 106.78 lakh. No dividend.
Sharp revenue drop and continuing losses raise going-concern flags. Shareholders will vote on higher borrowing, promoter funding, and related-party deals.