Morarjee Textiles Limited has informed the Exchange regarding Board meeting held on August 20, 2025.

Morarjee Textiles held an Audit Committee meeting on August 20, 2025, conducted under the authority of the Resolution Professional since the company's board is suspended due to ongoing Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016. Multiple financial periods remain pending closure, including the Q1 FY 2024-25 Limited Review (tentatively expected by September 2025), three more quarters of FY 2024-25, the FY 2024-25 audited financials, and the Q1 FY 2025-26 Limited Review, with accounts expected within three months subject to limited finance personnel and auditor cooperation. Consolidated Financial Statements and Corporate Governance Certification (March 2024) remain pending due to the lack of a Company Secretary and authorized signatories. The AGM for FY 2023-24 was granted an extension until December 31, 2024, and outstanding statutory auditor fees will be treated as CIRP costs payable from resolution proceeds. The Resolution Professional expressed strong displeasure at the delay by statutory auditors and urged them to proceed with the audit on a best-efforts basis to avoid further regulatory non-compliance.