Morarjee Textiles Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/08/2025 ,inter alia, to consider and approve 1. To confirm attendance ....
MORARJEE · price
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Morarjee Textiles has informed BSE about an Audit Committee meeting scheduled for 20th August 2025 at 3:00 PM via video conference. The agenda includes reviewing the limited review plan for Q1 of FY 2024-25 and subsequent quarters, audited financials for FY 2024-25, and one quarter of FY 2025-26. The committee will also take note of pending Consolidated Financial Statements and Corporate Governance Certification for March 2024, and review the status of the AGM for FY ending March 2024 and March 2025. Importantly, the company is currently under the Corporate Insolvency Resolution Process (CIRP) under the IBC 2016, with Mr. Ravi Sethia acting as the Resolution Professional appointed by NCLT Mumbai in February 2024.
The meeting itself is procedural, but the agenda reveals serious operational concerns — including pending financial statements, delayed AGMs, and unpaid statutory auditor fees — which point to ongoing stress typical of a company in insolvency. Shareholders should watch for the resolution plan outcome and any updates on the CIRP process, as these will be critical for stock price direction.