Notice of 33rd Annual General Meeting
Awaiting price reaction for this filing.
Girnar Spintex Industries (formerly Amit Spinning Industries) has called its 33rd Annual General Meeting on September 30, 2025 at 1:00 PM, to be held via video conferencing. The meeting will consider 13 items, including adoption of FY25 financial statements and reappointment of CMD Deepak Choudhari, who retires by rotation. Shareholders will also vote to ratify Rs. 60,000 remuneration to the Cost Auditor and to formally appoint Arunkumar Lalwani as Director and M/s Shrenik Nagaonkar & Associates as Secretarial Auditor for five years (FY26–FY30). Six separate resolutions seek shareholder approval for material related-party transactions with Arihant Denims, Arihant Syncotex Mills, Arihant Weaving Mills, Arihant Technoweavs, Harsh Industries, and with CMD Deepak Choudhari and Director Arunkumar Lalwani personally, covering FY26–FY28. A separate special resolution seeks approval to sell 10,080 old spindles and 32 looms at the Kolhapur plant as part of the company's modernisation plan.
The bulk of resolutions are routine (auditor ratification, director reappointment, financial statement adoption). The proposed sale of old spindles and looms signals a modernisation drive, while the cluster of related-party transaction approvals indicates significant business interlinkages with the Arihant group and promoter entities that shareholders should review for arm's-length pricing and overall dependence.