Submission of Annual Report for the financial year 2024-25 and Notice of 45th Annual General Meeting scheduled to be held on 30th September, 2025
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Pasupati Spinning & Weaving Mills has filed its Annual Report for FY 2024-25 along with the notice for its 45th Annual General Meeting, to be held on Tuesday, 30th September 2025 at 11:00 AM at the registered office in Dharuhera, Haryana. E-voting will be open from 27th September (9 AM) to 29th September (5 PM), with a cut-off date of 23rd September 2025. Shareholders will vote on routine items such as adopting FY25 financial statements and re-appointing director Chander Mohan Sharma, plus several special items: ratification of cost auditor remuneration of Rs. 70,000, appointment of M/s Sumit Bajaj & Associates as secretarial auditors for five years (FY26–FY30), approval of related party transactions with Shivani Textiles Ltd worth up to Rs. 20 crore, continuation of Managing Director Ramesh Kumar Jain post age 70 for another five years (April 2025 to March 2030) with a maximum pay of Rs. 30 lakh per annum, and remuneration approval for Whole-time Director CM Sharma from December 2025 to December 2027. The company also flagged board changes during the year, with three new independent directors joining and two completing their tenure.
Shareholders should review and vote on the related party transactions worth Rs. 20 crore with Shivani Textiles (in which promoter directors hold over 2%) and the continuation of the Managing Director past the age of 70 with a Rs. 30 lakh salary cap, as both are special resolutions requiring higher voting approval. The e-voting window of 27–29 September gives eligible shareholders a chance to participate remotely before the AGM on 30th September.