Submission of Notice of 45th AGM to be held on 30.09.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pasupati Spinning & Weaving Mills has submitted the notice for its 45th Annual General Meeting scheduled on Tuesday, September 30, 2025 at 11:00 AM at its registered office in Dharuhera, Haryana, along with the Annual Report for FY 2024-25. Shareholders will vote on ordinary items (adoption of FY25 financial statements and re-appointment of a rotating director) and several special items, including ratification of cost auditor remuneration of Rs 70,000 plus GST for FY26, appointment of M/s Sumit Bajaj & Associates as Secretarial Auditors for five years (FY26 to FY30), and approval of related party transactions with Shivani Textiles Ltd (a company where directors Ramesh Kumar Jain and Vidit Jain hold over 2% stake) up to Rs 20 crore covering sale, purchase, job work, rent, and expense reimbursements. The notice also seeks approval for re-appointment of Mr Ramesh Kumar Jain as Managing Director for five years (April 2025 to March 2030) at a maximum salary of Rs 30 lakh per annum as he will turn 70 in October 2025, and continuation of remuneration for Whole Time Director Mr Chander Mohan Sharma for December 2025 to December 2027. Remote e-voting window is September 27-29, 2025, with cut-off date of September 23, 2025.
This is a routine AGM filing, but shareholders should note the related party transaction approval with Shivani Textiles Ltd worth up to Rs 20 crore (cumulative cap) and the special resolution to retain Mr Ramesh Kumar Jain as MD past age 70 for another five years — both require shareholder approval and may draw attention given promoter-director interest in the RPT counterparty.