Proceedings of 106th Annual General Meeting of the Company.
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PBM Polytex Ltd held its 106th AGM on 26th September 2025 via Video Conferencing, chaired by Managing Director Shri Gopal Patodia in the absence of Chairman Shri Krishan Kumar Patodia. The meeting was attended by 24 members through VC, with quorum confirmed out of 4,363 shareholders holding 68,79,020 shares. The Chairman noted challenges in the Cotton Spinning Industry and addressed shareholders on financial performance, while confirming there were no qualifications or adverse comments in the Statutory or Secretarial Audit reports. Six resolutions were put to e-vote, including adoption of FY25 financial statements, re-appointment of two directors (Gopal Patodia and Krishan Kumar Patodia) retiring by rotation, ratification of Cost Auditor remuneration, appointment of Secretarial Auditors, and revision in remuneration of CEO Amit Patodia. The meeting concluded at 11:15 AM, with voting results to be filed separately.
Routine AGM proceedings with no major red flags; clean audit reports and standard governance items. The revision in CEO remuneration and challenges highlighted in the cotton spinning industry are minor points to watch, but voting outcomes are still awaited.