Please find enclosed herewith Annual Report for the financial year 2024-25.
RNBDENIMS · price
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R & B Denims Limited has submitted its Annual Report for FY 2024-25 to BSE under Regulation 34(1) of SEBI LODR. The Surat-based company is one of the largest vertically integrated denim manufacturers in the world, producing over 30 million meters of denim annually, and was founded in 2012. The 15th Annual General Meeting is scheduled for 11th August 2025 at 11:30 AM at the registered office in Palsana, Surat. Chairman & MD Amit Dalmia highlighted that the company recently forayed into the garmenting segment as a strategic expansion to move closer to the end consumer. The AGM notice seeks shareholder approval for material related party transactions with subsidiaries (RB Industries, Ricon Industries, Ricon Textile Limited) and other related entities, with combined limits running into several hundred crores. Two independent director appointments/ratifications and the appointment of a new secretarial auditor are also on the agenda.
This is a routine annual report submission with no direct price-moving news, but investors should note the proposed large related party transactions requiring shareholder approval and the company's strategic expansion into garmenting, which could affect future revenue mix and margins.