Please find enclosed herewith Notice of 15th Annual General Meeting of the company scheduled to be held on Monday, 11th August, 2025 at 11.30 A.M. at the registered office of the company.
RNBDENIMS · price
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R & B Denims Limited has issued the notice for its 15th AGM to be held on Monday, 11th August 2025 at 11:30 AM at its registered office in Palsana, Surat. Ordinary business includes adoption of audited standalone and consolidated financial statements for FY 2024-25 and re-appointment of Mr. Amit Dalmia (Managing Director) and Mr. Ankur Mangilal Borana (Executive Director), both retiring by rotation. Special business includes ratification of Cost Auditor remuneration for FY 2025-26, appointment of Mr. Bhaveshkumar Arjunkumar Rawal as Secretarial Auditor for a five-year term ending March 2030, and approval of material related party transactions with subsidiaries RB Industries (up to Rs 1,000 crore for goods), Ricon Industries (up to Rs 500 crore for goods), and Ricon Textile Limited (up to Rs 70 crore corporate guarantee and Rs 100 crore for goods), along with related party transactions at the subsidiary level. Shareholders will also vote on regularizing the appointment of Mrs. Nitika Abhishek Soni as Non-Executive Independent Director for a five-year term from 15th May 2025 to 14th May 2030. Remote e-voting window opens on 8th August 2025 and closes on 10th August 2025, with cut-off date of 4th August 2025.
The notice is largely procedural but flags significant related party transaction limits (collectively exceeding Rs 1,900 crore across subsidiaries) that require shareholder approval, indicating the group operates heavily through inter-company dealings. Director re-appointments and the induction of a new Independent Director suggest continuity in management with some board refresh.