Outcome of Board Meeting held today i.e. on 16.06.2025.
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The Board of Directors of Rishi Techtex Ltd held a meeting on 16th June 2025 and approved several items. These include the Board's Report for FY 2024-25, convening of the 41st Annual General Meeting on 11th August 2025 via video conferencing, and closure of the Register of Members and Share Transfer Books from 5th August to 11th August 2025. The Board also approved the re-appointment of Mr. Abhishek Patel as Managing Director for a fresh 3-year term starting 1st April 2026, subject to shareholder approval at the AGM. Additionally, a material related-party transaction with Centennial Fabrics Limited for one year (1st April 2026 to 31st March 2027) was approved, also pending shareholder nod. Mr. Patel is a Commerce graduate from University of Mumbai and holds a degree in Economics and Management from the London School of Economics.
Routine governance update with no immediate financial impact. The MD's continuation ensures leadership stability, while the related-party transaction will require shareholder approval at the upcoming AGM, meaning retail investors will get a voting say on it.