Outcome of Board Meeting held today 29.08.2025
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The Board of Directors of Samtex Fashions Limited met on August 29, 2025 (10:30 AM to 12:20 PM) and approved several items. The 32nd Annual General Meeting has been scheduled for September 29, 2025 to be held via video conferencing, with the Register of Members closed from September 23 to September 29, 2025. The board approved the Director's Report, Secretarial Audit Report, Corporate Governance Report, and Management Discussion and Analysis for FY 2024-25. Mr. Atul Mittal (DIN: 00223366), aged 47 and on the board since 2002, was re-appointed as Chairman and Managing Director for a fresh 5-year term from August 30, 2025 to August 29, 2030, subject to shareholder approval. Additionally, Debananda Nayak was appointed as Internal Auditor for FY 2025-26, and M/s DMK Associates was appointed as Secretarial Auditors for 5 consecutive years (FY 2025-26 to FY 2029-30), subject to shareholder approval at the AGM.
These are largely routine governance and compliance matters with no direct financial impact on shareholders. The re-appointment of the long-standing Chairman and Managing Director signals leadership continuity, while the AGM date fixes the timeline for any shareholder voting items.