Notice of 39th AGM to be held on 19-08-2025
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Awaiting price reaction for this filing.
Seasons Textiles Limited has scheduled its 39th Annual General Meeting for August 19, 2025 at 12:30 PM, to be held via video conferencing. The notice and annual report were emailed to members on July 21, 2025. The business to be transacted includes adoption of the FY25 audited financial statements, re-appointment of Mr. Sumer Singh Wadhwa as a director retiring by rotation, his appointment as Non-Executive Non-Independent Director, and appointment of M/s. Pramod Kothari & Co. as Secretarial Auditors for a 5-year term (FY 2025-26 to 2029-30). The Register of Members will be closed from August 13 to August 19, 2025, with e-voting cut-off on August 12 and remote e-voting running from August 16 (10 AM) to August 18 (5 PM). FY25 standalone financials show total revenue of Rs. 2,739.81 lakhs (up from Rs. 2,657.15 lakhs) but a net loss of Rs. 33.53 lakhs versus Rs. 21.07 lakhs in the previous year, with EPS at -0.45.
This is a routine AGM notice, so no immediate price reaction is expected, but shareholders should note that the company has reported a wider net loss in FY25 despite modest revenue growth, signaling continued pressure on profitability. The appointment of a director related to the Managing Director (Mr. Sumer Singh Wadhwa) may draw governance attention from some investors.