Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shubham Polyspin Limited has issued the notice for its 13th Annual General Meeting to be held on Saturday, 6th September 2025 at 12:00 Noon via video conferencing (VC/OAVM) from its registered office in Mehsana, Gujarat. Shareholders will consider adoption of audited financial statements for FY 2024-25 (turnover of Rs. 52.51 crore) and re-appointment of Mr. Akshay A. Somani, who retires by rotation and holds 17,16,000 equity shares. As special business, members will vote on appointing M/s Manoj Hurkat & Associates as Secretarial Auditors for a five-year term (FY 2025-26 to 2029-30), and on approving material related party transactions of up to Rs. 70 crore per year for five years with three related entities (Shubham Tax-O-Pack at Rs. 40 crore, Flexishine Polyblend at Rs. 15 crore, and Shubham Texplast at Rs. 15 crore). Remote e-voting opens 3rd September 2025 and closes 5th September 2025.
Routine AGM agenda items — financial adoption and director re-appointment are standard and unlikely to move the stock. The related party transaction approval is notable as it represents a significant portion of turnover (~133% of FY25 sales) and signals continued heavy inter-group dealings with promoter-linked entities, which shareholders should monitor for governance and pricing fairness.