We wish to inform that the 55th Annual General Meeting ('AGM') of the Company was held on Monday, September 29, 2025, at 10:00 am IST through Video Conferencing ('VC') / Other Audio Visual ....
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Subhash Silk Mills Ltd held its 55th AGM on September 29, 2025, via video conferencing, chaired by Mr. Sumeet Mehra, and concluded in about 12 minutes. Shareholders approved the audited financial statements for FY 2024-25, re-appointed Mr. Sumeet Subhash Mehra as a director retiring by rotation, and appointed M/s. Shabbir & Rita Associates LLP as statutory auditors and M/s. KNK & Co. LLP as secretarial auditors, both for five-year terms (FY 2025-26 to FY 2029-30). Mr. Vikramsingh Rajpurohit was appointed as an Independent Director for five years effective August 1, 2025. The company reported a weak FY24-25 with total income of about ₹2.45 crore, a net loss of ₹22.06 lakh (against a profit the prior year), and the Board skipped dividend to conserve funds.
Routine AGM with key items being the auditor rotation and new independent director appointment; however, the FY25 net loss and skipped dividend signal ongoing business stress, which is a mild negative for shareholders awaiting a turnaround in operations and earnings recovery.