Please find enclosed proceedings of the 36th Annual General Meeting of the Company held on Monday, 29th September, 2025.
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Texel Industries held its 36th AGM on 29th September 2025 via video conferencing, lasting about 27 minutes. Chairman & Managing Director Mr. Shailesh R Mehta highlighted that FY 2024-25 was a landmark year — revenue grew 27% to ₹12,117.44 lakhs, EBITDA surged nearly six times to ₹1,481.14 lakhs, and the company swung to a net profit of ₹488.51 lakhs from a previous-year loss. The company expanded into the USA, launched new product applications, and advanced sustainability initiatives. All four resolutions were passed with the required majority, including adoption of FY25 financial statements, re-appointment of Mr. Mehta as a director retiring by rotation, his re-appointment as Chairman & Managing Director, and appointment of Secretarial Auditors. Voting was conducted via remote e-voting (25–28 Sept) and e-voting during the AGM, with results to be announced within two working days.
The AGM confirms a strong financial turnaround for FY25 with significant growth in revenue and profitability, which is positive for shareholders. The re-appointment of the existing CMD signals management continuity, and the clean passage of all resolutions means no governance disruptions.