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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved the appointment of Sharrma & Trivedi LLP, Company Secretaries, as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30). Mr. P.M. Rao was re-appointed as Managing Director for another 5-year term (1 July 2025 to 30 June 2030) at nil remuneration, subject to shareholder approval. The board also proposed adding new object clauses to the company's Memorandum of Association to enter the brewery, distillery, aerated water, and mineral water businesses. This marks a major diversification beyond the company's existing textile operations. The board meeting was held on 5 September 2025.
Shareholders should pay attention to the proposed shift from textiles into beverages and liquor, which represents a significant change in business direction and will require shareholder approval. The MD continuing at zero cost keeps expenses low, but raises questions about how the new business lines will be staffed and funded.