Summary of Proceedings of the 55th Annual General Meeting of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Ventura Textiles held its 55th AGM on September 30, 2025 (10:30 AM to 11:15 AM) at its registered office in Andheri (East), Mumbai, with 78 members present. The Chairman outlined efforts to turnaround the company and put seven resolutions to vote, including adoption of FY25 audited financials, re-appointment of directors, and appointment of Sharma & Trivedi LLP as Secretarial Auditors for five years (FY26–FY30). Importantly, the company sought shareholder approval to insert new object clauses to enter the alcoholic beverages business (wines, spirits, beers, brewery), and to reduce paid-up share capital to eliminate accumulated losses, along with amending the share capital clause of the MOA. E-voting results will be announced within two working days of the AGM.
This signals a major corporate restructuring — the company is pivoting into an entirely new business (alcoholic beverages) and undertaking a capital reduction to wipe out accumulated losses, which is a significant turnaround attempt. Shareholders should watch for the e-voting results and any potential dilution or capital restructuring impact on their holdings.