Adeshwar Meditex Limited Files Annual SEBI Disclosure Under Takeover Regulations for FY26

1 min read     Updated on 07 Apr 2026, 02:11 PM
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Adeshwar Meditex Limited submitted its annual SEBI disclosure for FY26, confirming no share encumbrance by promoters during the year. Promoters Krishnojirao Nagaraja Rao and Abhinandan Nagaraja Rao hold 40,12,000 and 43,11,332 shares respectively as of March 31, 2026. The disclosure was filed with BSE under Regulation 31(4) of SEBI takeover regulations, ensuring compliance with substantial shareholding requirements.

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Adeshwar Meditex Limited has filed its mandatory annual disclosure with BSE Limited under SEBI's takeover regulations for the financial year ended March 31, 2026. The disclosure, submitted on April 7, 2026, confirms compliance with regulatory requirements regarding substantial shareholding by promoters.

Regulatory Compliance Declaration

The company's promoters have declared that no encumbrance was created over their shareholdings during the financial year ended March 31, 2026. This declaration was made in accordance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011.

Abhinandan Nagaraja Rao, Whole Time Director with DIN 08677161, confirmed on behalf of all promoters that they, along with persons acting in concert, have not made any encumbrance over shares held directly or indirectly during FY26.

Promoter Shareholding Details

As of March 31, 2026, the promoter shareholding structure shows significant holdings by key management personnel:

Name: Category: Total Shares Held:
Krishnojirao Nagaraja Rao Promoter 40,12,000
Abhinandan Nagaraja Rao Promoter 43,11,332
Combined Holdings: Promoters 83,23,332

Key Personnel and Documentation

The disclosure documents were signed by both Whole Time Directors of the company:

  • Krishnojirao Nagaraja Rao (DIN: 07684308) - Whole Time Director
  • Abhinandan Nagaraja Rao (DIN: 08677161) - Whole Time Director

The documentation was digitally signed and submitted to BSE Limited's Department of Corporate Services at P.J. Towers, Dalal Street, Fort, Mumbai. The company operates under BSE scrip code 543309.

Corporate Governance Framework

This annual disclosure represents part of Adeshwar Meditex Limited's ongoing compliance with SEBI's substantial acquisition and takeover regulations. The filing ensures transparency in promoter shareholding patterns and adherence to regulatory frameworks governing listed companies in India.

The company's registered address is at Gala 111 Lok Centre, Marol Maroshi Road, Andheri East, Mumbai-400059, Maharashtra, India, where the audit committee also received copies of the disclosure documentation.

Will Adeshwar Meditex consider raising additional capital through equity dilution given the high promoter shareholding of over 83%?

How might the company's expansion plans be affected by the promoters' commitment to maintain unencumbered shareholdings?

What strategic partnerships or acquisitions could Adeshwar Meditex pursue in the medical textiles sector for FY27?

Adeshwar Meditex Appoints New Independent Director and Reconstitutes Committees

2 min read     Updated on 20 Dec 2025, 04:14 PM
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Adeshwar Meditex Limited has made significant governance changes by appointing Mr. Raghupathy Bhat, a seasoned professional with 40+ years of experience, as Additional Non-Executive Independent Director. The company has also reconstituted its Audit, Nomination and Remuneration, and Stakeholder Relationship Committees to reflect the new board composition, with an EGM scheduled for January 20, 2025, to seek shareholder approval.

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Adeshwar Meditex Limited , a manufacturer and trader of medical dressings, bandages, face masks, and PPE kits, has announced significant board changes and committee reconstitution following its board meeting held on December 20, 2025.

Key Board Decisions

The board meeting, which commenced at 12:30 PM (IST) and concluded at 3:40 PM (IST), resulted in several important decisions:

Decision: Details
New Director Appointment: Mr. Raghupathy Bhat (DIN: 11393929)
Position: Additional Non-Executive Independent Director
Approval Required: Members' approval in EGM
EGM Date: January 20, 2025 at 12:30 PM (IST)
EGM Venue: Registered office, Mumbai

Committee Reconstitution

The company has reconstituted three key committees following the board composition changes:

Audit Committee

Member: Role
Mr. Arun Koli: Independent Director
Mr. Raghupathy Bhat: Additional Independent Director
Mr. Krishnojirao Nagaraja Rao: Whole-Time Director

Nomination and Remuneration Committee

Member: Role
Mr. Raghupathy Bhat: Additional Independent Director
Mr. Arun Koli: Independent Director
Mr. Satish Chudekar: Non-Executive Director

Stakeholder Relationship Committee

Member: Role
Mr. Raghupathy Bhat: Additional Independent Director
Mr. Arun Koli: Independent Director
Ms. Ashalata Baburao Raut: Director

New Director Profile

Mr. Raghupathy Bhat brings over 40 years of experience in government administration, banking, and regulatory functions. His professional journey includes:

Period: Position
1978-1982: Second Division Assistant, Department of Telecommunications, GOI
1982-1997: Clerk, Canara Bank
1997-2018: Gazetted Officer, Department of Agricultural Marketing, Karnataka
2016-2018: Additional Director (Retired October 2018)

He holds a Bachelor of Commerce degree, is a Certified Associate of Indian Institute of Bankers (CAIIB), and has Karnataka Marketing Service (KMS) certification.

Additional Approvals

The board also approved the appointment of Mr. Deep Shukla, Practising Company Secretary, as scrutinizer for the voting process. Additionally, the board authorized the renewal and modification of credit facilities with Union Bank of India, Bhatbazar Branch, Mumbai.

The Extraordinary General Meeting will be held at the company's registered office at Gala 111 Lok Centre, Marol Maroshi Road, Andheri East, Mumbai, where shareholders will vote on the proposed director appointment.

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