Adeshwar Meditex will hold its 19th annual general meeting on Wednesday, September 23, 2026. The company announced the schedule in a disclosure filed with the Bombay Stock Exchange on August 27, 2026.

The registrar of members and share transfer books will remain closed from Thursday, September 17, 2026 to Wednesday, September 23, 2026. This period includes both start and end dates. The closure facilitates the preparation of the register of members for the upcoming vote.

Meeting Details

The annual general meeting is scheduled for 12:30 pm at the company’s registered office. The venue is located at Gala 111 Lok Centre, Marol Maroshi Road, Andheri East, Marol Naka, Mumbai.

Krishnojirao Nagaraja Rao, Whole Time Director of Adeshwar Meditex, signed the intimation. The disclosure was made pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Newspaper Advertisement and Regulatory Filings

In a subsequent filing dated August 29, 2026, Adeshwar Meditex confirmed that it published newspaper advertisements regarding the AGM notice in Free Press Journal (English) and Navshakti (Marathi). This intimation was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company further stated that the dispatch of the AGM notice to all members was completed on Thursday, August 27, 2026, in accordance with the Companies Act, 2013 and rules framed thereunder.

Adeshwar Meditex reported a significant contraction in financial performance for FY26, with revenue from operations falling 33% year-on-year to ₹5,610.38 lakh. Net profit after tax declined 39% to ₹126.49 lakh, reflecting broader operational headwinds in the medical consumables sector.

The company concluded its Board of Directors meeting on August 26, 2026, approving key governance changes including the appointment of M/s. Shankar Ramesh & Co. LLP as statutory auditors for five years (FY26-FY31). This replaces retiring auditor M/s. Rajesh H. Gupta & Co., who served during the period under review.

Financial Performance

Revenue from operations dropped from ₹8,371.31 lakh in FY25 to ₹5,610.38 lakh in FY26. Total expenses decreased proportionally to ₹5,437.57 lakh from ₹8,117.83 lakh in the previous year. Consequently, profit before tax fell to ₹183.19 lakh from ₹279.34 lakh.

Earnings per share (basic) stood at ₹0.88, down from ₹1.43 in FY25. The company did not declare any dividend for the year, aiming to conserve resources for future growth.

Governance Changes

Ms. Bhagyalaxmi Kavital was appointed as an additional Non-Executive Independent Director effective May 21, 2026, subject to shareholder approval at the upcoming AGM. Her profile highlights experience in managerial finance functions and AI applications in accounts.

Mr. Prithvi Singh resigned as a Non-Executive Director effective August 26, 2026. Additionally, M/s. Basude Makote & Saini resigned as internal auditors, replaced by M/s. Saini & Makote for FY27.

AGM Logistics

The 19th Annual General Meeting is scheduled for Wednesday, September 23, 2026, at 12:30 pm. The register of members will remain closed from September 17, 2026, to September 23, 2026. Mr. Deep Shukla was appointed as scrutinizer for the e-voting process.

What the Numbers Show

The decline in revenue was accompanied by a sharper drop in other income, which fell to ₹10.39 lakh from ₹25.86 lakh in FY25. This suggests reduced non-operating gains contributed to the overall profit compression, alongside lower operational scale. Working capital management improved significantly, with trade payables dropping to ₹482.54 lakh from ₹2,121.40 lakh, indicating better supplier payment cycles or reduced procurement volumes.