Angel Fibers shareholders approved all agenda items at the company’s 13th Annual General Meeting on August 22, 2026. The e-voting results confirmed unanimous support for the adoption of FY26 financials and key governance resolutions.

The meeting was chaired by Whole-time Director Mr. Pankajbhai Becharbhai Bhimani. Managing Director Mr. Rohankumar Raiyani detailed factors behind the decline in profitability for the financial year ended March 31, 2026. Company Secretary Ms. Reena Jayantilal Kanabar reported on financial performance in the absence of CFO Mr. Ashish Desai.

Voting Results Overview

A total of 20,508,380 votes were polled out of 25,000,000 outstanding shares, representing an 82.03% participation rate. All votes cast were in favour of the respective resolutions, with zero votes against.

Promoter group shareholders voted on all their holdings. Among public non-institutional shareholders, approximately one-third participated in the e-voting process. No public institutional shareholders cast votes.

Key Resolutions Passed

Shareholders approved six ordinary resolutions and one special resolution. The board sought approval for material related-party transactions with three entities: Redeco Fibers Private Limited, Haripriya Spinning Mill Private Limited, and Murlidhar Worldtrade Private Limited.

For the three related-party transaction resolutions, promoter shares were excluded from the vote count as per regulatory requirements. The remaining public non-institutional shareholders voted unanimously in favour.

Governance and Audit

The Statutory Auditor’s Report for FY26 contained no qualifications or observations. M/s. SCS and Co LLP served as the Scrutinizer for votes cast via remote e-voting. Chairman Mr. Rameshkumar Jivrajbhai Ranipa and Independent Directors Mr. Rutvikkumar Prabhudas Bhensdadiya and Mr. Chandrakant Bhimjibhai Gopani were absent due to personal reasons.

Angel Fibers has approved the re-appointment of Rutvikkumar Prabhudas Bhensdadiya as an Independent Director for a second consecutive five-year term. The decision was taken by the Board of Directors during its meeting held on July 30, 2026, at the company’s registered office in Jamnagar, Gujarat. The re-appointment is effective from September 3, 2026, to September 2, 2031, subject to shareholder approval at the forthcoming Annual General Meeting (AGM).

The Board also approved the draft Directors’ Report for the financial year 2025-26 and scheduled the 13th AGM for August 22, 2026. The meeting will commence at 11:00 A.M. at the registered office located at Survey No. 100/1, Plot No.1, Haripar, Jamnagar. The company appointed National Securities Depository Limited (NSDL) as the remote e-voting agency and M/s. SCS and Co LLP as the scrutinizer for the e-voting process.

Director Profile and Terms

Rutvikkumar Prabhudas Bhensdadiya, who holds a Bachelor of Engineering degree in Chemical Engineering obtained in 2014, brings expertise in staff and general management from his background in the hotel business. He was initially appointed as an Independent Director on September 2, 2021. His new term will run for five consecutive years, following his first term.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No: SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023. The company confirmed that Mr. Bhensdadiya is not debarred from holding the office of director under any SEBI order and has no inter-se relationship with other directors.

Corporate Governance and Compliance

The Board meeting commenced at 6:15 P.M. and concluded at 7:30 P.M. on July 30, 2026. Alongside the director’s re-appointment, the Board considered and approved all other agenda items circulated prior to the meeting. The Notice of the 13th AGM and the Annual Report for FY25-26 will be submitted to the stock exchanges once dispatched to shareholders via email.

What This Means for Shareholders

Shareholders must approve the re-appointment of Mr. Bhensdadiya at the AGM scheduled for August 22, 2026. The company has established a schedule for remote e-voting, with specific cutoff, start, and end dates to be communicated alongside the AGM notice. The appointment strengthens the board’s independence, leveraging Mr. Bhensdadiya’s management and engineering expertise to guide corporate strategy.