Angel Fibers has recorded the cessation of Mr. Chandrakant Bhimjibhai Gopani as an Independent Director following the completion of his tenure. The Board of Directors formally noted this change during its meeting held on Thursday, September 17, 2026. The cessation became effective on September 2, 2026.

The board meeting took place at the company's registered office in Jamnagar, Gujarat. It commenced at 11:00 am and concluded at 11:30 am. The agenda included noting the director's exit and discussing other items as decided by the board.

Key Details

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific details regarding the change in board composition are outlined below:

Rohankumar Raiyani, Managing Director of Angel Fibers, signed the disclosure. The company cited SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 regarding the required annexure details.

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.