Axita Cotton Limited concluded its 13th Annual General Meeting (AGM) on September 30, 2026, with shareholders approving six resolutions, including the appointment of new statutory auditors and the re-appointment of an independent director.

The meeting, conducted via Video Conferencing / Other Audio Visual Means (VC/OAVM), was chaired by Nitinbhai Govindbhai Patel, Chairman cum Managing Director. The proceedings covered ordinary business such as the adoption of standalone financial statements for FY26 and the declaration of a final dividend, alongside special business items.

Auditor Appointment and Directorial Changes

A significant resolution involved the appointment of M/s. DTA & Associates, Chartered Accountants, as the Statutory Auditors of the company. This appointment fills the casual vacancy arising from the resignation of M/s. P K N & Co., Chartered Accountants. DTA & Associates will serve for a term of five consecutive years, from the conclusion of this AGM until the conclusion of the 18th AGM in 2031.

Shareholders also approved the re-appointment of Nitinbhai Govindbhai Patel, who retired by rotation, as Managing Director. Additionally, Vinod Kanubhai Rana was re-appointed as an Independent Director for a second term of five years, effective February 22, 2027, to February 21, 2032.

Financial Performance Overview

During the meeting, Harsh Kalpeshbhai Shah, Chief Financial Officer, provided a brief overview of the company's financial performance for FY26 and shared updates on the current financial year, FY27. Kushal Nitinbhai Patel, Managing Director, outlined events during FY26 and highlighted prospects for FY27. The company noted that the 13th Annual Report, including Board of Directors' Report and BRSR, had been circulated electronically to shareholders prior to the meeting.

Resolutions Passed

The following resolutions were transacted via remote e-voting and e-voting during the meeting:

The company reported no shareholder requests to speak or queries received before the cut-off date of September 23, 2026. Shyamsunder Panchal, Company Secretary and Compliance Officer, reminded shareholders to update their KYC details to ensure uninterrupted receipt of corporate benefits.

Axita Cotton has fixed September 11, 2026 as the record date to determine shareholder eligibility for its final dividend of ₹0.05 per equity share for FY26. The Company Secretary confirmed the date in a filing dated September 5, 2026, pursuant to SEBI Listing Regulations. The company recently re-submitted this disclosure under the correct "Corporate Action" category after an inadvertent filing error.

The Board of Directors had previously recommended this payout at a 13th Annual General Meeting scheduled for September 30, 2026. The dividend amount is subject to final approval by shareholders at the meeting. If declared, the payout will be made after September 30, 2026, subject to applicable tax deductions at source.

Governance Changes

The company seeks to fill a casual vacancy in the office of the statutory auditor. M/s. P K N & Co., Chartered Accountants, resigned on August 12, 2026. Shareholders will vote to appoint M/s. DTA & Associates as the new statutory auditors for a five-year term from FY27 to FY31.

The proposed annual remuneration for the new auditors is ₹6 lakh plus taxes and out-of-pocket expenses. The explanatory statement notes there is no upward revision in fees compared to the outgoing auditors.

Director Appointments

Mr. Nitinbhai Govindbhai Patel, Chairman and Managing Director, retires by rotation and seeks re-appointment. He holds over 10 crore equity shares in the company.

Additionally, shareholders will consider a special resolution for the re-appointment of Mr. Vinod Kanubhai Rana as an Independent Director for a second term of five years, effective from February 22, 2027.

Cost Audit Ratification

The meeting will also ratify the remuneration of M/s. Reena Patadiya & Co. as cost auditors for FY27. The approved fee is ₹35,000 plus applicable taxes and reimbursement of actual out-of-pocket expenses.