Campus Activewear Limited passed all eight resolutions at its 18th Annual General Meeting on August 20, 2026. Shareholders approved the final dividend for FY26 and reappointed key directors.

The meeting, held via video conferencing, saw a high participation rate with 87.26% of outstanding shares polled. While promoter support was unanimous across all items, the resolution to modify the Employee Stock Option Plan (ESOP) faced notable resistance from public institutional investors.

Governance and Board Appointments

Shareholders reappointed Mr. Nikhil Aggarwal as Whole-time Director and CEO after he retired by rotation. Four non-executive independent directors were also reappointed via special resolutions:

• Mr. Anil Kumar Chanana, Chairman of the Audit Committee
• Mr. Jai Kumar Garg, Chairperson of the Stakeholders' Relationship Committee
• Mrs. Madhumita Ganguli, Chairperson of the Corporate Social Responsibility Committee
• Mr. Nitin Savara, Chairman of the Nomination and Remuneration Committee

Mr. Hari Krishan Aggarwal, Chairman and Managing Director, addressed the members. Ms. Archana Maini, General Counsel and Company Secretary, facilitated the proceedings. M/s B S R and Co served as statutory auditors, while M/s ATG & Co acted as secretarial auditors.

Voting Results Overview

Remote e-voting was open from August 17 to August 19, 2026. An additional 30-minute window was available during the meeting. Mr. Mukul Tyagi of ATG & Co served as the scrutinizer. All resolutions were passed with the requisite majority.

Divergence in ESOP Voting

The resolution to modify the Campus Activewear Limited Employee Stock Option Plan 2021 – Vision Pool revealed a split in shareholder sentiment. While promoters voted unanimously in favor, public institutional investors opposed the measure significantly.

Among public institutions, only 8.51% of votes cast were in favor, with 91.49% voting against. In contrast, public non-institutional investors supported the resolution with 99.16% approval. This divergence highlights distinct views between institutional and retail shareholders on the proposed changes to the employee compensation structure.

For Nikhil Aggarwal’s reappointment, his own votes were excluded from the calculation as per regulatory norms, though the resolution still passed with overwhelming support.

Campus Activewear Limited has appointed Rakesh Thakur as Chief Financial Officer and Key Managerial Personnel with immediate effect. The Board of Directors approved the appointment on August 17, 2026, following recommendations from the Nomination & Remuneration Committee and the Audit Committee.

Thakur joins the company with over 22 years of professional experience across leading consumer and multinational organizations. Prior to this role, he served as Group Chief Financial Officer at Imagine Marketing Limited (boAt), where he contributed to profitable growth, EBITDA improvement, and strengthened cash and working capital management ahead of the company's public market journey.

Professional background

Thakur's career includes senior leadership positions at Hindustan Unilever Limited, GlaxoSmithKline Consumer Healthcare, Samsung India, and PepsiCo. His experience spans P&L management of listed entities, business finance, controllership, supply chain finance, governance, transformation, and M&A integration.

He holds a Commerce degree from the University of Delhi and is a qualified Chartered Accountant. His professional accolades include the Unilever Global Recognition for the GSK-HUL Virtual Merger and the GSK Innovation Excellence Award.

Regulatory disclosures

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board authorized specific KMPs to determine materiality for stock exchange disclosures. The authorized personnel are as follows:

The detailed disclosure under Schedule III read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is available on the company website.