Futura Polyesters schedules 64th AGM on June 19

1 min read Updated on 02 Jun 2026, 07:06 PM

Reviewed by

Ashish TScanX News Team

AI Summary

Futura Polyesters Limited will hold its 64th Annual General Meeting on June 19, 2026, via video conferencing. Remote e-voting is open from June 16 to June 18 for shareholders registered as of June 12. The meeting will comply with the Companies Act, 2013 and SEBI Listing Regulations.

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Futura Polyesters Limited has scheduled its 64th Annual General Meeting for June 19, 2026, at 11:00 a.m. via video conferencing. The meeting will be conducted without physical presence in compliance with the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders holding shares as of June 12, 2026, are eligible to vote.

The company has dispatched the notice of the AGM to members on May 28, 2026. For shareholders without registered email addresses, a letter providing the web-link to access the notice and annual report has been sent. The facility for remote e-voting will be available from June 16, 2026, at 9:00 a.m. until June 18, 2026, at 5:00 p.m.

Members who have not cast their votes remotely may exercise their voting rights during the AGM by logging into the e-voting portal. However, those who have already voted remotely will not be entitled to vote again at the meeting. The results of the resolutions will be declared within 48 hours of the conclusion of the AGM.

Martinho Ferrao of M/s. Martinho Ferrao & Associates has been appointed as the Scrutinizer to oversee the voting process. The results and the Scrutinizer's Report will be published on the company's website and communicated to BSE Limited.

Event	Date	Time
AGM Date	June 19, 2026	11:00 a.m.
Remote E-voting Start	June 16, 2026	9:00 a.m.
Remote E-voting End	June 18, 2026	5:00 p.m.
Cut-off Date for Shareholding	June 12, 2026	-

Historical Stock Returns for Lakhotia Polyesters

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.26%	-4.94%	-19.94%	-10.77%	+61.06%	+639.54%

What are the key agenda items and resolutions likely to be proposed during the 64th AGM?

How might the continuation of a fully virtual format impact shareholder participation levels compared to physical meetings?

What strategic initiatives or financial guidance does the management plan to disclose for the upcoming fiscal year?

AGM Schedule and Key Dates

The meetings will be held sequentially to address the business for the following financial years:

Financial Year	AGM Number	Time (IST)
2019-20	59th AGM	10:30 a.m.
2020-21	60th AGM	11:15 a.m.
2021-22	61st AGM	12:00 p.m.
2022-23	62nd AGM	12:45 p.m.
2023-24	63rd AGM	2:15 p.m.

The deemed venue for all AGMs is the company's registered office at 212, Panchratna Building, Opera House, Charni Road (East), Mumbai – 400 004. The cut-off date for determining member eligibility for voting is Friday, May 22, 2026. Remote e-voting will commence on Tuesday, May 26, 2026, at 09:00 a.m. and conclude on Thursday, May 28, 2026, at 5:00 p.m. via the CDSL platform ( www.evotingindia.com ).

Voting and Scrutinizer Details

Members holding shares in physical or demat form as on the cut-off date are eligible to cast their votes. Those who have not voted via remote e-voting may exercise their rights during the AGMs by logging into the CDSL e-voting portal. Mr. Martinho Ferrao of M/s. Martinho Ferrao & Associates, Practicing Company Secretaries (Membership No: FCS 6221), has been appointed as the Scrutinizer to ensure a transparent voting process.

The results of the resolutions will be declared no later than 48 hours after the conclusion of the AGMs. The results, along with the Scrutinizer's Report, will be available on the company's website ( www.futurapolyesters.in ) and the CDSL website.

Business and Compliance Context

The notices for the AGMs were sent to members on May 7, 2026. The agenda for the respective years includes the adoption of audited financial statements and the re-appointment of directors and auditors where applicable. These meetings are part of the company's ongoing efforts to regularize compliance obligations following previous settlements and the restoration of its banking facilities.

Historical Stock Returns for Lakhotia Polyesters

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.26%	-4.94%	-19.94%	-10.77%	+61.06%	+639.54%

With the OTS fully discharged and banking facilities restored, what is Futura Polyesters' realistic timeline for getting its BSE trading suspension lifted and resuming normal equity market participation?

Given that 170.18 acres of the Chennai land have been disposed of with only 40.96 acres remaining, how will the company fund its ongoing compliance obligations and contingent liabilities of Rs. 16,601.38 Lacs once land sale proceeds are exhausted?

Now that secured bank dues are cleared, will the auditors be able to issue clean opinions for FY2023-24 and future financial years, or do legacy issues like unconfirmed bank balances and unprovided finance costs continue to pose qualification risks?