Gujarat Raffia Industries Limited concluded its 40th Annual General Meeting on September 29, 2026, at its registered office in Gandhinagar. The meeting focused on the adoption of financial statements for FY26 and the appointment of a new statutory auditor.

The proceedings were chaired by Pradeep Kumar Bhutoria, Managing Director of the company. The meeting commenced at 2:00 pm and concluded at 3:50 pm. Members participated through physical presence at the common venue, in compliance with Ministry of Corporate Affairs and SEBI circulars.

Key Agenda Items Transacted

The shareholders addressed three primary resolutions during the meeting:

1. Adoption of the audited financial statements as at March 31, 2026, including the balance sheet, profit and loss statement, and reports of the directors and auditors.
2. Re-appointment of Mrs. Abhishek Pradeep Bhutoria (DIN: 07263523) as a director, who retired by rotation and offered herself for re-appointment.
3. Appointment of M/s MAPPS&Co as the statutory auditor of the company.

Voting and Compliance Details

The company provided facilities for remote e-voting prior to the AGM and voting at the meeting itself. The cut-off date for e-voting was September 18, 2026. Remote e-voting commenced on September 24, 2026, and concluded on September 28, 2026.

Mr. Himanshu Maheshwari, Practicing Company Secretary, served as the scrutinizer for the voting process. The consolidated results of the remote e-voting and e-voting at the AGM were scheduled for announcement within 48 hours of the meeting's conclusion. These results will be disseminated to stock exchanges and posted on the company website.

Auditor and Statutory Reports

The statutory auditors and secretarial auditor were present at the meeting. The notice convening the AGM was taken as read with member consent. As there were no qualifications in the audit report, it was not required to be read aloud. However, observations mentioned in the secretarial audit report were read and responded to by the company secretary.

Registers and other relevant documents mentioned in the notice were kept open for inspection during the meeting. The chairman apprised members regarding the company's performance for FY26. Questions and requests for clarifications from members were addressed during a dedicated Q&A session before the final voting window was opened.

Gujarat Raffia Industries has appointed M/s. MAPPS & Co., Chartered Accountants, as its statutory auditor for a term of five years. The Board of Directors approved the appointment on September 7, 2026, subject to ratification by shareholders at the upcoming Annual General Meeting.

The appointment follows the completion of the tenure of the previous statutory auditor. The new term begins after the conclusion of the 40th AGM and ends after the 44th AGM, in compliance with the Companies Act, 2013, and SEBI Listing Regulations.

Auditor Appointment Details

The Board resolved to appoint M/s. MAPPS & Co. (Firm Registration No. 107706W) based on their specialization in accounting, corporate laws, taxation, and risk management. The appointment is effective from September 7, 2026, pending shareholder approval.

AGM Schedule

The 40th Annual General Meeting is scheduled for Tuesday, September 29, 2026, at 2:00 pm at the company’s registered office in Santej, Gujarat. Shareholders can participate via remote e-voting facilities provided by National Securities Depository Limited (NSDL).

Key agenda items include:

• Adoption of Audited Financial Statements for the year ended March 31, 2026
• Re-appointment of Mr. Abhishek Bhutoria (DIN: 07263523), who retires by rotation
• Ratification of the statutory auditor appointment

Remote e-voting will be available from September 24, 2026, to September 28, 2026. The record date for voting eligibility is September 18, 2026.