H.P. Cotton Textile Mills Limited has closed the trading window for dealing in its securities effective October 1, 2026. The closure will remain in force until 48 hours after the declaration of the company's unaudited financial results for the quarter and half year ending September 30, 2026.

Regulatory Compliance and Timeline

The decision was taken pursuant to the company's Code of Conduct for Prevention of Insider Trading, adopted under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The restriction applies to Designated Persons and their immediate relatives. This measure ensures compliance with regulatory standards regarding the handling of unpublished price-sensitive information during the critical period preceding the release of quarterly earnings.

Scope of Restriction

The trading window closure specifically targets individuals with access to sensitive financial data. By restricting trading activities, the company aims to prevent potential insider trading violations. The window remains shut for the duration specified, ensuring a level playing field for all market participants until the financial results are made public.

HP Cotton Textile Mills shareholders approved all five resolutions at its 45th Annual General Meeting held on September 18, 2026. The promoter group cast votes in favor representing 95.83% of their outstanding shares.

The meeting was conducted via Video Conferencing and Other Audio-Visual Means, deemed held at the registered office in Hisar, Haryana. Remote e-voting was open from September 15 to September 17, 2026. Scrutinizer Mukesh Siroya confirmed that all resolutions passed with the requisite majority.

Voting participation

A total of 2,667 shareholders were on record as of the cut-off date. Participation from the public non-institutional segment remained minimal, with only 437 votes polled against a holding of 13,76,696 shares (0.03% turnout). In contrast, the promoter group, holding 25,45,304 shares, polled 24,39,238 votes.

Resolutions passed

Five resolutions were placed before members: three ordinary and two special businesses. All received overwhelming support, with only one vote cast against across all items.

Director profiles and terms

The AGM specifically addressed the re-appointment of key board members. Mr. Raghavkumar Agarwal (DIN: 02836610), son of Chairman Kailash Kumar Agarwal, was re-appointed as a director retiring by rotation. He serves as Executive Director, CEO, and CFO, bringing over two decades of textile industry experience and a Bachelor's Degree in Management Science from Warwick Business School.

Mr. Vikram Sumatilal Sheth (DIN: 03349632) was re-appointed as an Independent Director for a second term of five consecutive years. His new term is effective from April 30, 2027, till April 29, 2032. Mr. Sheth holds a Bachelor's degree in Engineering from University of Mumbai and an MMS from NMIMS. He has over three decades of experience in financial services, having assisted corporates in raising funds exceeding USD 3 billion through equity and debt instruments during his tenures at ICICI Securities, Edelweiss, Religare, and NAFA Sustainable Finance Pvt Ltd.

Board and key attendees

The meeting was chaired by Kailash Kumar Agarwal, Chairman and Managing Director. The following directors, auditors, and officers were present:

E-voting and procedural details

The company provided remote e-voting through Central Depository Services (India) Limited to all members holding shares as on the cut-off date of September 11, 2026. Remote e-voting was open from September 15, 2026 at 9:00 am to September 17, 2026 at 5:00 pm. An additional e-voting window was made available during the AGM for members who had not cast their votes earlier. Pursuant to Section 107 of the Companies Act, 2013, no voting by show of hands was conducted.

The Company Secretary informed members that the statutory registers and relevant documents referenced in the notice were available for inspection. The Chairman briefed members on salient operating results and significant developments for the financial year 2025-26, as well as the financial performance for the quarter ended June 2026. The Statutory Auditor M/s D. Kothary and Co. and Secretarial Auditor Tarun Jain expressed unqualified opinions in their respective audit reports for financial year 2025-26.

Speaker shareholders who had registered to raise queries were invited to participate, and the management addressed their clarifications. Members expressed satisfaction on the company's performance. The meeting concluded at 1:16 pm, including time allowed for e-voting at the AGM.