Harish Textile Engineers will hold its 16th Annual General Meeting (AGM) on September 30, 2026, at 11:00 am. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM), in compliance with Ministry of Corporate Affairs circulars.

The board fixed September 23, 2026, as the record date during its meeting on September 4, 2026. National Securities Depository Limited (NSDL) will provide e-voting services, which open on September 25, 2026, at 9:00 am and close on September 29, 2026, at 5:00 pm.

Governance and Appointments

The board recommended the re-appointment of Mr. Sunil Narayan Bhirud as Executive Director. He retires by rotation and offers himself for re-appointment subject to member approval. The company confirmed he is not debarred from holding office by any regulatory authority.

In a significant compliance update, the board accepted the resignation of M/s. D N Vora & Associates as Secretarial Auditor. It appointed CS Khushal Bherulal Bajaj as the new Secretarial Auditor for a five-year term from FY27 to FY31. His remuneration requires member approval.

CS Khushal Bherulal Bajaj, an Associate Member of The Institute of Company Secretaries of India (ICSI), brings over 10 years of professional experience in Company Law, SEBI regulations, and corporate governance. He holds Membership No. ACS 49466, COP No. 18087, and Peer Review No. 2453/2022.

Shareholder Logistics

The Register of Members and Share Transfer Books will remain closed from September 24 to September 30, 2026. M/s. D N Vora & Associates has been appointed as the Scrutinizer for the e-voting process to ensure fairness and transparency. Institutional shareholders must submit scanned copies of Board Resolutions authorizing their representatives to vote.

Other Approvals

The board approved the 16th Annual Report for FY26. It also ratified remuneration for the Cost Auditor for FY27 and approved material related-party transactions for FY27, including those with a proposed wholly-owned subsidiary. The Chief Financial Officer’s remuneration was revised.

Key Resolutions for Shareholder Approval

The proposed subsidiary is intended to manufacture technical textiles and man-made fibres. Transactions with this entity are capped at ₹25 crore for FY27. The CFO’s revised maximum consolidated remuneration is set at ₹2,50,000 per month, inclusive of all allowances and benefits.

The National Company Law Tribunal (NCLT) in Mumbai has dismissed a creditor petition against Harish Textile Engineers Ltd following a settlement of outstanding operational dues.

The tribunal allowed the withdrawal of C.P. (IB) No. 671/2025, filed by M/s. Kamlesh Corporation under Section 9 of the Insolvency and Bankruptcy Code, 2016. The order was passed on September 1, 2026, based on consent terms agreed upon by both parties on August 19, 2026.

Settlement Details

The NCLT recorded that the outstanding amount, including further interest, has been settled pursuant to the consent terms. The settlement amount is payable in instalments as agreed between the parties, after adjusting the upfront amount received.

Legal Implications

The tribunal granted liberty to the applicant to re-agitate the matter in case of any default in complying with the consent terms. The company stated there is no further material impact on its financial or operational activities at this stage, subject to compliance with the settlement terms.

Harish Textile Engineers Limited disclosed the development on September 5, 2026, pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.