Harish Textile Engineers Limited settled a customs liability by paying ₹21,981 to the Assistant Commissioner of Customs (Export) in Mumbai. The payment, made on September 24, 2026, complies with an Order-in-Original and closes the matter.

The company disclosed the settlement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order originated from the Air Cargo Complex in Mumbai, referencing file number F No. CUS/DBK/MISC/5774/2022-23 DBK (XOS).

Settlement details

The regulatory filing confirms that the specific violation or contravention was resolved through the full payment of the assessed amount. The company stated that the matter stands complied with and closed following the transaction.

The disclosure references an earlier intimation dated February 19, 2024, indicating the proceedings had been ongoing prior to this final settlement. The Managing Director, Sandeep Gandhi, signed the digital submission confirming the compliance.

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.