Katare Spinning Mills has scheduled its 46th Annual General Meeting for Saturday, September 26, 2026. The company will facilitate electronic voting for shareholders ahead of the physical meeting.

Meeting and Voting Schedule

The register of members and share transfer books will remain closed from September 19, 2026, to September 26, 2026, inclusive. This closure is mandated under Section 91 of the Companies Act, 2013.

Shareholders can exercise their voting rights electronically as per the following timeline:

• E-voting commencement: Wednesday, September 23, 2026, at 9:00 am
• E-voting end: Friday, September 25, 2026, at 5:00 pm
• Record date: Friday, September 18, 2026

Voting through electronic means will not be permitted after 5:00 pm on September 25, 2026. The record date for determining entitlement to e-voting is set for September 18, 2026.

Regulatory Compliance

The company stated that the e-voting facility is provided in compliance with Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014. It also adheres to Regulation 42(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Katare Spinning Mills has proposed altering its Memorandum of Association to enter the Battery Energy Storage Systems (BESS) sector. The board approved the move on August 21, 2026, pending shareholder ratification.

The company aims to diversify beyond its core spinning operations by expanding into energy storage solutions. This strategic shift requires a special resolution from members at the ensuing general meeting.

Strategic Expansion into Energy Storage

The board authorized the addition of new main objects to enable manufacturing, assembly, and trading of BESS components. The scope includes lithium-ion battery cells, grid-scale storage systems, and micro-grid solutions.

Key activities under the proposal include:

• Manufacturing and designing battery packs and management systems
• Acting as an EPC contractor for captive power systems
• Providing energy management services for commercial and industrial clients
• Entering technical collaborations and joint ventures for technology transfer

The company stated this alteration provides flexibility to explore opportunities in the renewable energy sector. It does not immediately commence new business activities until regulatory approvals are obtained.

Auditor Appointment

The board appointed M/s. Hiremath Patil Udgiri and Associates as statutory auditors to fill a casual vacancy. The previous auditors, M/s. G M Pawle and Associates, resigned on August 13, 2026.

The new firm will hold office until the conclusion of the ensuing Annual General Meeting. The board also recommended their appointment for a five-year term commencing from the conclusion of the 46th AGM in 2026 until the 51st AGM in 2031.

Governance Details

None of the directors or promoters have a financial interest in the proposed MOA alteration beyond their shareholding. The change becomes effective upon member approval and filing with the Registrar of Companies.