Mahaalaxmi Texpro Limited passed all six resolutions proposed at its 33rd Annual General Meeting held on September 30, 2026. The meeting, conducted via video conferencing, addressed the adoption of FY26 financial statements and key board appointments.

The company filed the consolidated scrutinizer report pursuant to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results confirmed that all ordinary and special business items received the requisite majority of votes.

Key agenda items resolved

The shareholders considered six agenda items, ranging from ordinary business to special resolutions. Notable approvals included the reappointment of Deepak Chaganlal Choudhari as Managing Director and the appointment of Prathamesh Mukund Gaikwad as a Non-Executive Independent Director. Additionally, shareholders approved the re-appointment of Madhubala D. Choudhari as a Non-Independent Non-Executive Director retiring by rotation.

Auditor re-appointment details

Shareholders approved the re-appointment of M/s ARNA & Associates, Chartered Accountants, as Statutory Auditors for a further term of five years, commencing from the conclusion of this AGM until the conclusion of the 38th AGM. This decision follows the completion of their initial five-year term.

The proposed statutory audit fee is set at ₹1,10,000 plus taxes, subject to annual revision by the Board. The company disclosed that there are no material changes in the fees payable to the statutory auditor compared to the previous term.

Board profiles and relationships

The new and re-appointed directors bring distinct expertise to the board. Mr. Gaikwad, appointed as a Non-Executive Independent Director effective August 14, 2026, is a technology professional with over eight years of experience in the fintech ecosystem, including Supply Chain Finance and Digital Lending. He holds no shareholding in the company.

Mr. Deepak Choudhari, re-appointed as Managing Director effective March 15, 2027, holds a commerce degree and has over 25 years of experience in Yarn Manufacturing and Fabric Processing. Mrs. Madhubala Choudhari, re-appointed as Non-Independent Non-Executive Director, possesses over 12 years of experience in the textile sector.

The disclosures confirm that Mr. Choudhari and Mrs. Choudhari are spouses. Mr. Gaikwad has no inter-se relationship with other board members or Key Managerial Personnel.

Voting details and shareholding context

The voting process was scrutinized by Shrenik Nagaonkar & Associates. The report highlighted that the company was under liquidation pursuant to an NCLT order dated March 11, 2019. The NCLT subsequently approved the sale of the company to Mahaalaxmi Textile as a going concern via a sale certificate dated March 11, 2024.

Due to pending corporate actions at the Registrar of Companies and depositories, the voting was conducted based on the revised shareholding pattern approved by the Board on May 25, 2024. This pattern reflects the cancellation of shares held by previous promoters and a reduction in public holding.

The scrutinizer noted that valid votes were counted only for members whose names appeared in the register of members submitted by the RTA to stock exchanges, given that depository databases had not yet been updated for these corporate actions.

Governance and audit updates

The meeting was attended by 27 shareholders via video conferencing. The Chairman acknowledged the presence of statutory auditor CA Rahul Agnihotri of M/s. ARNA & Associates, internal auditor CA Niles Kothari, and secretarial auditor CS Shrenik Nagaonkar.

Company Secretary Nasima Kagadi read out the qualifications in the Secretarial Audit Report for the year ended March 31, 2026, along with the Board's reply. The notice for the meeting was issued on September 1, 2026, and disseminated via email and newspaper publications in English and Marathi.

Remote e-voting was open from September 27, 2026, to September 29, 2026. The combined result showed that all resolutions were passed unanimously among the valid votes cast, with negligible opposition recorded across all items.

Mahaalaxmi Texpro Limited has opened remote e-voting for its 33rd Annual General Meeting scheduled for September 30, 2026. The voting window runs from September 27 to September 29, allowing shareholders to participate in key corporate decisions without physical presence.

The company confirmed the event date in a regulatory filing submitted to the Bombay Stock Exchange and the National Stock Exchange. The notice was published in newspapers on September 6, 2026, complying with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

E-Voting Schedule

The company has entered into an agreement with National Securities Depository Limited (NSDL) to facilitate the voting process. The specific timeline for the e-voting facility is as follows:

Only members whose names appear in the register of members or the register of beneficial owners maintained by depositories as on the cut-off date of September 23, 2026, are entitled to vote. A shareholder may participate in the general meeting even after casting their vote remotely but cannot vote again during the session.

Participation and Access

Shareholders holding shares in demat form must register their email addresses with their respective Depository Participants. Those with physical shares should provide email details to the Registrar and Transfer Agent, MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited).

Individuals who acquired shares after the dispatch of the AGM notice but hold shares as of the cut-off date can obtain login credentials by emailing mumbai@in.mpms.mufg.com . Existing users registered with NSDL for remote e-voting can use their current user ID and password.

Regulatory Compliance and Documents

The notice of the AGM and the Annual Report for the financial year ended March 31, 2026, will be sent electronically to registered members. Hard copies will not be dispatched, adhering to circulars from the Ministry of Corporate Affairs and SEBI. Documents are also available on the company website and exchange portals.