Marc Loire Fashions Limited held its 13th Annual General Meeting on September 29, 2026, approving key governance changes and financial statements for FY26. The company also outlined its expansion into offline retail with three operational stores established by March 31, 2026.

The meeting, conducted via video conferencing, saw shareholders adopt the audited financial statements for the year ended March 31, 2026. This included the balance sheet, statement of profit and loss, and cash flow statement, along with the reports from the Board of Directors and statutory auditors. The Chief Financial Officer confirmed that there were no qualifications or adverse remarks in the statutory auditor's report.

Governance updates and director appointments

Two special resolutions were passed to strengthen the board's independence. Shareholders approved the appointment of Saurav Gupta and Yamini Soni as independent directors. Additionally, Arvind Kamboj, who retired by rotation, was reappointed as a director in his place.

Strategic focus on omnichannel retail

During the address, Chairman Arvind Kamboj highlighted the company's strategic shift toward an omnichannel presence. He noted that Marc Loire Fashions entered the offline retail network during the financial year by opening its first multi-brand outlet. By March 31, 2026, the company had expanded this footprint to three operational stores.

The leadership emphasized a strategy to complement its existing online business with this new offline retail network. This move aims to diversify customer touchpoints and enhance brand visibility across physical locations.

Meeting proceedings and voting details

The AGM commenced at 11:30 am and concluded at 11:57 am. Remote e-voting facilities were available from September 25 to September 28, 2026. An additional e-voting window remained open for 15 minutes after the meeting for attendees who had not voted earlier. Statutory auditors M/s. S P M G & Company and secretarial auditors M/s. M R S & Associates were present virtually.

Marc Loire Fashions has fixed October 3, 2026, as the record date for its Extra-Ordinary General Meeting (EGM). The company will hold the meeting on October 10 to seek shareholder approval for increasing its authorised share capital to ₹20 crore.

The board approved the proposal on September 16, 2026. This intimation was issued pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Capital Increase Details

The board approved raising the authorised share capital from ₹8 crore (80 lakh equity shares of ₹10 face value each) to ₹20 crore (2 crore equity shares of ₹10 face value each). This involves creating 1.2 crore additional equity shares ranking pari-passu with existing shares.

The resolution requires shareholder consent under Section 61 of the Companies Act, 2013. The Memorandum of Association will be amended accordingly upon approval.

EGM Schedule and Logistics

The meeting will be held via video conferencing or other audio-visual means (VC/OAVM). Shareholders holding equity shares as of the record date are eligible to vote. Remote e-voting through National Securities Depository Limited (NSDL) will commence on October 6 and conclude on October 9.

The register of members and share transfer books will remain closed from October 4 to October 10, 2026. M/s MRS & Associates has been appointed as the scrutinizer for the voting process.

Voting Instructions

Individual shareholders holding securities in demat mode can vote via their depository participants (NSDL/CDSL) or directly through the NSDL e-voting portal. Physical shareholders must use their folio number and EVEN number for login. Proxy appointments are not available for this VC/OAVM meeting, though body corporates may appoint authorized representatives.

Questions from members should be sent to the company secretary at least 10 days before the meeting date. The explanatory statement confirms that no directors or key managerial personnel have a financial interest in the resolution.