Shareholders of Maris Spinners approved the adoption of its audited financial statements for FY26 and re-appointed Managing Director T Raghuraman during its 47th Annual General Meeting held on August 20, 2026.

The meeting, conducted via video conferencing from Chennai, saw the passage of five resolutions with near-unanimous support. Shareholders also appointed M/s A. Gopala Iyengar as the company’s Cost Auditors for the upcoming fiscal year.

Governance and Leadership

The Board secured shareholder consent for the re-appointment of T Raghuraman as Managing Director for a three-year term from September 23, 2026, to September 22, 2029. The resolution passed as a special resolution.

His remuneration is structured in tiers:

The compensation package includes perquisites such as provident fund contributions, leave encashment, gratuity, and official vehicle use. In the absence of adequate profits, this amount serves as minimum remuneration.

Board Composition Changes

Two retiring directors were re-elected by rotation:

• Mrs. Ananthakumar Dhamayanthi (DIN 08461584)
• Mr. A Harigovind (DIN 06428975)

Both ordinary resolutions received overwhelming support, with over 99.9% of valid votes cast in favor.

Audit Appointments

M/s A. Gopala Iyengar, Cost Accountants (Registration No. 4915), was appointed as Cost Auditors for the financial year commencing April 1, 2026. They will audit cost records pertaining to the company’s manufacturing operations until the conclusion of the next AGM.

Voting Results

A total of 41 members attended the meeting. The voting outcomes for key resolutions were as follows:

The Chairman addressed queries from three shareholders during the session, with detailed responses to be communicated via email.

Maris Spinners Limited concluded its 47th Annual General Meeting (AGM) on August 20, 2026, with shareholders approving the company’s financial statements for the fiscal year ended March 31, 2026. The meeting, conducted via video conference and other audio-visual means, also witnessed the reappointment of key board members and the extension of the Managing Director’s tenure.

The AGM commenced at 10:00 am and concluded at 11:00 am. T Raghuraman, Managing Director, chaired the proceedings after being elected chairman by the members. The quorum was established with 41 shareholders attending the meeting out of a total shareholder base of 2,712 as on the cut-off date of August 13, 2026.

Key Resolutions Passed

Shareholders approved several ordinary and special resolutions during the meeting. The key outcomes included:

• Adoption of the Balance Sheet and Auditors’ Report for FY26.
• Reappointment of retiring directors Mrs Ananthakumar Dhamayanthi and Mr A Harigovind by rotation.
• Appointment of Mr A Gopala Iyengar as Cost Auditor for FY27.
• Reappointment of T Raghuraman as Managing Director for a period of three years from September 23, 2026, to September 22, 2029, along with the fixation of his remuneration.

Voting Results

The scrutinizer report confirms that all resolutions passed with overwhelming support. Remote e-voting remained open from August 17, 2026, at 9:00 am to August 19, 2026, at 5:00 pm. The e-voting facility was unlocked during the AGM on August 20, 2026, at 11:15 am.

The resolution to reappoint T Raghuraman as Managing Director required a special majority. It received 4,672,459 votes in favour against just 6 votes against, easily surpassing the threshold where votes in favour must be more than thrice the votes cast against.

Shareholder Participation

The meeting saw limited in-person attendance, with most participation occurring through digital channels. The breakdown of attendees is detailed below:

Three shareholders—Mr Bharat Raj, Mr Abhishek, and Mr Reddappa Gunduru—raised queries regarding the company’s business operations via video conference. The Chairman addressed these queries and stated that detailed responses would be emailed to the concerned shareholders.

Governance and Compliance

Mr V K Shankararamann, Practising Company Secretary, was appointed as the Scrutiniser to oversee the remote e-voting process held prior to the AGM and the voting conducted during the meeting. The Company Secretary informed members that the Board’s Report, Accounts for FY26, and the Notice convening the AGM were taken as read, having been circulated earlier. As there were no qualifications in the Audit Report, it was also taken as read without being presented verbally.

The voting results, along with the Scrutiniser’s Report dated August 21, 2026, have been submitted to the Bombay Stock Exchange and uploaded on the company’s website within 48 hours of the meeting’s conclusion, in compliance with Regulation 44(3) of the SEBI Listing Regulations and Section 108 of the Companies Act, 2013.