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.

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, are scheduled to be 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.

Maris Spinners has appointed B M Shanmuga Priya as its Company Secretary cum Compliance Officer, effective September 1, 2026. The Board of Directors approved the appointment on August 7, 2026, following a recommendation from the Nomination and Remuneration Committee. This leadership change ensures continuity in regulatory compliance and corporate governance as the outgoing Company Secretary, N Sridharan, steps down due to health reasons.

The appointment was made pursuant to Section 203 of the Companies Act, 2013, and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Maris Spinners disclosed the change under Regulation 30 read with Schedule III – Para A (7C) of Part A of the SEBI LODR Regulations, along with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The intimation was submitted to the Bombay Stock Exchange on August 7, 2026.

N Sridharan, the existing Company Secretary, tendered his resignation citing health reasons and will be relieved from his duties on August 31, 2026. The transition period ensures no gap in compliance oversight for the textile manufacturer, which operates mills in Mysore and Trichy districts.

B M Shanmuga Priya, who holds Membership No. ACS 53050 with the Institute of Company Secretaries of India, brings more than 10 years of professional experience to the role. Her background includes six years of experience as a Practising Company Secretary (PCS) and an LLB qualification. Until recently, she was practising independently. Management stated that her expertise will benefit the company’s governance framework.

Key Appointment Details

Governance Implications

The appointment of a seasoned professional with both legal (LLB) and secretarial expertise strengthens Maris Spinners’ compliance infrastructure. With six years of prior public company secretarial experience, Priya is well-positioned to manage the regulatory requirements listed on the BSE. The seamless handover between August 31 and September 1 indicates planned continuity in statutory filings and board support functions.