Meera Industries schedules AGM to appoint Het Desai as executive director
- Meera Industries schedules its 20th AGM for September 29, 2026, via video conferencing
- Shareholders to approve Het Desai as executive director with ₹12 lakh annual pay
- Ms. Kenny Desai seeks re-appointment as director retiring by rotation
- M/s. M R Bombaywala & Co. proposed as statutory auditor for five years
*this image is generated using AI for illustrative purposes only.
Meera Industries has scheduled its 20th annual general meeting for September 29, 2026. The Surat-based textile firm will conduct the meeting via video conferencing.
The company also confirmed the appointment of Het Desai as additional director designated as executive director, effective August 31, 2026. This follows the resignation of Mayank Desai as non-independent non-executive director on the same date.
AGM Schedule and E-Voting
The 20th AGM is scheduled for Tuesday, September 29, 2026, at 11:00 am through Video Conferencing/Other Audio Visual Means. The deemed venue is the registered office at 2126, Road No. 2, GIDC, Sachin, Surat – 394230.
Remote e-voting will commence on Saturday, September 26, 2026, at 9:00 am and end on Monday, September 28, 2026, at 5:00 pm. The cut-off date for e-voting eligibility is Tuesday, September 22, 2026.
The register of members and share transfer books will remain closed from September 22, 2026, to September 29, 2026, inclusive. The board approved the revised draft notice of AGM and board’s report for FY26.
| Particulars | Details |
|---|---|
| AGM Date | September 29, 2026 |
| Time | 11:00 am (IST) |
| Mode | Video Conferencing/OAVM |
| E-Voting Cut-Off | September 22, 2026 |
| E-Voting Period | September 26 – September 28, 2026 |
Director Changes
Het Desai, who holds a B.S. in Robotics Engineering Technology from Purdue University, will serve a five-year term until August 30, 2031, subject to shareholder approval at the upcoming AGM. His annual remuneration for FY27 is set at ₹12,00,000.
Mayank Desai stepped down as non-independent non-executive director effective close of business on August 31, 2026, to pursue career opportunities outside the organization. Consequently, the company recommended the re-appointment of Ms. Kenny Desai, who retires by rotation, replacing the earlier recommendation for Mr. Mayank Desai.
Auditor Appointment
The board has recommended the appointment of M/s. M R Bombaywala & Co., Chartered Accountants, as the statutory auditors for five consecutive years, commencing from the conclusion of the 20th AGM. The proposed remuneration for FY27 is ₹2,25,000 per annum plus applicable taxes.
Historical Stock Returns for Meera Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.31% | +7.43% | -15.55% | -28.27% | -15.09% | -30.69% |
How might Het Desai's background in Robotics Engineering Technology influence Meera Industries' strategy for digital transformation or automation in its textile manufacturing processes?
What impact could the five-year tenure of the newly appointed statutory auditors have on the company's financial reporting consistency and investor confidence?
Will the leadership transition from Mayank Desai to Het Desai signal a shift in the company's operational focus or corporate governance structure?
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