Meyer Apparel Limited held its 33rd Annual General Meeting (AGM) on July 09, 2026, through video conferencing, approving all six resolutions including the adoption of audited standalone financial statements for FY26. The company reported a narrowed net loss of ₹78.80 lakhs for the financial year ended March 31, 2026, compared to a net loss of ₹106.88 lakhs in the previous year. Gross revenue from operations decreased to ₹8.70 lakhs from ₹120.25 lakhs in the preceding financial year, as the board continues to focus on sustaining operations and exploring avenues like e-commerce.

Resolutions Passed

Shareholders approved the re-appointment of Mr. Pawan Kakra as Non-Executive Director and Mr. Gajender Kumar Sharma as Whole Time Director. Special resolutions were passed to increase the company's borrowing limits and to avail inter-corporate loans or loans from promoters and directors. Approval for related party transactions was also granted. The remote e-voting facility was available from July 05, 2026, to July 08, 2026.

Voting Results

The scrutinizer's report confirmed that all resolutions were passed with the requisite majority. A total of 60,441,178 votes were polled on the outstanding shares, representing 75.08% of the total shares.

Operational Outlook

Chairman Mr. Pawan Kakra addressed the shareholders, emphasizing the company's commitment to financial prudence and corporate governance. While the retail garments business continues to generate revenue, the directors did not recommend any dividend for the financial year ended March 31, 2026. The meeting concluded with the announcement that all business items were duly addressed.

Meyer Apparel Limited reported a net loss of ₹78.80 lakh for the financial year ended March 31, 2026, a reduction from the loss of ₹106.78 lakh in the previous year. Revenue from operations stood at ₹8.70 lakh, significantly lower than the ₹120.25 lakh recorded in the previous year. The company's net worth has been eroded by accumulated losses, and current liabilities exceed current assets, raising material uncertainty about the company's ability to continue as a going concern.

The company will hold its 33rd Annual General Meeting (AGM) on Thursday, July 9, 2026, at 12:30 PM IST through video conferencing. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM) in compliance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The company has fixed Friday, July 3, 2026, as the cut-off date to determine the members eligible to vote on the resolutions set out in the Notice of the AGM.

Agenda for the Meeting

The AGM will transact the following businesses:

Ordinary Business:

• Adoption of audited financial statements for the year ended March 31, 2026.
• Re-appointment of Mr. Pawan Kakra as Non-Executive Director, liable to retire by rotation.

Special Business:

• Re-appointment of Mr. Gajender Kumar Sharma as Whole-Time Director and Chief Financial Officer.
• Approval for increasing the borrowing limits of the company up to an aggregate amount of ₹2.75 crore.
• Approval for availing inter-corporate loans or loans from promoters and directors up to ₹2.75 crore.
• Approval of related party transactions up to ₹2.75 crore per financial year.

Financial Performance

The Register of Members and Share Transfer Books will remain closed from July 4, 2026, to July 9, 2026, for the purpose of determining the eligibility of members to attend and vote at the AGM. Shareholders whose names appear in the Register of Members or Beneficial Owners as on the record date are eligible to participate. Remote e-voting facilities will be available from Sunday, July 5, 2026, at 9:00 A.M. to Wednesday, July 8, 2026, at 5:00 P.M. The remote e-voting module will be disabled thereafter, except for voting during the AGM via the NSDL e-voting system.