Omnitex Industries shareholders approve FY26 results and MD appointment
- Shareholders approved audited financial statements for FY26 with 99.9998% support
- Shyam Brahamadatt Bagrodia appointed as Managing Director for a fixed term of 5 years
- M/s. Vora & Associates appointed as statutory auditor for five years from FY27
- Promoter group cast 100% of their polled votes in favour of all resolutions
*this image is generated using AI for illustrative purposes only.
Omnitex Industries (India) Limited adopted its audited financial statements for the fiscal year ended March 31, 2026, during the 40th Annual General Meeting (AGM) held on September 30, 2026. The meeting also saw the appointment of Shyam Brahamadatt Bagrodia as the company's Managing Director for a fixed term of five years.
The AGM was conducted through Video Conferencing/Other Audio-Visual means in compliance with Ministry of Corporate Affairs and SEBI circulars. The proceedings commenced at 3:07 pm and concluded at 3:24 pm, chaired by Bhavik Shah, Chairperson of the Board.
Key resolutions passed
Shareholders considered and approved several items of business, categorized into ordinary and special business. The adoption of the financial statements included the reports of the Board of Directors and the Auditors.
Ordinary Business
- Adoption of Financial Statements: Members approved the audited financial statements for FY26.
- Director Re-appointment: Neeraj Gupta was re-appointed as Director, replacing himself as he retired by rotation and offered himself for re-appointment.
Special Business
- Managing Director Appointment: Shyam Brahamadatt Bagrodia was appointed as Managing Director for a fixed term of five years.
- Auditor Appointment: The members approved the appointment of M/s. Vora & Associates, Chartered Accountants (Firm Registration No. 111612W) as Statutory Auditor for a term of five consecutive years starting from FY27.
Voting results and compliance details
Remote e-voting commenced at 9:00 am on September 27, 2026, and concluded at 5:00 pm on September 29, 2026. National Securities Depository Limited (NSDL) provided the remote e-voting facility, with Jenish S. Doshi of M/s JSD & Associates appointed as the scrutinizer. Results were disseminated to stock exchanges and uploaded on the NSDL website.
Clarifications regarding the agenda items were provided by Shyam Bagrodia, Director of the company, to queries raised by members during the meeting.
Scrutinizer report highlights
The combined scrutinizer's report dated October 1, 2026, confirmed that all resolutions were passed with requisite majority. A total of 24 members cast their votes via the e-voting platform, while no member voted through e-voting during the AGM itself.
For all four resolutions, including the appointment of the Managing Director and the Statutory Auditor, the voting pattern showed overwhelming support:
| Resolution | Votes in Favour | Votes Against | % in Favour |
|---|---|---|---|
| Adoption of Financial Statements | 2,535,543 | 4 | 99.9998% |
| Re-appointment of Neeraj Gupta | 2,535,543 | 4 | 99.9998% |
| Appointment of Shyam Bagrodia as MD | 2,535,543 | 4 | 99.9998% |
| Appointment of Vora & Associates as Auditor | 2,535,543 | 4 | 99.9998% |
Promoter and Promoter Group held 1,595,275 shares and polled 1,435,612 votes, casting 100% in favour across all resolutions. Public Non-Institutional shareholders held 2,608,825 shares and polled 1,099,935 votes, with 4 votes cast against each resolution.
Historical Stock Returns for Omnitex Industries India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.22% | -3.06% | -0.84% | -13.33% | +37.86% | +3,271.17% |
How might the five-year tenure of new Managing Director Shyam Brahamadatt Bagrodia influence Omnitex Industries' long-term strategic direction and operational efficiency?
What specific financial or operational improvements can shareholders expect from the newly appointed statutory auditor, M/s. Vora & Associates, starting in FY27?
Given the extremely low public participation in voting, how might Omnitex Industries address potential concerns regarding corporate governance and minority shareholder engagement in future meetings?
17
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
