Pasari Spinning Mills held its 35th Annual General Meeting on September 19, 2026. The virtual meeting concluded within 22 minutes after shareholders approved key resolutions via e-voting.

Meeting Proceedings

The meeting commenced at 11:00 am and ended at 11:22 am through video conferencing. Mr. Gauri Shankar Gupta chaired the proceedings in the absence of Chairman Mr. Kolagunda Kumar Siddappa. Seventy members attended, satisfying the quorum requirements under the Companies Act, 2013.

Key Resolutions

Shareholders voted on three primary items during the session:

• Adoption of the audited balance sheet as at March 31, 2026, along with the profit and loss account and cash flow statement.
• Reappointment of Mr. Kolagunda Kumar Siddappa as a director upon retirement by rotation.
• Reappointment of Mr. Byadarahally Lakshmaiah Pundareeka as an independent director for a second five-year term.

Governance and Voting

Mr. Vinay B L served as the scrutinizer for the voting process. Remote e-voting was open from September 14 to September 18, 2026. Members present at the virtual meeting could also vote electronically during the session or within 15 minutes of its conclusion. The Company Secretary confirmed that voting results would be submitted to the stock exchange within 48 hours.

Mr. Krishna Kumar Gupta, Managing Director, thanked the members for their participation before closing the meeting.

Pasari Spinning Mills has scheduled its 35th Annual General Meeting (AGM) for September 19, 2026. The company fixed September 11, 2026, as the record date for determining shareholder eligibility for remote e-voting.

The Board of Directors approved these dates during a meeting held on August 12, 2026. The Annual Report and AGM notice for the financial year ending March 31, 2026, were dispatched to shareholders on August 29, 2026. These documents are also available on the company’s website in the investor relations section.

Key Agenda Items

The primary business for the meeting involves the adoption of the audited financial statements for FY26. Shareholders will consider and adopt the Balance Sheet as of March 31, 2026, along with the Profit and Loss Account and Cash Flow Statement. These documents include the Board’s Report and the Auditors’ Report.

Director Re-Appointments

The meeting will address two director appointments:

• Kolagunda Kumar Siddappa: Retires by rotation and offers himself for re-appointment as a Director.
• Byadarahally Lakshmaiah Pundareeka: Proposed for re-appointment as an Independent Director for a second consecutive term of five years.

Mr. Pundareeka’s new term will commence on September 20, 2026, and conclude on September 19, 2031. The Nomination and Remuneration Committee recommended his re-appointment based on his performance evaluation and professional expertise in engineering.

Voting and Participation Details

Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). The voting window opens on September 14, 2026, at 9:00 am and closes on September 18, 2026, at 5:00 pm.

Shareholders must hold shares as of the record date to participate. The facility to appoint proxies is not available for this meeting, though body corporates may appoint authorized representatives. Participants are advised to use stable internet connections to avoid technical issues during the virtual session.