Pashupati Cotspin held its ninth Annual General Meeting on September 30, 2026, where shareholders adopted the audited financial statements for the fiscal year ended March 31, 2026, and approved a final dividend of ₹0.05 per equity share.

The meeting, chaired by Managing Director Saurin Jagadishbhai Parikh, commenced at 4:00 pm and concluded at 4:45 pm at the company's registered office in Kadi, Gujarat. The board recommended a dividend of five paisa per share on the paid-up equity share capital of ₹1 each, representing a 5% payout rate.

Governance and appointments

Shareholders ratified the remuneration of the cost auditor and approved the appointment of M/S. Nisarg Sharma & Associates as secretarial auditors for a first term of five years. The meeting also confirmed the re-appointment of Tushar Trivedi as Whole-Time Director, who retired by rotation and offered himself for re-election.

Related party transactions approved

A significant portion of the agenda involved approving material related party transactions for FY27 and FY28. These approvals cover dealings with several entities linked to the promoter group or subsidiaries, ensuring regulatory compliance for upcoming fiscal years.

Attendance and voting details

As of the cut-off date of September 23, 2026, the company had 2,234 shareholders. Nineteen members attended the meeting in person, while no proxy forms were received. Remote e-voting was available from September 27 to September 29, 2026. The scrutinizer will submit a report on the voting process, after which results will be declared to the stock exchanges.

Pashupati Cotspin has scheduled a board meeting for October 3, 2026, to deliberate on a proposed bonus issue and an increase in authorized share capital.

Board meeting agenda

The company informed BSE and NSE that the sixth board meeting of FY27 will convene at its registered office. The agenda includes approving the increase in authorized share capital and considering the proposal for issuing bonus shares. These actions are subject to requisite approvals from shareholders.

The board will also approve the draft postal ballot notice required for these corporate actions. Additionally, the appointment of M/s. Nisarg Sharma & Associates as the scrutinizer for the postal ballot process is on the agenda.

Regulatory compliance

This intimation is filed under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proposal for bonus shares and capital restructuring requires shareholder consent, which will be sought through the postal ballot mechanism following board approval.