Patspin India has scheduled its 35th Annual General Meeting for Monday, September 28, 2026. The meeting will commence at 10:00 am through Video Conferencing or Other Audio-Visual Means, in compliance with SEBI Listing Regulations and MCA circulars.

The company has dispensed with the physical presence of members at a common venue. Shareholders participating via VC/OAVM will be reckoned for the purposes of quorum under Section 103 of the Companies Act, 2013. Physical copies of the AGM notice and annual report have also been dispensed with, as per regulatory guidelines.

Voting and Book Closure Details

Remote e-voting will commence on Friday, September 25, 2026, at 9:00 am and conclude on Sunday, September 27, 2026, at 5:00 pm. Members holding shares in physical or dematerialized form as on the cut-off date of Monday, September 21, 2026, are eligible to cast their votes electronically.

The Register of Members and Share Transfer Books will remain closed from Wednesday, September 23, 2026, to Monday, September 28, 2026, inclusive. This closure is pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI (LODR) Regulations, 2015.

Members who have not registered their email addresses can still attend the AGM and vote by following the procedures outlined in the notice. The notice and annual report for the financial year ended March 31, 2026, are available for download on the company’s website and the BSE Limited portal.

Special Business: Related Party Transactions

The AGM agenda includes two ordinary resolutions seeking shareholder consent for material related-party transactions (RPTs) with GTN Enterprises Limited and GTN Textiles Limited. These approvals are required under Section 188 of the Companies Act, 2013, and Regulation 23 of the SEBI (LODR) Regulations, 2015.

GTN Enterprises Limited

Patspin India proposes to enter into transactions valued at ₹45.00 crore with GTN Enterprises Limited over the next 15 months. GTN Enterprises is a related party because Umang Patodia, Chairman and Managing Director of Patspin India, is the brother of Ankur Patodia, Chairman and Managing Director of GTN Enterprises.

The proposed transactions include the sale, purchase, or supply of cotton and cotton yarn/waste (₹10.00 crore), buying or selling property/assets (₹5.00 crore), and availing or rendering processing charges (₹30.00 crore). The company states that engaging in these processing activities will help maximize capacity utilization and earn better margins, as Patspin India currently carries out only job work due to lack of working capital facilities.

In the previous financial year, total transactions with GTN Enterprises amounted to ₹24.72 crore (₹0.01 crore for supply/purchase and ₹24.71 crore for processing charges). In the current financial year up to the preceding quarter, transactions totaled ₹5.5 crore. The proposed ₹45.00 crore represents 97% of Patspin India’s annual consolidated turnover for the immediately preceding financial year.

GTN Textiles Limited

The second resolution seeks approval for transactions valued at ₹10.00 crore with GTN Textiles Limited. Umang Patodia serves as Chairman and Managing Director of both companies. GTN Textiles holds 46.21% shares in Patspin India, making it an associate company.

The proposed transaction involves the sale, purchase, or supply of cotton and cotton yarn/waste. The company notes that GTN Textiles commenced trading activities in the second half of FY26 and plans to step up operations in FY27. Achieving optimum capacity utilization through these transactions is expected to improve margins for Patspin India.

There were no transactions with GTN Textiles in the last financial year or the current year up to the preceding quarter. The proposed ₹10.00 crore represents 21.49% of Patspin India’s annual consolidated turnover for the immediately preceding financial year.

Other Agenda Items

Shareholders will also consider the re-appointment of Smt. Kalpana Mahesh Thakker as a Non-Executive Director, who retires by rotation. Additionally, the meeting will ratify the remuneration of M/s. Hareesh K. N. and Associates, Cost Accountants, for conducting cost audits for FY27. The approved remuneration is ₹55,000 plus applicable taxes.

What the Numbers Show

The scale of the proposed related-party transactions is significant relative to the company’s size. The ₹45.00 crore proposal with GTN Enterprises alone accounts for 97% of Patspin India’s previous annual consolidated turnover. This indicates a high concentration of future business volume with a single related party. Furthermore, the justification provided—shifting from job work to own manufacturing to improve margins—suggests a strategic operational shift dependent on these internal supply chain arrangements.

Patspin India disclosed that promoter Ankur Patodia has exited his stake in the company by selling his entire holding of 400 equity shares through an open market transaction on August 18, 2026. The sale reduces his shareholding to nil, marking a complete divestment of his promoter category interest.

The transaction was executed at a price of ₹6.49 per share, generating a total sale consideration of ₹2,575.74. Prior to this transaction, Patodia held 400 equity shares, representing 0.001% of the company’s total issued and paid-up equity capital.

Transaction Details

The company stated that while the transaction did not trigger the threshold under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, the intimation was submitted to the stock exchange voluntarily as a measure of abundant caution.

Patodia confirmed that the sale occurred during an open trading window and in accordance with the SEBI PIT Regulations and the company’s Code of Conduct for Prevention of Insider Trading. He further confirmed that no other purchase or sale transactions of the company’s securities were undertaken during the relevant calendar quarter or financial year.