Raideep Industries Limited held its 31st Annual General Meeting on September 29, 2026, in Ludhiana. The meeting focused on governance updates, including the reappointment of a key director and the regularization of an independent director.

Director appointments and changes

Shareholders approved the reappointment of Mrs. Paramjit Bhalla as a director liable to retire by rotation. She brings nearly five decades of experience in management and administration within the textile industry. The company disclosed that Mr. Rai Sahib and Mrs. Paramjit Bhalla are relatives as defined under the Companies Act, 2013.

Additionally, the meeting approved the regularization of Ms. Manshi Sharma as an Independent Director (Non-Executive). Her term is set for five consecutive years, effective from April 29, 2026, to April 28, 2031. Ms. Sharma is not related to any other director or key managerial personnel on the board.

Related party transactions

The Board sought approval for related party transactions with three associate companies: Jai Maa Processors Private Limited, Dashmesh Weaving & Dyeing Mills Private Limited, and Raideep Synthetics Private Limited. These agreements cover the sale and purchase of fabrics, clothes, and other goods for a period of three years, from September 29, 2026, to September 28, 2029.

Meeting proceedings

The meeting commenced at 11:30 am and concluded at 12:20 pm. A total of 18 members were present. The Chairperson briefed attendees on the financial performance of the company and its associates for FY26 compared to FY25. Voting was conducted via remote e-voting through CDSL, with results to be declared by the scrutinizer within two working days.

Voting results and compliance

On October 1, 2026, the company submitted the voting results and the scrutinizer's report to stock exchanges as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer, Preeti Mittal of Jain P & Associates, confirmed that all four resolutions passed with requisite majority.

For Resolution No. 1 (Adoption of Financial Statements), 17,81,900 votes were polled, all in favor. For Resolution No. 2 (Reappointment of Mrs. Paramjit Bhalla), 8,85,400 valid votes were cast in favor, excluding shares held by interested parties (Mrs. Bhalla and Mr. Rai Sahib). Resolutions No. 3 (Regularization of Ms. Manshi Sharma) and No. 4 (Related Party Transactions) also saw 17,81,900 votes in favor with zero dissent.

Raideep Industries has scheduled its 31st Annual General Meeting for September 29, 2026. The Board of Directors approved the notice and e-voting framework during a meeting held on September 4, 2026.

The session will commence at 11:30 am at the company’s registered office in Ludhiana, Punjab. Shareholders eligible to vote must hold shares as on the cut-off date of September 23, 2026.

E-Voting and Scrutinizer Details

The remote e-voting period runs from September 26, 2026, at 9:00 am to September 28, 2026, at 5:00 pm. The Board appointed M/s. Jain P & Associates as the scrutinizer to ensure a fair and transparent voting process.

Board Report Approval

Alongside the AGM logistics, the Board considered and approved the Board Report for the financial year ended March 31, 2026. The meeting concluded at 4:30 pm following the passage of these resolutions.