Samtex Fashions adopts FY26 financials, re-appoints Atul Mittal at AGM
- Samtex Fashions held its 33rd AGM on September 29, 2026, via video conferencing
- Shareholders adopted standalone and consolidated audited financial statements for FY26
- Atul Mittal was re-appointed as Director following his retirement by rotation
- A special resolution was passed to shift the registered office within the same state
*this image is generated using AI for illustrative purposes only.
Samtex Fashions Limited held its 33rd Annual General Meeting on September 29, 2026, adopting standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026. The meeting, conducted via video conferencing, also approved the re-appointment of Chairman and Managing Director Atul Mittal.
The company reported that 15,239 shareholders were on the register as of the cut-off date of September 22, 2026. A total of 111 members participated in the virtual meeting, including four from the promoter group. The session commenced at 1:00 pm and concluded at 1:20 pm, with the requisite quorum confirmed by Company Secretary Rinki Rani.
Resolutions passed during the meeting
The Board of Directors presented three key items of business for shareholder approval. Ordinary resolutions covered the adoption of financial statements and director re-appointment, while a special resolution addressed a change in the registered office location.
| Item | Agenda | Resolution Type |
|---|---|---|
| 1 | Adopt standalone and consolidated audited financial statements for FY26 along with Board and Auditor reports | Ordinary Resolution |
| 2 | Re-appoint Atul Mittal (DIN: 00223366), who retires by rotation | Ordinary Resolution |
| 3 | Shift registered office outside local city limits but within the same state and ROC jurisdiction | Special Resolution |
Voting and compliance details
Remote e-voting facilities were available to members from September 26, 2026, at 9:00 am until September 28, 2026, at 5:00 pm. Members who did not vote remotely were provided an opportunity to cast their votes during the live meeting through the CDSL platform. Deepak Kukreja & Associates served as the scrutinizer for the voting process.
The company noted that no queries were received from shareholders other than those raised by six registered speakers. The results of the voting are expected to be declared within two working days from the conclusion of the AGM and will be submitted to stock exchanges and posted on the company website.
Historical Stock Returns for Samtex Fashions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.45% | -1.41% | -0.71% | +13.82% | -41.18% | +40.00% |
What strategic motivations are driving Samtex Fashions' decision to relocate its registered office, and how might this impact operational logistics?
How does the re-appointment of Atul Mittal signal continuity in the company's long-term growth strategy for the textile sector?
What specific revenue or margin trends in the FY26 financial statements contributed to the low shareholder engagement observed during the AGM?
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