Samtex Fashions reported that the Supreme Court of India dismissed its appeal against a High Court judgment regarding income tax disputes for assessment years 2000-01 and 2001-02. The aggregate amount involved in these litigations stands at ₹1.07 crore.

The dispute centered on the disallowance of deductions under Section 80HHC and Sections 28(iiia) to 28(iiie) of the Income Tax Act, 1961. The Income Tax authorities had previously disallowed these deductions and exempted income earned as interest on margin money, leading to prolonged legal proceedings.

Litigation timeline and outcome

The company noted that orders were initially in its favor until the judgment by the Delhi High Court. Samtex Fashions subsequently filed an appeal before the Supreme Court. By an order dated September 18, 2026, which was received by the company on September 21, 2026, the Supreme Court dismissed the appeal.

Disclosure details

The intimation was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company attributed the delay in submission to inevitable reasons.

The filing clarified that there are no settlements or changes in status concerning key management personnel or promoters related to these proceedings. This development marks the conclusion of legal recourse for these specific assessment years.

Samtex Fashions has scheduled its 33rd Annual General Meeting for Tuesday, September 29, 2026. The meeting will commence at 1:00 pm and will be conducted through Video Conferencing or Other Audio Visual Means in compliance with Ministry of Corporate Affairs circulars.

The company has dispensed with the requirement to send physical copies of the AGM notice and the Annual Report for FY26 to members, as per regulatory guidelines. Shareholders who require a physical copy of the annual report may request one by emailing the company with their folio number, DP/Client ID, and contact details.

E-Voting and Record Date Details

Members are eligible for remote e-voting if their names appear in the register of members as on the cut-off date of Tuesday, September 22, 2026. The voting rights are proportionate to the paid-up equity share capital held on this date.

The remote e-voting facility, facilitated by Central Depository Services (India) Limited, will be active during the following window:

• Start: Saturday, September 26, 2026, at 9:00 am
• End: Monday, September 28, 2026, at 5:00 pm

After the end time on September 28, the e-voting module will be disabled, and no further electronic votes will be accepted. Members who have already voted remotely may still attend the AGM via VC/OAVM but cannot vote again.

Book Closure Period

To determine eligibility for voting and dividend entitlements, the Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 29, 2026, both days inclusive.

CS Deepak Kukreja of Deepak Kukreja & Associates has been appointed as the scrutinizer to ensure a fair and transparent e-voting process. The detailed notice containing all resolutions and further instructions is available on the company’s website and the stock exchange portals.