Shanti Spintex shareholders approved the adoption of its standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026, during its 16th Annual General Meeting held on September 11, 2026.

The meeting, conducted via Video Conferencing or Other Audio Visual Means, saw unanimous support for both ordinary resolutions placed before investors. The company also secured approval for the re-appointment of Mrs. Urmila B. Agarwal as a Non-Executive Director, replacing her tenure as she retires by rotation.

Voting Results

The scrutinizer’s report, submitted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, detailed the voting outcomes. All votes were cast through remote e-voting, with no shareholders participating in e-voting during the virtual meeting itself.

Both resolutions passed with the requisite majority. The total valid votes cast amounted to 10,408,000, representing 100% of the votes recorded for each item.

Shareholder Participation Breakdown

The voting data reveals a distinct split between promoter and public shareholders in terms of participation volume and count.

Promoter group entities accounted for nearly 95% of the total votes cast, despite representing only four voting members. Public shareholders, comprising 11 voters, contributed the remaining 5.15% of the vote share.

What the Numbers Show

The voting pattern highlights a high concentration of shareholder influence within the promoter group. With four promoter entities casting 9,872,000 votes compared to 11 public shareholders casting 536,000 votes, the average vote weight per promoter entity is significantly higher than that of individual public shareholders. This structural dominance ensured unanimous passage of both the financial statements and the board appointment without dissent from any segment of the shareholder base.

Procedural Compliance

The remote e-voting period was open from September 8, 2026, at 9:00 am to September 10, 2026, at 5:00 pm. The cut-off date for determining eligibility to vote was September 4, 2026. CS Heti R. Gandhi served as the independent scrutinizer for the process, verifying compliance with the Companies Act, 2013, and SEBI regulations. The e-voting facility was provided by KFin Technologies Limited.

Shanti Spintex Limited has issued the notice convening its 16th Annual General Meeting (AGM), scheduled to be held on Friday, September 11, 2026, at 4:00 pm. The meeting will be conducted exclusively through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), in compliance with Ministry of Corporate Affairs (MCA) and SEBI circulars permitting virtual general meetings.

The company has engaged KFin Technologies Limited to facilitate the remote e-voting process. The e-voting window will open on Tuesday, September 8, 2026, at 9:00 am and close on Thursday, September 10, 2026, at 5:00 pm. Shareholders holding shares as on the cut-off date of September 4, 2026, are eligible to vote. The register of members and share transfer books will remain closed from September 6, 2026, to September 10, 2026.

Key Dates

Agenda Items

The ordinary business for the 16th AGM includes:

• Receiving, considering, and adopting the Standalone and Consolidated Audited Financial Statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.
• Re-appointment of Mrs. Urmila B. Agarwal (DIN: 01909441) as a Non-Executive Director. She retires by rotation at this meeting and is eligible for re-appointment.

Director Details

Mrs. Urmila B. Agarwal, aged 67, holds a Bachelor of Commerce degree and possesses over 25 years of experience in operations, quality control, and team leadership. She is the wife of Mr. Bharatbhushan O. Agarwal (Whole Time Director) and the mother of Mr. Rikin B. Agarwal (Managing Director). Her current shareholding in the company stands at 1,037,800 shares. She also serves as a director on the boards of Rikin Fabrics Private Limited and Dulari Fabrics Private Limited.

Participation and Voting Instructions

Members can attend the e-AGM by logging into the KFin Technologies platform using their remote e-voting credentials. Individual shareholders holding securities in demat mode can access the voting system via NSDL or CDSL portals. Corporate and institutional shareholders must submit a certified copy of the Board Resolution authorizing their representative to vote to the Scrutinizer, M/s. HDS & Associates, represented by Mrs. Heti Rehen Gandhi.

The facility for joining the AGM via VC/OAVM will be available for at least 1,000 members on a first-come, first-served basis, though promoters, institutional investors, and directors are not restricted by this limit. Members wishing to speak during the meeting must register as speakers between September 8, 2026, at 9:00 am and September 9, 2026, at 5:00 pm.

The notice, along with the Annual Report for FY26, has been sent electronically to members who registered their email addresses with the company or depositories as on August 14, 2026 (Benpos date). Mohini Agarwal, Company Secretary and Compliance Officer, issued the intimation from Ahmedabad.