Shree Balaji (Mala) Textiles Limited shareholders adopted the audited financial statements for the fiscal year ended March 31, 2026, during the company's 21st Annual General Meeting (AGM) held on September 30, 2026.

The meeting, conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM), also approved the re-appointment of Hemlata Kedia as a Director. The board further authorized an increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013.

AGM proceedings and resolutions

The AGM commenced at 2:00 pm (IST) and concluded at 2:30 pm (IST). The Chairman noted that the statutory auditors' report on the financial statements contained no qualifications or observations. Consequently, the report was not read aloud pursuant to Section 145 of the Companies Act, 2013.

Shareholders voted on five agenda items via remote e-voting and live e-voting during the meeting. The voting window opened on September 27, 2026, and closed on September 29, 2026.

Key resolutions passed

Governance updates

Hemlata Kedia, who retired by rotation, was re-appointed following her eligibility confirmation. Rishika Kedia was appointed as an Executive Director to strengthen the board's executive capabilities. Harsha Pugalia, holding Peer Review No. 2767/2022, was appointed as the new Secretarial Auditor.

All directors, including chairpersons of the Audit, Stakeholders Relationship, and Nomination and Remuneration Committees, attended the meeting. Naina Saha served as the Company Secretary and Compliance Officer.

Shree Balaji (Mala) Textiles has scheduled its 21st Annual General Meeting for September 30, 2026. The meeting will address a significant increase in the company's borrowing capacity to support future operations.

The event will be conducted via Video Conferencing or Other Audio Visual Means. Remote e-voting facilities will be available from 9:00 am on September 27, 2026, until 5:00 pm on September 29, 2026.

Key Agenda Items

Shareholders will vote on several ordinary and special resolutions. The primary items include:

• Adoption of audited standalone financial statements for FY26.
• Re-appointment of Ms. Hemlata Kedia as a Director by rotation.
• Appointment of Ms. Rishika Kedia as an Executive Director.
• Appointment of Ms. Harsha Pugalia as Secretarial Auditor for five financial years.

Borrowing Limit Increase

The most material item on the agenda is a special resolution to increase the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013.

The Board seeks consent to borrow sums that, when combined with existing borrowings, may exceed the aggregate of paid-up share capital and free reserves. The total aggregate borrowings will not exceed ₹300 crore. This facility aims to meet ongoing business requirements, anticipated expansion plans, and capital expenditures.

Governance Changes

Ms. Rishika Kedia, currently serving as an Additional Director since February 23, 2026, will be regularized as an Executive Director. Her tenure will be subject to retirement by rotation. Additionally, Ms. Harsha Pugalia has been recommended as the Secretarial Auditor for the term commencing from FY26 up to FY30.

What the Numbers Show

The request for a borrowing limit of ₹300 crore indicates a strategic shift towards leveraging debt for growth. This cap applies to aggregate borrowings excluding temporary loans obtained in the ordinary course of business. The move suggests the company anticipates significant capital needs for expansion or working capital support in the near term.