Shree Bhavya Fabrics Limited announced the resignation of Kishan Madanlal Yadav from his roles as Director and Chief Financial Officer (CFO). The Board of Directors accepted the resignation at a meeting held on October 15, 2026, with immediate effect from the close of business hours.

Yadav cited his decision to pursue another professional opportunity as the primary reason for stepping down. He confirmed that there were no other material reasons for his departure beyond those stated in his resignation letter.

Board meeting details

The board meeting commenced at 6:30 pm and concluded at 7:00 pm on Thursday, October 15, 2026. The company filed this outcome under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key disclosures

The company stated that Yadav will cease to hold these positions from the close of business hours on October 15, 2026. The resignation letter along with detailed reasons has been enclosed with the filing to BSE Limited.

Shree Bhavya Fabrics Ltd concluded its 38th Annual General Meeting on September 30, 2026, in Ahmedabad, with all four resolutions passing with the requisite majority per the scrutinizer's consolidated report.

The meeting, chaired by Purushottam Radheshyam Agarwal, commenced at 11:00 am and concluded at 12:00 pm. A total of 39 members were present in person, comprising 5 from the promoter and promoter group and 34 from the public. The Chairman briefed attendees on the company's financial highlights for FY26, industry overview, and future outlook, including initiatives focused on innovation and modernization. The record date for voting eligibility was September 23, 2026, at which point the total number of shareholders on record stood at 3,727.

Resolutions passed

Shareholders passed all four resolutions proposed in the notice dated September 3, 2026, covering adoption of financial statements, leadership continuity, and cost auditor remuneration.

Voting results summary

The company provided remote e-voting via the National Securities Depository Limited (NSDL) platform from September 27 to September 29, 2026, and poll voting at the meeting for shareholders who had not previously cast their vote electronically. The following table summarises the consolidated voting outcome for each resolution.

For Resolution 3, votes totalling 4,490,675 cast by Purushottam R Agarwal, Purushottam R Agarwal HUF, Mrs. Somna Agarwal, Mrs. Niramaladevi Agarwal, and M/s Tilokchand and Sons were excluded from the count as the promoter group is an interested party in that resolution. Similarly, for Resolution 2, votes of 1,949,530 cast by Purushottam R Agarwal were not counted. Across all resolutions, 25,720 poll paper votes were invalidated due to signature mismatch.

Governance and scrutinizer details

All directors were present at the meeting except Yashree Dixit, Independent Director, and Hemangni Akshaykumar Vasoya, Company Secretary and Compliance Officer, both of whom were granted leave of absence. Representatives from the statutory auditor, Nahta Jain & Associates, and the secretarial auditor, Shah and Shah Associates, also attended.

Mukesh H. Shah of M/s Mukesh H. Shah & Co., holding membership number 5827, was appointed as scrutinizer at the board meeting on September 3, 2026. The scrutinizer's consolidated report was issued to the company on October 1, 2026. Votes were unblocked on September 30, 2026, at around 12:30 pm in the presence of two witnesses, Bharat D Chaudhary and Dhruv Todi, who were not in the employment of the company. The voting results and scrutinizer's report were submitted to BSE Limited on October 2, 2026, in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.