Sri Ramakrishna Mills passes all resolutions at 79th AGM
- Sri Ramakrishna Mills (Coimbatore) Ltd held its 79th AGM on September 28, 2026
- Audited standalone financial statements for FY26 were adopted without qualifications
- D. Lakshminarayanaswamy reappointed as Managing Director via special resolution
- L. Nagaswarna reappointed as Whole Time Director for a further three-year term
- C. Baalasubramaniyam reappointed as Independent Director for a second five-year term
*this image is generated using AI for illustrative purposes only.
Sri Ramakrishna Mills (Coimbatore) Ltd held its 79th Annual General Meeting on September 28, 2026. The company adopted its audited standalone financial statements for FY26 and approved the reappointment of key directors.
The meeting commenced at 11:30 am at the SNR Auditorium in Coimbatore. A total of 30 members, including 7 promoter shareholders, attended the session. The statutory auditor's report for the year ended March 31, 2026, contained no qualifications or adverse remarks.
Key resolutions passed
All five items on the agenda received requisite majority approval. The board retained its current leadership structure with the reappointment of the Managing Director and Whole Time Director.
| Resolution | Description | Type |
|---|---|---|
| 1 | Adoption of audited standalone financial statements for FY26 | Ordinary |
| 2 | Reappointment of L. Nagaswarna as Director retiring by rotation | Ordinary |
| 3 | Reappointment of L. Nagaswarna as Whole Time Director for 3 years | Special |
| 4 | Reappointment of D. Lakshminarayanaswamy as Managing Director | Special |
| 5 | Reappointment of C. Baalasubramaniyam as Independent Director for second term | Special |
Board composition and attendance
The meeting was chaired by D. Lakshminarayanaswamy. The following board members were present:
- D. Lakshminarayanaswamy: Managing Director
- L. Nagaswarna: Whole Time Director
- Ravichandran Dhamodaran: Independent Director, Chairman of Audit Committee
- Guru Chandrasekar: Independent Director, Chairman of Stakeholders Relationship Committee
- C. Baalasubramaniyam: Independent Director
Representatives from the statutory and secretarial auditors, along with the CFO and Company Secretary, also attended. The scrutinizer appointed was Smt. Sasirekha Vengatesh.
Voting and compliance details
The company facilitated remote e-voting through Central Depository Services (India) Ltd from September 25 to September 27, 2026. This process complied with Section 108 of the Companies Act, 2013, and SEBI Listing Regulations. The consolidated scrutinizer report is scheduled for submission to stock exchanges within two working days.
Historical Stock Returns for Sri Ramakrishna Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.78% | +0.79% | +16.32% | +84.67% | +31.91% | +396.02% |
How will the continued leadership of MD D. Lakshminarayanaswamy and WTD L. Nagaswarna influence Sri Ramakrishna Mills' strategic direction in the competitive textile sector?
What specific operational or financial growth targets has the board set for the upcoming fiscal year following the adoption of the clean FY26 audited statements?
How might the reappointment of key directors impact institutional investor confidence and the company's valuation in the coming quarters?
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