Supra Trends approves borrowing limits and director reappointment at AGM
- Supra Trends held its 39th AGM on September 30, 2026
- Shareholders approved enhancement in overall borrowing limits
- M/s. SNMR & Associates re-appointed as Statutory Auditors
- Financial statements for FY26 adopted by members
*this image is generated using AI for illustrative purposes only.
Supra Trends Limited held its 39th Annual General Meeting on September 30, 2026, in Hyderabad. The meeting focused on adopting financial statements for FY26 and approving key operational resolutions.
Shareholders passed all six proposed resolutions, including the adoption of audited standalone and consolidated financial statements. The board also approved the reappointment of statutory auditors and the retirement by rotation of a director.
Key Resolutions Passed
The company sought shareholder approval for several critical items during the meeting:
- Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026.
- Appointment of Mr. Koppuravuri Naga Venkata Shyam Anirudh as Director, retiring by rotation.
- Approval of the appointment of Statutory Auditors to fill a casual vacancy.
- Re-appointment of M/s. SNMR & Associates, Chartered Accountants, as Statutory Auditors.
- Enhancement in overall borrowing limits of the company (Special Resolution).
- Creation of security on assets of the company (Special Resolution).
Meeting Proceedings
The meeting was chaired by Mrs. Bhavani Ajjarapu, Chairperson and Managing Director. She presented highlights of business operations and financial performance for FY26. The requisite quorum was present, and the Chairperson addressed member queries.
Remote e-voting was conducted via Central Depository Services (India) Limited from September 27 to September 29, 2026. Members attending physically voted via poll. Mrs. N. Vanitha served as the Scrutinizer for the voting process.
Attendees and Governance
Key personnel present at the meeting included:
| Name | Role |
|---|---|
| Mrs. Bhavani Ajjarapu | Chairperson & Managing Director |
| Mr. Sridhar Seshadri Gundavarapu | Independent Director |
| Mrs. Savithri Penumarthy | Independent Director |
| Mr. Raghavendra Kumar Koduganti | Independent Director |
| Mr. D V P Rao Vinnakota | Chief Financial Officer |
| Mr. Girish Shivaram Gaonkar | Company Secretary |
The results of the voting will be announced within two working days and displayed on the company website and stock exchanges.
Historical Stock Returns for Supra Trends
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.47% | -0.60% | +2.76% | +10.70% | +13.14% | -1.78% |
What specific capital expenditure or expansion projects will the enhanced borrowing limits fund in FY27?
How might the new security creation on assets impact Supra Trends' future debt-to-equity ratio and credit rating?
Will the reappointment of SNMR & Associates signal continuity in audit standards, or are changes expected in their audit scope?
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