Surbhi Industries Limited shareholders unanimously approved the adoption of audited financial statements for the fiscal year ended March 31, 2026, during its 34th Annual General Meeting (AGM) held on September 29, 2026. The meeting also ratified key leadership appointments, including the re-appointment of Ravjibhai Parbatbhai Patel as Managing Director and Bipinbhai Jasmatbhai Patel as Whole-time Director.

The final scrutinizer's report, submitted on October 1, 2026, confirmed that all resolutions received overwhelming support from remote e-voting participants. The meeting was conducted virtually via Video Conferencing and Other Audio Visual Means. The re-appointments were recommended by the Nomination and Remuneration Committee (NRC) and approved by the Board of Directors prior to shareholder ratification.

Voting results and resolution details

The consolidated scrutinizer’s report detailed the voting outcomes for five key resolutions. Shareholders holding shares as of the cut-off date of September 22, 2026, participated in the remote e-voting process. The results indicate strong consensus among investors regarding the company’s financial reporting and governance changes.

Leadership and governance updates

Shareholders approved several critical governance resolutions, including the re-appointment of directors and the confirmation of senior management roles. Bipinbhai Jasmatbhai Patel was re-appointed as a director following his retirement by rotation. Additionally, two special resolutions were passed to confirm the continued tenure of key executives despite age-related regulatory requirements.

Ravjibhai Parbatbhai Patel, a member of the Promoter Group and founder of the company, was re-appointed as Managing Director for a period of five years with effect from April 1, 2026. Bipinbhai Jasmatbhai Patel, also a Promoter Group member and founder with over 30 years of service, was re-appointed as Whole-time Director for five years with effect from October 1, 2026.

Auditor appointment details

The company appointed M/S Ghael Choksi & Company Chartered Accountants (Firm Registration No. 0153978W) as its statutory auditor. The appointment is valid for five consecutive financial years, commencing from FY27 through FY31. This decision follows standard corporate governance practices regarding auditor rotation and tenure limits.

The firm is led by Mr. Vikrant Ghael, a Fellow Member of the Institute of Chartered Accountants of India (ICAI) with over 23 years of professional experience. M/S Ghael Choksi & Company provides auditing, taxation, and business consultancy services, leveraging a resource pool of Chartered Accountants, lawyers, and financial management experts.

Voting participation analysis

The AGM saw participation from 33 shareholders attending through video conferencing, comprising 19 promoters and promoter group members and 14 public shareholders. No shareholders attended in person or via poll during the meeting itself, with all votes cast through the remote e-voting facility provided by Central Depository Services (India) Ltd (CDSL).

Total votes polled amounted to 2,377,064, representing approximately 69.15% of the total outstanding equity shares of 3,437,400. Promoters and promoter group members cast 2,364,955 votes, while public non-institutional shareholders contributed 12,109 votes. The high concentration of voting power in the hands of the promoter group ensured the unanimous passage of all resolutions, including those where promoters had a direct interest.

Surbhi Industries has scheduled its 34th annual general meeting for September 29, 2026. The Surat-based textile manufacturer published the AGM notice in Western Times (English and Gujarati) on September 6, 2026.

The company held its board meeting on September 5, 2026, to address key corporate governance matters requiring shareholder approval. The notice of the AGM and the Annual Report for FY26 are available on the company’s website and the BSE website.

Director Reappointment

The nomination and remuneration committee recommended the reappointment of Mr. Bipinbhai Jasmatbhai Patel (DIN: 00023447). His tenure will run from October 1, 2026, to September 30, 2031. The terms and conditions will be determined in accordance with the Companies Act, 2013.

Auditor Appointment

Based on the audit committee's recommendation, the board approved M/s Ghael Choksi & Company (Firm Regi no. 0153978W) as the statutory auditor. The firm holds Peer Review Certificate Number 6013/2024.

The appointment covers five consecutive years, from the conclusion of the 34th AGM until the conclusion of the 39th AGM. This period spans financial years 2026-27 through 2030-31. Remuneration will be mutually decided by the board and the auditors.

AGM and Voting Details

The company will hold its 34th annual general meeting on Tuesday, September 29, 2026, at 11:00 am. The meeting will be conducted through video conferencing or other audio-visual means.

Mr. Pragnesh M Joshi (FCS 7238 & COP-7743), a practicing company secretary based in Ahmedabad, was appointed as scrutinizer for the e-voting process. The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 29, 2026.

Shareholders holding shares as on the cut-off date are eligible to vote remotely. Those who have not cast their vote via remote e-voting may vote at the AGM venue.