Uniroyal Industries Ltd shareholders approved the appointment of Akhil Mahajan as Managing Director and Dimple Mahajan as Executive Director at the 33rd Annual General Meeting held on September 30, 2026. Both appointments are effective from March 2, 2026, for a term of three years.

The meeting, conducted virtually from 10:00 am to 11:30 am, also saw the re-appointment of Karan Singh Jolly as a director liable to retire by rotation. The company communicated these outcomes to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Neha Miglani, Company Secretary and Compliance Officer.

Leadership Appointments

Shareholders approved the appointment of Akhil Mahajan (DIN: 00007598) as Managing Director for a term of three years, effective March 2, 2026. Similarly, Dimple Mahajan (DIN: 09665977) was appointed as Executive Director for a three-year term starting the same date. The disclosures state that these appointments were made with a view to retain expertise on the Board.

Mr. Mahajan holds a Bachelor of Commerce degree. Mrs. Mahajan holds a Bachelor of Arts and a Diploma in Fashion Designing from NIFD. The filings disclose that both appointees are interested in the proposed resolutions due to their spousal relationship.

Karan Singh Jolly was re-appointed as a director liable to retire by rotation. Additionally, Manish Aggarwal, a Practising Company Secretary, was appointed as Secretarial Auditor for FY27, with remuneration to be decided by the Board of Directors.

Auditor Profile

Gambhir Khurana & Associates, Chartered Accountants, were appointed as statutory auditors for FY27. The firm is based in Chandigarh and incorporated with the Institute of Chartered Accountants of India (ICAI) on November 18, 1993. It is led by partners Gurpreet Gambhir and Rahul Khurana.

Firm Capabilities

The firm offers statutory audit, tax audit, internal control compliance, and certifications. Their expertise includes:

• Audit and Assurance: Statutory audits, tax audits, and internal control assessments.
• Taxation: Direct and indirect tax planning, GST consultancy, and representation before appellate authorities.
• Corporate Advisory: Company formation, mergers and acquisitions, transfer pricing, and due diligence.
• Regulatory Compliance: FEMA regulations, RBI circular compliance, and secretarial services.

Rahul Khurana brings specific experience from his tenure at Ernst & Young, where he led teams for statutory audits of listed and private companies. The firm holds a Peer Review Certificate No. 014876 and is empanelled with the Comptroller and Auditor General (CAG) and the Reserve Bank of India (RBI).

Secretarial Audit Appointment

Manish Aggarwal was appointed as the Secretarial Auditor for FY27. He is a Practising Company Secretary based in Chandigarh, holding a Bachelor of Commerce, FCS, and LL.B. degrees. With 18 years of experience, his profile highlights extensive work in company law matters, incorporations, and handling meetings of members and creditors.

Aggarwal has acted as an NCLT-appointed scrutinizer and handled polling processes through e-voting, postal voting, and ballot papers. His expertise covers secretarial audits under the Companies Act, compliance with SEBI requirements, FEMA compliances, and stock exchange listing requirements. He is also on the panel of the National Stock Exchange and Bombay Stock Exchange as an Arbitrator.

Uniroyal Industries has scheduled its 33rd Annual General Meeting (AGM) for Wednesday, September 30, 2026, at its registered office in Panchkula. The meeting will consider the adoption of the audited financial statements for the fiscal year ended March 31, 2026.

The textile accessories manufacturer reported a decline in standalone revenue from operations to ₹1,481.9 lakh from ₹2,019.9 lakh in the previous year. Consolidated revenue from operations also fell to ₹11,097.9 lakh compared to ₹11,383.9 lakh in FY25.

Financial Performance

The company suffered a net loss of ₹144.0 lakh on a standalone basis against a profit of ₹11.2 lakh in the preceding year. On a consolidated basis, the net loss widened to ₹70.3 lakh from a net profit of ₹46.4 lakh in FY25.

The Board attributed the decline in standalone revenue to global tariff issues and war in Asia. No dividend was recommended for FY26 as the directors sought to conserve resources to meet future financial requirements.

What the Numbers Show

A significant divergence exists between the standalone and consolidated results. While the standalone entity reported a substantial net loss of ₹144.0 lakh, the consolidated group loss was lower at ₹70.3 lakh. This indicates that the subsidiary, A M Textiles & Knitwears Limited, likely contributed positively to the group's bottom line, offsetting some of the parent company's operational losses.

Corporate Governance Changes

Shareholders will vote on the appointment of Mr. Akhil Mahajan as Managing Director and Mrs. Dimple Mahajan as Executive Director for a three-year term commencing March 2, 2026.

Mr. Mahajan’s proposed remuneration includes a monthly salary of ₹8 lakh and a commission not exceeding 1.50% of turnover. Mrs. Mahajan’s package includes a monthly salary of ₹1.25 lakh and a commission capped at 0.75% of turnover. Both appointments are subject to special resolution approval by shareholders.

AGM Logistics and Voting Details

The AGM will be held in physical mode only at Plot No. 365, Industrial Area, Phase-2, Panchkula. Shareholders holding shares as on the record date of September 23, 2026, are eligible to vote. The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026.

The company has provided a remote e-voting facility. The voting period begins on September 27, 2026, at 9:00 am and ends on September 29, 2026, at 5:00 pm. Members who cast their votes electronically cannot change them subsequently. Those who have voted via e-voting may attend the physical meeting but will not be allowed to vote again. Results will be declared within 48 hours of the conclusion of the AGM.