NewsStocksAkshar Spintex Board Approves Annual Report, Director Appointments, and Schedules 12th AGMAkshar Spintex Board Approves Annual Report, Director Appointments, and Schedules 12th AGM
Akshar Spintex Limited's Board of Directors has approved the annual report for FY 2024-25 and made key recommendations for the upcoming AGM. The Board proposed reappointments of directors, including Harikrushna Samjibhai Chauhan and Parsottambhai Vasoya, and regularization of Harry Paghdar as Managing Director. D N Vora and Associates were appointed as Secretarial Auditors for five years. The 12th AGM is scheduled for August 25, 2025, via video conferencing, with remote e-voting available from August 22-24. Additional actions include approval of Cost Auditors' remuneration and appointment of CS Piyush Jethva as e-voting scrutinizer.
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Akshar Spintex Limited has announced several key decisions following its recent Board of Directors meeting. The company's board has approved the annual report for the fiscal year ending March 31, 2025, and made important recommendations for shareholder approval at the upcoming Annual General Meeting (AGM).
Board Recommendations and Appointments
The Board has recommended the reappointment of Harikrushna Samjibhai Chauhan as a director, who is liable to retire by rotation. Additionally, the Board has proposed to regularize the appointment of Harry Paghdar as Managing Director and Sureshkumar Chaturbhai Gajera as an Independent Director.
In a move to ensure continued compliance and governance, the Board has approved the appointment of D N Vora and Associates as Secretarial Auditors for five consecutive financial years from 2025-26 to 2029-30. This appointment is subject to shareholder approval at the upcoming AGM.
The Board has also recommended the reappointment of Parsottambhai Vasoya for a second five-year term, demonstrating confidence in the company's leadership continuity.
12th Annual General Meeting Details
Akshar Spintex has scheduled its 12th Annual General Meeting for August 25, 2025, at 3:00 PM. The AGM will be conducted via video conferencing. Shareholders will have the opportunity to participate in remote e-voting, which will be available from August 22 to August 24, 2025. The company has set August 18, 2025, as the cut-off date for e-voting eligibility.
Additional Corporate Actions
The LODR data reveals further details about the company's corporate actions:
- The Board has approved the payment of remuneration to Cost Auditors for the Financial Year 2025-2026.
- CS Piyush Jethva, a Practicing Company Secretary, has been appointed as the scrutinizer for the e-voting process.
- The company has taken note of the Secretarial Audit Report for the financial year 2024-25, as provided by D N Vora & Associates.
- NSDL has been appointed to conduct the online AGM through VC/OAVM and to send AGM notices via email to registered shareholders.
Management Commentary
Harikrushna S. Chauhan, Chairman and Wholetime Director of Akshar Spintex Limited, signed off on these decisions, underlining the company's commitment to transparent governance and shareholder engagement.
These corporate actions reflect Akshar Spintex's focus on maintaining strong corporate governance practices and ensuring continuity in its leadership team as it moves forward in the 2025-26 fiscal year.
Historical Stock Returns for Akshar Spintex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +1.79% | 0.0% | +9.62% | -64.60% | -90.95% |
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