Betex India Limited has announced the resignation of its Company Secretary and Compliance Officer, Swati Somani (ACS 68472). The resignation, citing personal reasons, will take effect from the close of business hours on December 31, 2025.

Key Details of the Resignation

Regulatory Compliance and Next Steps

Betex India Limited has adhered to the regulatory requirements by informing BSE Limited about this key managerial personnel change, as mandated under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has stated that Somani's resignation letter will be presented to the Board of Directors in an upcoming meeting for formal consideration and acceptance.

Company's Statement

In its communication to BSE, Betex India Limited provided the following information as required under Regulation 30 of the SEBI Listing Regulations:

The company expressed gratitude for Somani's services and stated that the necessary intimations would be made to the Registrar of Companies, Stock Exchange(s), and other relevant authorities regarding this change.

Betex India Limited, with its registered office at 436, GIDC Pandesara, Surat-394221, Gujarat, will need to initiate the process of appointing a new Company Secretary and Compliance Officer to ensure seamless corporate governance and regulatory compliance.

Betex India Ltd , a textile company, has released its financial results for the first quarter ended June 30, 2025, alongside several corporate announcements.

Financial Performance

The company reported a revenue from operations of Rs 2,113.82 lakh for Q1, compared to Rs 2,288.52 lakh in the corresponding quarter of the previous year, marking a decrease of 7.6%. The net profit for the quarter stood at Rs 1.15 lakh, significantly lower than the Rs 40.46 lakh reported in Q1 of the previous year.

The company's total income, including other income, amounted to Rs 2,155.86 lakh for the quarter. The earnings per share (EPS) for Q1 was Rs 0.08, compared to Rs 2.70 in the same quarter of the previous year.

Corporate Updates

Betex India's Board of Directors approved several key decisions in their meeting held on August 13, 2025:

1. Leadership Changes: The board approved the re-appointment of Mr. Mahesh Kumar Somani as Non-Executive Director for a further period of 3 years, effective from October 1, 2025, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

2. Auditor Transition: The company accepted the resignation of M/s. C.P. Jaria & Co., Chartered Accountants, as Statutory Auditors. M/S H T K S & CO., Chartered Accountants, have been appointed as the new Statutory Auditors to fill the casual vacancy, effective from August 14, 2025, until the conclusion of the ensuing AGM.

3. AGM and Book Closure: The 38th Annual General Meeting of the company is scheduled for September 15, 2025. The book closure period for the AGM has been set from September 9 to September 15, 2025 (both days inclusive).

4. Scrutinizer Appointment: M/s. Dhirren R. Dave & Co., Practicing Company Secretaries, have been appointed as the Scrutinizer for the voting process at the 38th AGM.

The company operates solely in the textile business segment and has prepared standalone results as it does not have any subsidiaries, associates, or joint ventures.

Betex India Ltd continues to navigate the challenges in the textile industry, as reflected in its financial performance for the quarter. The company's focus on corporate governance and statutory compliance is evident from the various board-level decisions announced alongside the financial results.