Blue Chip Tex Industries Limited , a prominent player in the textile industry, has announced significant changes in its leadership and shareholder structure. The company's Board of Directors has approved two key decisions: the reappointment of Mr. Shahin N. Khemani as Managing Director for another five-year term and the reclassification of Mr. Roop Khemani from 'Promoter' to 'Public' shareholder category.

Reappointment of Shahin N. Khemani as Managing Director

Mr. Shahin N. Khemani has been reappointed as the Managing Director for a five-year term, subject to shareholder approval. His new tenure will extend from September 1, 2025, to August 31, 2030. The decision was made at a Board meeting held on August 6, 2025, following recommendations from the Nomination and Remuneration Committee.

Shahin N. Khemani's Profile and Experience

Mr. Khemani brings extensive experience to his role:

• Over 14 years of experience in the textile industry
• Bachelor of Management Studies from Mumbai University
• Master's Degree in Technology Entrepreneurship from the University of London, UK
• Associated with Blue Chip Tex Industries for more than a decade

Initially appointed as a Director in August 2011, Khemani has been instrumental in the company's growth, focusing on business strategy, development, and research functions.

Reclassification of Roop Khemani as Public Shareholder

In a separate development, the Board has approved Mr. Roop Khemani's request to be reclassified from the 'Promoter' category to the 'Public' category shareholder. Key points regarding this reclassification include:

• Mr. Roop Khemani currently holds 0.00% shares in the company.
• He gifted his shares to other promoters in September 2021.
• Mr. Khemani has confirmed that he has relinquished all rights in the company.
• He is not part of the Board or management and has no special arrangements with the company.
• The reclassification is subject to approval from stock exchanges, including BSE Limited.

Additional Company Updates

The Board meeting also addressed several other important matters:

1. Approval of unaudited financial results for the quarter ended June 30, 2025
2. Setting the date for the 40th Annual General Meeting (AGM) on September 23, 2025
3. The AGM will be held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), in compliance with the Ministry of Corporate Affairs' guidelines

These developments signify Blue Chip Tex Industries' commitment to effective governance and strategic leadership as it continues to navigate the competitive textile industry landscape.

Blue Chip Tex Industries Limited , a prominent player in the textile industry, has announced several key developments following its recent board meeting held on August 6. The company has made significant decisions regarding its financial results, upcoming Annual General Meeting (AGM), and changes in its board structure and promoter classification.

Financial Results Approval

The Board of Directors has approved the unaudited financial results for the quarter ended June 30. These results were accompanied by a limited review report from the company's statutory auditors, ensuring compliance with regulatory requirements.

Annual General Meeting Announcement

Blue Chip Tex Industries has scheduled its 40th Annual General Meeting for September 23. In line with the ongoing trend of digital transformation in corporate governance, the company has decided to conduct the AGM virtually through video conferencing. This decision aligns with the guidelines provided by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI), which allow companies to hold virtual AGMs during the calendar year.

Board Reappointment Consideration

The board has considered the reappointment of Mr. Shahin N. Khemani as the Managing Director of the company. This decision is subject to approval by the company's members. Mr. Khemani, who holds a Bachelor's degree in Management Studies from Mumbai University and a Master's degree in Technology Entrepreneurship from the University of London, has been associated with Blue Chip Tex Industries for over a decade. With more than 14 years of experience in the textile industry, Mr. Khemani has been instrumental in the company's growth strategy, business development, and research functions.

Promoter Reclassification Request

In a significant move, the board has approved a request for reclassification of certain promoters from the 'Promoter' category to the 'Public' category. Notably, these entities currently hold no shareholding in the company. This reclassification request, particularly from Mr. Roop Khemani, was placed before the board and approved, subject to necessary regulatory approvals.

Mr. Roop Khemani, in his request, confirmed that he currently holds 0.00% shares in the company and has relinquished all rights, title, or interest in Blue Chip Tex Industries. He also stated that he is not involved in the company's management in any capacity and does not have any special rights through formal or informal arrangements.

Annual Report Distribution

In keeping with regulatory guidelines that allow for electronic document distribution, Blue Chip Tex Industries will distribute the Annual Report for 2024-25 electronically to shareholders with registered email addresses. The company has urged shareholders whose email IDs are not updated to do so promptly to receive the soft copy of the Annual Report.

These developments showcase Blue Chip Tex Industries' commitment to transparent corporate governance and adherence to regulatory norms while adapting to the evolving digital landscape in shareholder communications and meetings.