Deepak Spinners Limited has announced its decision to conduct a postal ballot process to seek shareholder consent for proposed alterations and amendments to the company's Memorandum and Articles of Association. The Board of Directors authorized this process through a resolution passed on December 15, 2025.

Shareholder Eligibility and Cut-off Date

The company has established clear parameters for shareholder participation in the postal ballot process. Members whose names appear in the Register of Members or list of Beneficial Owners as of Friday, December 26, 2025, will be entitled to vote on the resolutions set forth in the notice. This cut-off date serves as the record date for determining voting eligibility.

Scrutinizer Appointment

The Board has appointed Shri Ajay K. Arora, a Practicing Company Secretary with Membership number 2191 and Certificate of Practice number 993, as the scrutinizer for conducting the postal ballot process. The scrutinizer will oversee the entire voting procedure and ensure compliance with regulatory requirements.

Postal Ballot Timeline

The company has released a comprehensive timeline for the postal ballot process, outlining key dates and milestones:

Voting Process and Communication

The postal ballot process will be conducted entirely through electronic means, with the company completing the dispatch of notices by December 30, 2025. Shareholders will have a full month to cast their votes, from January 1, 2026, to January 30, 2026. The company will publish the completion of dispatch in newspapers on December 31, 2025, ensuring transparency in the communication process.

Corporate Compliance

This postal ballot initiative demonstrates Deepak Spinners Limited's commitment to corporate governance and regulatory compliance. The company, incorporated under the Corporate Identification Number L17111HP1982PLCO16465, is conducting this process in accordance with applicable regulations. The systematic approach to the postal ballot, including the appointment of an independent scrutinizer and detailed timeline, reflects adherence to best practices in corporate decision-making.

Deepak Spinners Limited, a prominent player in the textile industry, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's performance reflects stability in a challenging market environment.

Financial Highlights

Key Takeaways

• Revenue Performance: Deepak Spinners reported a revenue from operations of Rs. 135.47 crore for the quarter ended September 30, 2025.
• Profitability: The company maintained profitability with a profit before tax of Rs. 2.63 crore, despite challenging market conditions.
• Balance Sheet: As of September 30, 2025, the company's total assets stood at Rs. 326.23 crore, showing a slight decrease from Rs. 332.52 crore in the previous period.
• Equity Position: The total equity remained robust at Rs. 223.30 crore, indicating a strong financial foundation.

Corporate Governance

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The board meeting, held on November 4, 2025, commenced at 4:17 p.m. and concluded at 5:15 p.m., demonstrating the company's commitment to timely disclosure and transparency.

Regulatory Compliance

In adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Deepak Spinners Limited promptly filed its unaudited financial results with the BSE Limited. This compliance underscores the company's dedication to maintaining good corporate governance practices and keeping shareholders informed.

The textile industry continues to face various challenges, including market volatility and economic uncertainties. Deepak Spinners' ability to maintain profitability in this environment suggests resilience in its business model and operational efficiency.