Deepak Spinners Limited , a prominent player in the textile industry, has made significant changes to its leadership and compliance team following shareholder approval at its 43rd Annual General Meeting (AGM) held on September 19, 2025. The company, known for its textile product marketing across domestic and international markets, has appointed a new Whole Time Director and a Secretarial Auditor, signaling a strategic move to strengthen its management and corporate governance.

New Leadership at the Helm

Raja Ram Kankani has been appointed as the President and Whole Time Director of Deepak Spinners Limited for a three-year term, effective May 22, 2025. The appointment, which received shareholder approval at the AGM, brings a wealth of experience to the company's leadership team.

Kankani's credentials include:

• Educational Background: M.Com and MBA (Marketing)
• Experience: Over 40 years in textile product marketing
• Previous Associations: Sutlej Textiles and Industries Limited, LNJ Bhilwara group, and Pasupati Spg & Wvg. Mills Limited

His extensive experience in both domestic and overseas markets is expected to be a valuable asset for Deepak Spinners Limited as it navigates the competitive textile industry landscape.

Strengthening Corporate Governance

In addition to the executive appointment, shareholders also approved the appointment of M/s. A. Arora & Co. as the company's Secretarial Auditor. This appointment is for a term of five consecutive financial years, from April 1, 2025, to March 31, 2030.

Key points about A. Arora & Co.:

• Registration: Practicing company secretaries firm registered with ICSI for over three decades
• Expertise: Specializes in Company Law, Securities Laws, Due Diligence, and Capital Market Transactions
• Services: Offers a wide range of services including secretarial audit, company setup, and regulatory approvals

Voting Results and Shareholder Participation

The AGM, conducted through video conferencing, saw active participation from shareholders. Here are some highlights from the voting results:

Voting on key resolutions:

Conclusion

These appointments come at a crucial time for Deepak Spinners Limited. With Raja Ram Kankani's extensive marketing experience and the professional oversight of A. Arora & Co., the company appears to be positioning itself for growth and improved corporate governance.

The strong shareholder support for these appointments, as evidenced by the voting results, suggests a positive outlook among investors regarding the company's strategic decisions. As Deepak Spinners Limited moves forward with its new leadership and compliance team, stakeholders will be watching how these changes translate into business performance and corporate practices.

Deepak Spinners Limited has reported a significant reduction in its net loss for the first quarter, according to the company's latest financial results.

Financial Performance

The textile manufacturer posted a net loss of ₹36.00 for the quarter, a substantial improvement from the ₹56.00 million loss reported in the same period last year. This represents a notable turnaround in the company's bottom line, despite challenging market conditions.

Revenue for the quarter stood at ₹1.38 billion, compared to ₹1.39 billion in the corresponding quarter of the previous year, indicating a marginal decline of approximately 0.72%.

Key Highlights

• Performance Improvement: Significant reduction in net loss despite marginal revenue decline

Board Meeting and Result Approval

The unaudited financial results were reviewed and approved by Deepak Spinners' Board of Directors at a meeting held on August 11. The meeting commenced at 4:05 PM and concluded at 4:45 PM, as disclosed in the company's regulatory filing.

Outlook

While Deepak Spinners has managed to substantially narrow its losses, the slight dip in revenue suggests that the company continues to face challenges in the textile market. The significant reduction in net loss, however, may indicate improved operational efficiency or cost management strategies implemented by the company.

Note: All financial figures are in Indian Rupees (₹).