Harish Textile Engineers Limited , a Mumbai-based textile company, has successfully resolved a legal matter that was previously under court proceedings. The company has announced the closure of a court case filed under the Negotiable Instruments Act, bringing positive resolution to the legal challenge.

Case Resolution Details

The court case, which was originally filed under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881, has been officially closed. The matter was taken up before the National Lok Adalat on December 13, 2025, by the Judicial Magistrate (First Class), Court No. 73, Vikhroli, Mumbai.

Original Case Background

The legal action had stemmed from a dishonored cheque amounting to Rs. 11.72 lakh, which was issued as partial payment for outstanding dues totaling Rs. 22.42 lakh, plus interest. These dues were related to goods sold between August and November 2023. The company had received summons in November 2025 regarding this matter.

Court Proceedings and Outcome

During the National Lok Adalat proceedings, the complainant withdrew the complaint against Harish Textile Engineers Limited. As a result, the Honorable Court has acquitted the accused, cancelled any warrants issued earlier, and ordered closure of the proceedings. The order was made available on the official website of the concerned authority on December 15, 2025.

Impact Assessment

The company has confirmed that there is no material impact on the financials or operations of the company pursuant to the closure of the case. This resolution eliminates the legal uncertainty that had been hanging over the company since the original summons was received.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Harish Textile Engineers Limited has made the required disclosure to BSE Limited. The disclosure was made in continuation of the company's earlier communication dated November 5, 2025, when the original summons was first reported.

Harish Textile Engineers has announced several important corporate decisions following its Board of Directors meeting held on September 4. The company has scheduled its 15th Annual General Meeting (AGM) for September 30, to be conducted virtually through video conferencing.

Key Highlights

• Annual General Meeting: The 15th AGM is set for September 30, at 11:00 AM IST via video conferencing.
• Director Re-appointment: Mr. Sandeep Kirtikumar Gandhi, Managing Director, will seek re-appointment at the AGM after retiring by rotation.
• Secretarial Auditor Appointment: M/s. D N Vora & Associates appointed as Secretarial Auditors for five consecutive years.
• E-voting Period: Shareholders can cast their votes electronically from September 25 (9:00 AM) to September 29 (5:00 PM).
• Book Closure: Share transfer books will remain closed from September 24 to September 30.

Corporate Governance Measures

The Board has approved several resolutions that will be presented for shareholder approval at the upcoming AGM:

1. Ratification of Cost Auditor remuneration.
2. Approval of material related party transactions.
3. Proposal for approval of the company's borrowing powers.

Secretarial Auditor Appointment Details

The appointment of M/s. D N Vora & Associates as Secretarial Auditors is a significant move towards ensuring compliance with regulatory requirements. Key details include:

• Auditor: CS Dipali Vora, Proprietor of M/s. D N Vora & Associates
• Term: Five years
• Qualifications: Associate Member of The Institute of Company Secretaries of India (ICSI)
• Experience: Proficient in company law, SEBI regulations, and various business laws

AGM Participation and Voting

Shareholders should note the following important dates:

• Cut-off Date: September 23 (for e-voting eligibility and AGM participation)
• E-voting Period: September 25 (9:00 AM) to September 29 (5:00 PM)
• AGM Date: September 30 at 11:00 AM IST

The company has appointed National Securities Depository Limited (NSDL) to facilitate the virtual AGM proceedings, ensuring compliance with regulatory guidelines.

Harish Textile Engineers continues to adapt to the evolving corporate landscape, embracing digital solutions for shareholder engagement while maintaining robust governance practices.