Meyer Apparel Limited, a company listed on the Bombay Stock Exchange (BSE: 531613), has announced the appointment of Mr. Neeraj as its new Company Secretary and Compliance Officer. The appointment, effective from November 6, 2025, was approved by the company's board of directors.

Key Details of the Appointment

Professional Background

Mr. Neeraj brings experience to his new role at Meyer Apparel Limited. He is a qualified Company Secretary with expertise in various areas crucial to corporate governance and regulatory compliance. His areas of specialization include:

• Company law
• SEBI Regulations
• Foreign Exchange Management Act (FEMA)

Regulatory Compliance

The appointment of Mr. Neeraj aligns with the regulatory requirements set forth by:

1. Section 203 of the Companies Act, 2013
2. Regulation 6(1) of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015

Mr. Neeraj provided his consent to act as the Company Secretary and Compliance Officer on September 29, 2025, as required by the relevant regulations.

Company's Statement

Meyer Apparel Limited has informed the BSE about this appointment in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also submitted the necessary details as mandated by SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

This appointment is expected to strengthen Meyer Apparel Limited's corporate governance structure and ensure continued compliance with regulatory requirements.

Meyer Apparel Limited, a company specializing in wholesale and retail of men's suits and trousers, has reported its financial results for the quarter ended September 30, 2025, revealing ongoing financial challenges and a change in company leadership.

Financial Performance

The company's financial results for Q2 2025 paint a concerning picture:

While the net loss has decreased compared to the same quarter last year, the company's financial position remains precarious. The current liabilities exceed current assets by ₹3,313.44 lakhs, raising questions about the company's short-term financial stability.

Going Concern Issues

The auditors have highlighted material uncertainty regarding Meyer Apparel's ability to continue as a going concern, citing the company's financial position. This raises significant concerns about the company's future operations and financial viability.

Despite these challenges, the management has expressed confidence in generating cash flows from business operations to fund requirements. However, the substantial accumulated losses and negative net worth underscore the uphill battle the company faces in achieving financial stability.

Appointment of New Company Secretary

In a separate development, Meyer Apparel has announced the appointment of Mr. Neeraj as the new Company Secretary and Compliance Officer, effective November 6, 2025. Mr. Neeraj, described as a qualified Company Secretary, brings experience in company law, SEBI regulations, and FEMA to the role.

Looking Ahead

As Meyer Apparel grapples with its financial challenges, the appointment of a new Company Secretary may signal efforts to strengthen corporate governance and compliance. However, the company's ability to reverse its financial fortunes and address the going concern issues raised by auditors remains to be seen.

Investors and stakeholders will likely be watching closely for any signs of improvement in the company's financial performance and liquidity position in the coming quarters.