Reliance Chemotex Industries Ltd. , a prominent player in the textile industry, successfully conducted its 47th Annual General Meeting (AGM) on September 26, 2025. The meeting, held through video conferencing, saw shareholders approving all business items on the agenda, marking significant developments for the company's leadership and governance structure.

Key Reappointments

The AGM resulted in several crucial reappointments:

1. Mr. Rahul Shroff was re-appointed as a Director liable to retire by rotation. An alumnus of the Massachusetts Institute of Technology (MIT), Mr. Shroff has been with the company since 2008. His expertise lies in streamlining manufacturing processes, with a focus on lean ideologies and analytical reasoning. He has been instrumental in diversifying the company's portfolio into industrial and medical textile markets.

2. Mr. Nand Khaitan was re-appointed as a Non-Executive & Non-Independent Director. With over four decades of experience in corporate law, commercial litigation, and arbitration, Mr. Khaitan brings valuable legal and governance expertise to the board.

3. Mr. Ameya Shroff secured a re-appointment as Whole-time Director designated as Executive Director for a three-year term from August 1, 2025, to July 31, 2028. Also an MIT graduate, Mr. Shroff joined the company in 2013 and has been pivotal in revamping the administrative framework and domestic marketing strategies.

Strategic Decisions and Governance

The AGM also saw the approval of several other important matters:

• The company declared a final dividend of ₹0.50 per equity share for the financial year ended March 31, 2025.
• Shareholders ratified the remuneration of M/s. N N & Associates as Cost Auditors for the financial year ending March 31, 2026.
• M/s. Bhandari & Associates, a prominent practicing company secretarial firm, was appointed as the Secretarial Auditors for a term of five consecutive financial years from 2025-26 to 2029-30.
• Approval was granted for the continuation of Mr. Nand Khaitan's directorship beyond his 75th birthday, which he will reach on May 21, 2026, highlighting the board's confidence in his ongoing contributions.

Leadership Continuity

The reappointments underscore Reliance Chemotex's commitment to leadership continuity and expertise. Both Mr. Rahul Shroff and Mr. Ameya Shroff, sons of Managing Director Mr. Sanjiv Shroff, represent the next generation of leadership within the company. Their reappointments signal a blend of family legacy and professional management, backed by their international education and proven track records in modernizing company operations.

Compliance and Transparency

In line with regulatory requirements, the company confirmed that none of the reappointed directors have been debarred from holding office by any SEBI order or other authorities. This affirmation reinforces Reliance Chemotex's commitment to corporate governance and regulatory compliance.

The AGM, which lasted from 11:30 AM to 11:52 AM (IST), was attended by 48 members. The company provided remote e-voting facilities and appointed M/s. Ronak Jhuthawat & Co. as the scrutinizer to ensure a fair and transparent voting process.

As Reliance Chemotex Industries Ltd. moves forward with its refreshed leadership team, the company appears well-positioned to continue its growth trajectory in the competitive textile industry, leveraging its strengths in manufacturing, innovation, and market diversification.

Reliance Chemotex Industries Ltd. (RCIL) has reported a 26% increase in net profit for the financial year 2024-25, despite facing challenges in the textile sector. The company's Board of Directors has also announced its 47th Annual General Meeting (AGM) and recommended a dividend for shareholders.

Financial Performance

For the fiscal year ended March 31, 2025, RCIL achieved:

• Total income of Rs. 36,876.71 lakh, compared to Rs. 37,145.45 lakh in FY 2023-24
• Net profit of Rs. 404.52 lakh, up from Rs. 320.99 lakh in the previous year
• Earnings per share (EPS) of Rs. 5.36, an increase from Rs. 4.26 in FY 2023-24

The company's performance is particularly noteworthy given the ongoing challenges faced by the textile industry both globally and domestically.

Operational Highlights

RCIL's domestic sales showed significant growth, increasing from Rs. 15,938.00 lakh in FY 2023-24 to Rs. 20,646.00 lakh in FY 2024-25. However, exports decreased to Rs. 14,416.00 lakh in FY 2024-25.

Dividend Announcement

The Board of Directors has recommended a dividend of Rs. 0.50 per equity share (5% of face value) for FY 2024-25, subject to shareholders' approval at the upcoming AGM.

Annual General Meeting

RCIL's 47th Annual General Meeting is scheduled for Friday, September 26, 2025, at 11:30 A.M. (IST). The meeting will be held through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with applicable regulatory guidelines.

Management Commentary

Sanjiv Shroff, Managing Director of Reliance Chemotex Industries Ltd., stated, "Despite the challenges faced by the textile sector, our company has delivered a commendable performance in FY 2024-25. The significant growth in our domestic sales and improved profitability reflect the resilience of our business model and the effectiveness of our strategies."

Future Outlook

While the company remains cautiously optimistic about the future, it continues to focus on value-added products, consistent quality, and a versatile product mix. The management expects these factors to contribute to better performance in the upcoming years.

Investors and stakeholders can access the full annual report and AGM notice on the company's website at www.reliancechemotex.com .

Reliance Chemotex Industries Ltd. is a leading manufacturer of synthetic and blended yarns, based in Udaipur, Rajasthan.