Rishi Techtex Shareholders Approve Key Resolutions at 41st AGM

Rishi Techtex Limited , a prominent player in the technical textiles industry, held its 41st Annual General Meeting (AGM) on August 11, 2025, via video conferencing. The shareholders approved several significant resolutions, marking important decisions for the company's future governance and operations.

Re-appointment of Managing Director

One of the key resolutions passed at the AGM was the re-appointment of Mr. Abhishek Patel as the Managing Director of Rishi Techtex Limited. Shareholders approved a special resolution to extend Mr. Patel's tenure for three consecutive years, from April 1, 2026, to March 31, 2029. This decision reflects the company's confidence in Mr. Patel's leadership and vision for the organization's future.

New Secretarial Auditors

In another significant move, the shareholders approved the appointment of Sudhanwa S. Kalamkar & Associates as the company's Secretarial Auditors. This appointment, passed through an ordinary resolution, is for a term of five consecutive financial years, spanning from 2025-26 to 2029-30. The decision underscores the company's commitment to maintaining high standards of corporate governance and regulatory compliance.

Additional Resolutions and Voting Results

The AGM also saw the approval of other important resolutions:

Adoption of the audited financial statements for the financial year ended March 31, 2025.
Re-appointment of Mrs. Aakanksha Mikhail Verma as a director, who was liable to retire by rotation.
Approval of a material transaction with Centennial Fabrics Limited, a related party.

All resolutions were passed with overwhelming majority, demonstrating strong shareholder support for the company's decisions. The e-voting results showed 100% votes in favor for most resolutions, with only the re-appointment of Mr. Abhishek Patel as Managing Director receiving a marginal dissent of 0.0003% votes against.

Attendance and Proceedings

The AGM, conducted through video conferencing in compliance with regulatory guidelines, saw participation from 46 members. Key company officials, including Mr. Abhishek Patel (Chairman and Managing Director), Mrs. Aakanksha Mikhail Verma (Non-Executive Non-Independent Director), and Mr. Kunal Rastogi (Independent Director), attended the meeting virtually.

The meeting, which commenced at 11:00 AM, concluded at 11:40 AM after addressing shareholders' questions and completing all agenda items. Rishi Techtex Limited continues to demonstrate its commitment to transparency and shareholder engagement through these proceedings.

As the company moves forward with these approved resolutions, stakeholders will be keenly watching how these decisions shape Rishi Techtex's future strategies and performance in the dynamic technical textiles market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.10%	+0.13%	+0.31%	-9.07%	-21.60%	+180.37%

Rishi Techtex Limited, a manufacturer of plastic bags and shade nets, has reported a significant increase in its financial performance for the quarter ended June 30. The company's unaudited financial results, approved by the Board of Directors on August 5, reveal substantial growth in both revenue and profitability.

Financial Highlights

Net Profit: Rs 65.43 lakhs, up 67% from Rs 39.19 lakhs in the corresponding quarter
Revenue from Operations: Rs 3,027.60 lakhs, a 10.3% increase from Rs 2,745.94 lakhs in the previous year
Total Income: Rs 3,039.58 lakhs, compared to Rs 2,753.83 lakhs year-over-year
Earnings Per Share (EPS): Improved to Rs 0.89 from Rs 0.53 in the corresponding quarter

Operational Performance

The company's growth in revenue and profitability can be attributed to increased operational efficiency and higher sales. Despite the rise in total expenses, Rishi Techtex managed to significantly improve its bottom line.

Particulars (in Rs. Lakhs)	Current Quarter	Previous Quarter	% Change
Revenue from Operations	3,027.60	2,745.94	10.3%
Total Income	3,039.58	2,753.83	10.4%
Total Expenses	2,946.92	2,699.32	9.2%
Net Profit	65.43	39.19	67.0%
EPS (in Rs.)	0.89	0.53	67.9%

Cost Management

While the company saw an increase in expenses, it was proportionally lower than the revenue growth:

Cost of Materials Consumed: Rose to Rs 2,313.15 lakhs
Employee Benefit Expenses: Increased to Rs 332.03 lakhs

The management's ability to control costs while driving revenue growth has contributed to the improved profitability.

Company Overview

Rishi Techtex Limited specializes in manufacturing plastic bags and shade nets. The company maintains its paid-up equity share capital at Rs 739.10 lakhs.

Board Approval and Compliance

The unaudited financial results for the quarter were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 5. The results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) and other applicable accounting practices and policies.

Investor Information

The detailed financial results are available on the company's website ( www.rishitechtex.com ) and the Bombay Stock Exchange website ( www.bseindia.com ), where the company's shares are listed.

Rishi Techtex's strong start to the quarter demonstrates its ability to grow revenue and improve profitability in its niche market. Investors and stakeholders will be watching closely to see if the company can maintain this momentum in the coming quarters.