Winsome Textile Industries Limited , a prominent player in the textile sector, held its 44th Annual General Meeting (AGM) on September 24, 2025, at its registered office in Baddi, Himachal Pradesh. The shareholders approved several significant resolutions, including key executive re-appointments and the appointment of a new secretarial auditor.

Executive Re-appointments

The shareholders gave their nod to the re-appointment of two key executives:

1. Anil Kumar Sharma: Re-appointed as Executive Director and CEO for a three-year term, effective February 12, 2026. Mr. Sharma, 71, holds a B.Tech degree and an MBA from Punjab Agriculture University, Ludhiana. He has been serving as the Executive Director & CEO since February 2020 and has been instrumental in market development and brand management for the company.

2. Ashish Bagrodia: Re-appointed as Chairman & Managing Director for a five-year term, with remuneration approved for three years, effective February 1, 2026. Mr. Bagrodia, 55, is a mechanical engineer with over two decades of experience in the textile industry. As a company promoter, he has played a crucial role in establishing Winsome Textile's second spinning unit and a hydro power project.

New Secretarial Auditor

The AGM also saw the appointment of Ramesh Bhatia as the company's Secretarial Auditor for five consecutive years, from FY 2025-26 to 2029-30. Mr. Bhatia is a seasoned professional with over three decades of experience in core secretarial, legal, and corporate law matters.

Other Key Resolutions

Shareholders also approved the following resolutions:

1. Adoption of the audited financial statements for the year ended March 31, 2025, along with the reports of the Board of Directors and Auditors.
2. Ratification of the remuneration for the Cost Auditor for FY 2025-26.

Voting Results

The resolutions were passed with a significant majority. The e-voting results showed that most resolutions received over 99% votes in favor, with only a small fraction voting against.

Winsome Textile Industries Limited continues to strengthen its leadership team and corporate governance practices with these appointments and re-appointments. The company, known for its spinning units and hydro power project, looks set to build on its established presence in the textile industry under the continued guidance of its experienced leadership.

Winsome Textile Industries has successfully restored operations at its 3.5 MW Small Hydro Power (SHP) unit in Dharamshala, Himachal Pradesh, following a recent disruption. The company announced that the unit resumed functioning during the night of August 19-20, 2025.

Ongoing Assessment of Damages

The exact extent of physical and operational losses is still being determined. Challenging weather conditions have hampered efforts to conduct a comprehensive examination of the entire site layout. Winsome Textile Industries has stated that it will take some time to ascertain the full impact of the disruption.

Insurance Surveyor Deployed

In response to the incident, the company's insurance provider has dispatched a surveyor to assess both the physical and operational damages. This step is crucial in determining the financial implications of the disruption.

Financial Impact Yet to Be Determined

The company has assured stakeholders that it will communicate the precise financial impact to the stock exchanges once it has been thoroughly evaluated. This assessment will be based on the company's internal review as well as the findings of the insurance surveyors.

Company's Commitment to Transparency

In line with regulatory requirements, Winsome Textile Industries has promptly disclosed this information under Regulation 30 of SEBI (LODR) Regulations 2015. The company's proactive approach in keeping the market informed demonstrates its commitment to transparency and compliance.

About the Affected Unit

The affected 3.5 MW Small Hydro Power unit is located in Dharamshala, Himachal Pradesh. It is an important asset in Winsome Textile Industries' power generation portfolio, contributing to the company's operations in the region.

As the situation develops, investors and stakeholders are advised to stay tuned for further updates from the company regarding the final assessment of damages and any potential impact on its operations or financial performance.