Akshar Spintex Limited holds 13th AGM on Sep 28, 2026, discusses financial statements & director appointments
Akshar Spintex Limited held its 13th AGM on Sep 28, 2026. Key decisions included adopting FY26 financial statements, re-appointing directors, and appointing new statutory auditors. Remuneration for directors Mrs. Ilaben Dineshbhai Paghdar and Mr. Harry Paghdar was approved. New independent directors were appointed, and the Chairman's re-appointment was approved.
The AGM involves key corporate governance decisions such as director appointments, auditor changes, and remuneration approvals, which can have a medium-term impact on the company's operations and governance structure.
The announcement details the proceedings of an Annual General Meeting, including routine appointments and approvals. There are no significant positive or negative financial or strategic developments mentioned.
Akshar Spintex Limited convened its 13th Annual General Meeting (AGM) on Monday, September 28, 2026. The meeting commenced at 1:30 p.m. IST and concluded at 1:53 p.m. IST, conducted via Video Conference (VC)/Other Audio Visual Means (OAVM) in compliance with the Companies Act, 2013 and SEBI guidelines.
Several directors attended the AGM, including Mr. Harikrushna Shamjibhai Chauhan (Chairman cum Whole Time Director), Mr. Harry Paghdar (Executive Director), Mrs. Ilaben Dineshbhai Paghdar (Executive Director), Mr. Rohit Dobariya (Independent Director), and Mr. Bhavin Jayantibhai Kothiya (Independent Director). The Chief Financial Officer, Mrs. Poonam P. Kapupara, and Company Secretary, CS Namrata Seta, were also present.
The AGM agenda included the adoption of Audited Financial Statements for the financial year ended March 31, 2026, along with the Board and Auditors' reports. Key decisions involved the re-appointment of Mrs. Ilaben Dineshbhai Paghdar as a Director, the appointment of M/s. H. Jamnadas & Company as Statutory Auditors for a five-year term commencing post-AGM 2026 until AGM 2031, and the approval of remuneration for Cost Auditors.
Further business transacted included the approval of remuneration for Mrs. Ilaben Dineshbhai Paghdar (Executive Director) up to ₹15,00,000 per annum from October 1, 2026, for three years. The remuneration for Mr. Harry Paghdar (Executive Director) was also re-sought at ₹1,00,000 per month, aggregating to ₹12,00,000 per annum, for the period from October 1, 2026, to September 30, 2029. Additionally, the re-appointment of Mr. Parshotam Lakhabhai Vasoya as an Independent Director for a second term (September 28, 2026, to September 27, 2031) and the appointment of Mr. Sureshkumar Chaturbhai Gajera as an Independent Director for five years (September 28, 2026, to September 27, 2031) were approved. The re-appointment of Mr. Harikrushna Shamjibhai Chauhan as Chairman cum Whole-time Director for three years (January 8, 2027, to January 7, 2030) and the approval of his remuneration at ₹30,00,000 per annum were also on the agenda.
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Akshar Spintex Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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