Lorenzini Apparels Holds 19th AGM; Approves Name Change to MONTEIL LIMITED
Lorenzini Apparels Limited held its 19th AGM on September 18, 2026. The company reported a profit after tax of ₹435.28 Lakh for FY 2025-26, down from ₹583.64 Lakh in the prior year. No dividend was recommended for FY 2025-26. A significant resolution approved the company's name change to MONTEIL LIMITED.
The AGM's outcome includes a name change which might impact brand perception and potentially investor interest. The decline in profit and no dividend payout are negative financial indicators, but the overall impact is balanced by the corporate actions taken.
The announcement details the proceedings of an AGM, including financial performance which shows a decline in profit and no dividend payout. However, the approval of a name change to MONTEIL LIMITED and the regularization of auditors are neutral corporate actions.
Lorenzini Apparels Limited convened its 19th Annual General Meeting (AGM) on September 18, 2026, conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting commenced at 04:00 P.M. (IST) and concluded at 04:25 P.M. (IST).
During the AGM, the audited financial statements for the financial year ended March 31, 2026, were presented. The company reported a profit after tax of ₹435.28 Lakh for FY 2025-26, a decrease from ₹583.64 Lakh in the previous year, with earnings per share at ₹0.25 compared to ₹0.34 in FY 2024-25. The decline in profit was attributed to the impact of the Middle East crisis on raw material imports for third-party manufacturers. Consequently, the Board decided not to recommend any dividend for FY 2025-26 due to funding requirements for future business opportunities.
Key agenda items included the adoption of the audited financial statements, the re-appointment of Mrs. Supreet Kaur Rekhi as a Director, and crucially, the approval for a change in the company's name from Lorenzini Apparels Limited to MONTEIL LIMITED. This name change, along with consequential alterations to the Memorandum and Articles of Association, was approved to reflect a more contemporary brand identity. Additionally, the regularization and appointment of M/s. A D M S & Associates as Statutory Auditors were approved, following the resignation of M/s. Mittal & Associates. The company also utilized remote e-voting and e-voting during the AGM, with the results to be declared within statutory timelines.
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Lorenzini Apparels 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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See the model portfoliosA plain-language summary of a public exchange filing by Lorenzini Apparels Limited. Read the original for the full detail.