Modern Threads to hold 44th AGM on Sep 30, proposes CMD re-appointment and charitable contributions
The announcement details the 44th Annual General Meeting agenda, which includes significant corporate governance matters such as the re-appointment of the Chairman and Managing Director, approval of financial statements, and proposals for charitable contributions and auditor appointments. These decisions are important for the company's strategic direction and compliance.
The company is proposing the re-appointment of its Chairman and Managing Director, Shri Rajesh Ranka, for another three-year term with an increase in remuneration, indicating confidence in his leadership and the company's stability. The proposal for charitable contributions also suggests a healthy financial position.
* Modern Threads (India) Limited will hold its 44th Annual General Meeting (AGM) on Tuesday, 30th September, 2025, at 11:00 A.M. (IST) at its registered office in Bhilwara, Rajasthan. * The Register of Members and Share Transfer Book will remain closed from Wednesday, 24th September, 2025, to Tuesday, 30th September, 2025 (both days inclusive). * The cut-off date for remote e-voting is Tuesday, 23rd September, 2025, with the e-voting period commencing on Saturday, 27th September, 2025 (9:00 A.M.) and ending on Monday, 29th September, 2025 (5:00 P.M.). * Key agenda items for the AGM include: * Adoption of the Audited Financial Statements for the financial year ended 31st March, 2025. * Re-appointment of Mrs. Veena Jain as a Director, who retires by rotation. * Re-appointment of Shri Rajesh Ranka as Chairman and Managing Director for a further period of three years, effective 1st July, 2025. His proposed remuneration includes a basic salary of ₹4,40,000 per month from 1st July, 2025, increasing by ₹40,000 per month annually for the next two years, along with other perquisites. * Seeking approval to contribute to bonafide charitable and other funds, not exceeding 5% of the average net profit for the three immediately preceding financial years or ₹3 crore, whichever is greater, in any financial year. * Appointment of M/s. R.K. Jain & Associates as Secretarial Auditors for a first term of five consecutive years commencing from the financial year 2025-26, at a remuneration of ₹75,000 per annum plus applicable taxes for FY 2025-26. * Ratification of remuneration for M/s S. Goyal & Co., Cost Accountants, at ₹50,000 plus applicable GST and reimbursement of actual out-of-pocket expenses for the financial year 2025-26.
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Modern Threads (India) Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. 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 Modern Threads (India) Limited. Read the original for the full detail.