Akshar Spintex 13th AGM 2026: New Auditor for 5 Years

AGM held via video conferencing

Akshar Spintex Limited held its 13th Annual General Meeting (AGM) on September 28, 2026 through Video Conferencing (VC) or other audio visual means (OAVM). The company’s filings indicate the meeting started at 1:30 pm (IST) and concluded at 1:53 pm. A total of 35 members attended the virtual AGM. The meeting agenda included routine shareholder approvals alongside governance items such as auditor appointment and director-related resolutions. The AGM format and process followed the remote participation framework that companies have continued to use for shareholder meetings. The company also disclosed that e-voting results would be shared on its website and submitted to stock exchanges as required.

Key resolution: statutory auditor appointed until 2031

A central outcome of the 13th AGM was shareholder approval for the appointment of M/s H. Jamnadas & Company, Chartered Accountants, as the statutory auditors. The appointment is for five years, from the conclusion of this AGM until the conclusion of the AGM to be held in 2031. This approval locks in the audit firm’s tenure for the stated period, subject to applicable legal and regulatory provisions. The AGM disclosures also referenced shareholder consideration of auditor fees as part of the resolutions. The statutory auditor appointment is typically one of the most closely tracked governance items because it directly links to audit continuity and financial reporting oversight.

Directors and remuneration matters on the agenda

The AGM also included items related to ratification of remuneration for key executive directors, based on the company’s disclosures. Separately, the AGM notice referenced ordinary and special resolutions on executive compensation structures, along with other compliance-linked approvals. The broader context highlighted in the filings was a reported net loss of ₹7.39 crore for FY26 (stated as ₹738.94 lakh). While the company’s filings did not provide detailed financial line items in the provided text, the loss figure was cited alongside the governance agenda, indicating the meeting took place amid a challenging financial year. The company also disclosed that directors were re-appointed, without listing names in the provided text.

How the e-voting process was structured

Akshar Spintex disclosed a defined remote e-voting window through National Securities Depository Limited (NSDL). Remote e-voting was made available from September 23, 2026 at 9:00 am to September 27, 2026 at 5:00 pm. The cut-off date for determining eligibility to vote electronically was September 21, 2026. The company appointed CS Dipali Vora (FCS 21254) as the scrutinizer for the voting process. As disclosed, the voting results were to be placed on the company’s website and submitted to the stock exchanges in line with regulatory requirements.

Board meeting ahead of the AGM set the proposals

The company’s board meeting on September 1, 2026 approved key governance items and AGM logistics for FY26, according to the provided text. These approvals included the statutory auditor appointment proposal and director-related items, along with arrangements tied to convening the AGM. The AGM notice and the FY 2025-26 annual report were filed on September 1, 2026, describing governance updates and compliance under SEBI LODR, as referenced in the provided material. This sequencing is standard: the board approves the AGM notice and resolutions first, and shareholders subsequently vote at the AGM.

Disclosures and publication of AGM notice

The company disclosed that notice-related information regarding the 13th AGM was published in the English and Gujarati newspaper Financial Express on September 2, 2026. It also submitted the AGM notice to the stock exchange, and referenced authorisations involving NSDL for dispatch and conduct of the AGM. These steps matter for process compliance, because timely notice, publication (where applicable), and exchange intimation are part of the public record for listed companies.

What stands out from prior AGM references

The provided text also includes historical AGM-related details from earlier years. For instance, the company’s 8th AGM was stated to be scheduled on Wednesday, September 29, 2021 at 2:00 pm (IST) via VC/OAVM, with remote e-voting stated to run from September 26, 2021 (09:00 am) to September 28, 2021 (05:00 pm), and an e-voting cut-off date stated as September 22, 2021. Another cut-off date cited for determining shareholders for dispatch of the 8th AGM notice was August 27, 2021. The same older notice also stated that the register of members and share transfer books would remain closed from September 23, 2020 to September 29, 2020 for that AGM, which appears as written in the source text.

Market context and why governance items are tracked

For investors, auditor appointments and director remuneration approvals are governance signals that sit alongside financial performance. In this case, the FY26 loss figure cited in the filings provides the immediate business backdrop against which shareholders considered remuneration and oversight resolutions. The 13th AGM was also an event with a clear compliance trail: board approval on September 1, 2026, publication on September 2, 2026, remote e-voting from September 23 to September 27, 2026, and the AGM on September 28, 2026. The stock identifiers referenced in the provided text include NSE: AKSHAR and BSE: 541303.

Key facts table

Conclusion

Akshar Spintex’s 13th AGM on September 28, 2026 concluded within 23 minutes, with shareholders approving the appointment of M/s H. Jamnadas & Company as statutory auditors for a five-year term until 2031. The company also ran a defined NSDL remote e-voting process with a September 21, 2026 cut-off date and a September 23 to September 27, 2026 voting window under a designated scrutinizer. Further disclosures, including voting results, were indicated to be placed on the company website and filed with stock exchanges as per applicable requirements.