Riba Textiles Limited announced the outcome of its Board of Directors meeting held on August 31, 2026. Key decisions included the approval of the annual report for the financial year 2025-26 and the fixing of the date for the 38th Annual General Meeting on September 24, 2026. Significantly, the board reappointed Mr. Amit Garg as Managing Director and Mr. Nitin Garg as Whole-time Director for further terms, subject to shareholder approval.
Riba Textiles Board Meeting Highlights
The Board of Directors of Riba Textiles Limited convened on August 31, 2026, to discuss and transact crucial business. The meeting, which commenced at 05:30 pm and concluded at 06:00 pm, addressed several key agenda items impacting the company’s governance and future operations.
Annual Report and AGM Scheduled
The Board reviewed and approved the Director’s Report and the complete Annual Report for the financial year 2025-26, including all its annexures. Furthermore, the date for the 38th Annual General Meeting (AGM) of the company’s members was fixed for Thursday, September 24, 2026. This meeting will be conducted via Video Conferencing (VC) and other Audio-Visual Means (OAVM).
Leadership Appointments Approved
In significant leadership decisions, the Board, upon the recommendation of the Nomination and Remuneration Committee (NRC), approved the re-appointment of key managerial personnel. Mr. Amit Garg (DIN: 00202171) was reappointed as the Managing Director for a further term of 3 years. Similarly, Mr. Nitin Garg (DIN: 00202179) was reappointed as Whole-time Director for another term of 3 years. Both re-appointments are subject to the approval of the shareholders at the upcoming AGM. Additionally, Mr. Shyam Sunder Miglani (DIN: 09278229) was reappointed as an Independent Director for a second term of 5 years.
Scrutinizer Appointed for E-voting
To ensure the integrity of the voting process at the forthcoming 38th AGM, the Board appointed Mr. Vishal Gupta, proprietor of M/s Vishal Gupta & Associates, a Practicing Company Secretary, as the Scrutinizer for handling the e-voting process.
Source: BSE
