Pasupati Spinning & Weaving Mills Ltd. held a board meeting on August 12, 2026, where it approved the standalone unaudited financial results for the quarter ended June 30, 2026. The board also approved the continuation of two directors, Mr. Chander Mohan Sharma and Mr. Anil Kumar Jain, subject to shareholder approval. Additionally, Mr. Bhim Sain Goyal was appointed as an Additional Director. The date for the 46th Annual General Meeting was fixed for September 30, 2026.
Board Meeting Highlights
Pasupati Spinning & Weaving Mills Ltd. announced the outcome of its Board Meeting held on August 12, 2026. The Board considered and approved several key agenda items, including the standalone unaudited financial results for the quarter ended June 30, 2026. A review report from the statutory auditor and a review of related party transactions for the same period were also noted.
Director Appointments and Continuations
Following recommendations from the Nomination & Remuneration Committee, the Board approved the continuation of Mr. Chander Mohan Sharma (DIN: 08047336) as a Whole Time Director. His continuation is approved upon attaining the age of 70 years on December 13, 2026, for the remainder of his term ending December 19, 2027, subject to shareholder approval.
Similarly, Mr. Anil Kumar Jain (DIN: 00141322) was approved for continuation as an Independent Director upon reaching the age of 75 years on January 9, 2027. His continuation is for the remainder of his term ending August 13, 2029, also subject to shareholder approval.
Furthermore, the Board approved the appointment of Mr. Bhim Sain Goyal (DIN: 02139510) as an Additional Director, effective immediately. He will serve as an Independent Director for a period of five consecutive years, from August 12, 2026, to August 11, 2031. His appointment is subject to ratification by the shareholders at the forthcoming Annual General Meeting.
The Board also took note of the resignation of Mr. Umesh Chandra Tripathi (DIN: 08364163), Independent Director, effective June 13, 2026.
Corporate Actions and Governance
The composition of the Audit Committee and the Nomination & Remuneration Committee was updated, effective August 12, 2026. The 46th Annual General Meeting of the Company has been scheduled for September 30, 2026. The Register of Members and Share Transfer Books will be closed from September 24, 2026, to September 30, 2026, inclusive, for the purpose of this AGM.
M/s Sumit Bajaj & Associates have been appointed as Scrutinizers to oversee the e-voting process and poll at the upcoming Annual General Meeting.
The Board meeting commenced at 03:00 PM and concluded at 05:00 PM.
Source: BSE
