Shareholders meeting

28th September, 2026 To, To, The Manager (Listing Department) T h e M a n a g e r ( L i s t i n g D e p a r t m e nt) BSE Limited, National Stock Exchange of India Limited, 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor, Plot No. C/1, G- P.J. Tower, Dalal Street, Fort Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001. Mumbai – 400 051, Maharashtra (NSE Scrip Code: AKSHAR) (BSE Scrip Code: 541303) Sub: Report of proceedings of 13th Annual General Meeting of the members of the Company held on Monday, 28th September, 2026 at 1:30 through Video Conference (“VC”)/ Other Audio Visual Means (“OAVM”) facility. In accordance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith summery of proceedings of the 13th Annual General Meeting of the Company held on Monday, 28th September, 2026 The Annual General meeting commenced at 1:30 p.m. (IST) and concluded at 1:53 p.m. (IST). We request you to kindly take the same on record. Thanking You, For, AKSHAR SPINTEX LIMITED Harikrushna Shamjibhai Chauhan Chairman cum Whole Time Director (DIN: 07710106) Summary of Proceeding of 13th Annual General Meeting of the Members of the Company. The 13th Annual General Meeting (“AGM”) of the Members of Akshar Spintex Limited (“the Company”) was held on Monday, 28th September, 2026 at 1:30 p.m. (IST) through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”), in accordance with the applicable provisions of the Companies Act, 2013, the rules made thereunder and the applicable circulars and guidelines issued by the Ministry of Corporate Affairs (“MCA”) and the Securities and Exchange Board of India (“SEBI”). Directors in attendance: The following Directors attended the AGM through VC/OAVM from their respective locations: 1. Mr. Harikrushna Shamjibhai Chauhan – Chairman cum Whole Time Director 2. Mr. Harry Paghdar – Executive Director 3. Mrs. Ilaben Dineshbhai Paghdar – Executive Director 4. Mr. Rohit Dobariya – Independent Director 5. Mr. Bhavin Jayantibhai Kothiya – Independent Director Other Dignitaries Mrs. Poonam P. Chief Financial officer Kapupara CS Namrata Seta Company Secretary and Compliance officer Other Representatives: The authorised representative of H. B. Kalaria & Co., Statutory Auditors, and representative of D. N. Vora & Associates, Secretarial Auditors and Scrutinizer, attended the AGM through VC/OAVM from their respective locations. Members Present "Till the conclusion of the meeting, 35 members/shareholders attended the AGM through VC/OAVM. Further, [5] members/shareholders had registered themselves as speakers for the AGM, out of whom 0 members/shareholders addressed the meeting and interacted with the Board. Accordingly, the total number of members present at the meeting was 35(Thirty Five)." The Annual General meeting commenced at 1:30 p.m. (IST) and concluded at 1:53 p.m. (IST). 4. Chairmanship of the Meeting Mr. Harikrushna Shamjibhai Chauhan, Chairman cum Whole Time Director of the Company, chaired the proceedings of the 13th AGM in accordance with the Articles of Association of the Company. CS Namrata Seta welcomed the Members and introduced the Directors and other representatives present at the AGM. The requisite quorum being present, the Chairman called the meeting to order The proceedings of the Meeting were taken forward by Mr. Harry Paghdar, Executive Director of the Company. 5. Proceedings of the Meeting Mr. Harry Paghdhar informed that Notice convening the 13th AGM and the Annual Report for the financial year ended 31st March, 2026, having already been circulated to the Members, were taken as read. Thereafter, He informed the Members that the Statutory Auditor’s Report and the Secretarial Auditor’s Report contained certain qualifications requiring specific reading before the Members. Accordingly, the relevant observations contained in the said reports, along with the explanations were read out before the Members by Mr. Harry Paghdhar. He further informed the Members that the requisite explanations and clarifications in respect of such observations had been provided in the Annual Report and were available for reference by the Members. Thereafter he Spoke about Financial Performance, Business Operations, Outlook, Shareholders' Value and Corporate Governance of the Company. Further he briefed the Members on the matters set out in the Notice convening the 13th AGM and E-voting process. The Members were informed that CS Dipali Vora, Practicing Company Secretary, had been appointed as the Scrutinizer to scrutinize the remote e-voting process and the e-voting conducted during the AGM in a fair and transparent manner. The Members were further informed that the results of remote e-voting and e-voting conducted during the AGM, together with the Scrutinizer's Report, would be placed on the website of the Company and submitted to the Stock Exchanges in accordance with the applicable provisions of the Companies Act, 2013 and the SEBI Listing Regulations. The Members who had registered themselves as speakers were given an opportunity to raise their queries and express their views. But Speakers were not Present in the Meeting There being no other business to transact, CS Namrata Seta concluded the meeting with a vote of thanks to the Members for their participation and cooperation. The meeting concluded at 1:53 p.m. (IST). BUSINESS TRANSACTED AT THE 13TH ANNUAL GENERAL MEETING he following items of business, as set out in the Notice of the 13th AGM, were considered by the Members: ORDINARY BUSINESS Item No. 1 – Adoption of Audited Financial Statements To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Reports of the Board of Directors and the Auditors thereon. Item No. 2 – Re-appointment of Mrs. Ilaben Dineshbhai Paghdar (DIN: 07591339) To re-appoint Mrs. Ilaben Dineshbhai Paghdar, who retired by rotation and, being eligible, offered herself for re-appointment as a Director of the Company. Item No. 3 – Appointment of M/s H. Jamnadas & Company, Chartered Accountants, as Statutory Auditors To appoint M/s H. Jamnadas & Company, Chartered Accountants (Firm Registration No. 104033W), as Statutory Auditors of the Company for a period of five years from the conclusion of the 13th AGM until the conclusion of the AGM to be held in the year 2031, in place of the retiring auditors, M/s H. B. Kalaria & Associates, Chartered Accountants (Firm Registration No. 104571W). SPECIAL BUSINESS Item No. 4 – Payment of Remuneration to Cost Auditors for Financial Year 2026-2027 To approve the remuneration of ₹36,000/- plus applicable taxes and actual out-of-pocket expenses payable to M/s. Mitesh Suvagiya & Co., Cost Accountants, for conducting the cost audit of the Company for the Financial year ending 31st March, 2027. Item No. 5 – Approval of Remuneration of Mrs. Ilaben Dineshbhai Paghdar To approve the remuneration payable to Mrs. Ilaben Dineshbhai Paghdar (DIN: 07591339), Executive Director, up to ₹15,00,000/- per annum, including perquisites and allowances, with effect from 1st October, 2026 for a period of three years. Item No. 6 – Re-seeking Approval for Remuneration of Mr. Harry Paghdar To re-seek approval for payment of remuneration to Mr. Harry Paghdar (DIN: 11096100), Executive Director of the Company, at ₹1,00,000/- per month, aggregating to ₹12,00,000/- per annum, including perquisites and allowances, for the period from 1st October, 2026 to 30th September, 2029, including minimum remuneration in the event of loss or inadequacy of profits in accordance with Schedule V of the Companies Act, 2013. Item No. 7 – Re-appointment of Mr. Parshotam Lakhabhai Vasoya (DIN: 09229252) as Independent Director To re-appoint Mr. Parshotam Lakhabhai Vasoya as an Independent Director of the Company for a second and final term of five consecutive years, from 28th September, 20 [Showing first 8,000 characters — download PDF for full document]