Betex India Limited, a reputed company headquartered in Surat, Gujarat, successfully conducted its 38th Annual General Meeting (AGM) on 15th September 2025. The AGM commenced at 12.30 PM IST and concluded at 1.05 PM IST, conducted through physical mode, ensuring compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting addressed all items of business as outlined in the notice dated 13th August 2025, with all resolutions passed by the requisite majority.

The scrutinizer for the AGM, Dhirren R. Dave & Co., Company Secretaries in Whole-Time Practice, oversaw the e-voting process, verifying votes cast electronically and at the AGM polling in a fair and transparent manner. The e-voting period remained open from 12th September 2025 to 15th September 2025, and the record date for determining shareholder entitlement was 8th September 2025. Votes were verified in the presence of independent witnesses, Ms. Stuti Shah and Ms. Urvi Mehta, confirming the integrity of the voting process.

Ordinary Resolutions included:

1. Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2025 along with the Reports of the Board of Directors and Auditors. All 45 members voting cast 950,049 shares in favour, achieving 100 percent approval.

2. Reappointment of Mr. Ritesh Somani as Executive Director, retiring by rotation, approved unanimously by all shareholders.

3. Appointment of M/s HTKS & Co., Chartered Accountants as Statutory Auditors to fill casual vacancy was approved with 100 percent votes.

4. Continuation of M/s HTKS & Co. as Statutory Auditors for the Company received unanimous approval from shareholders.

Special Resolutions included:

5. Appointment of M/s Dhiren R. Dave & Co. as Secretarial Auditors for a period of five years, passed with 100 percent votes.

6. Reappointment of Mr. Mahesh Kumar Somani as Non-Executive Director of the Company, approved unanimously.

7. Approval of Related Party Transactions of the Company was passed as an Ordinary Resolution with 100 percent shareholder support.

The scrutinizer’s report confirmed the number of members who voted, shares for which votes were cast, and the percentage of votes in favour or against each resolution. In every case, the resolutions received 100 percent votes in favour and zero votes against, demonstrating strong shareholder confidence in the management and governance of the company.

The advertisement for e-voting as per Rule 20(3) of the Companies (Management and Administration) Rules, 2014 was released on 21st August 2025 in Financial Express, Ahmedabad edition in both English and Gujarati languages, 21 days before the AGM.

The successful conduct of the AGM reflects Betex India Limited’s commitment to transparency, corporate governance, and shareholder engagement. The approval of statutory auditors and secretarial auditors ensures continued compliance with statutory requirements, while reappointments of directors maintain leadership stability. Approval of related party transactions reinforces accountability and governance standards, providing shareholders confidence in the company’s operations.

The results of the AGM have been uploaded on the company website, and the report, including the scrutinizer’s details, forms part of regulatory compliance under SEBI guidelines. The smooth execution of e-voting and physical voting demonstrates the Company’s ability to effectively manage shareholder participation and ensure fair and democratic decision-making.

In conclusion, Betex India Limited’s 38th Annual General Meeting successfully passed all ordinary and special resolutions with unanimous shareholder approval, highlighting strong governance, strategic direction, and transparent management practices. The approvals pave the way for continued growth, compliance, and robust oversight of the company’s financial and operational activities.

The Upcoming IPOs in this week and coming weeks are Karbonsteel Engineering, Taurian MPS, L. T. Elevator, Galaxy Medicare, Airfloa Rail Technology, Dev Accelerator, Jay Ambe Supermarkets, Urban Company, Shringar House of Mangalsutra, .

The Current active IPO are Nilachal Carbo Metalicks, Krupalu Metals, Vashishtha Luxury Fashion, Sharvaya Metals, Vigor Plast India, Austere Systems.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.