Atharv Enterprises Ltd

AGM Details

• Date: 29-09-2026; start 3:00 PM, end 3:25 PM.
• Mode: VC/OAVM.
• Record date: 22-09-2026.

Key Resolutions

• Adopt Audited Financial Statements for FY 2025-26; passed with 99.40% in favour.
• Re-appoint Vandana Pramod Gadiya as Director by rotation; passed.
• Re-appoint statutory auditors for five years; remuneration to be fixed.
• Re-appoint Pramod Gadiya as Managing Director for five years.
• Increase in managerial remuneration of MD Pramod Kumar Gadiya.
• Increase in remuneration of Executive Director and CFO Vandana Pramod Gadiya.
• Approval of RPT: commission to Mr. Punit Gadiya (relative of Director).
• Approval of RPT: commission to Ms. Bhumi Gadiya (relative of Director).

Dividend

• No dividend proposed or declared.

Director Changes

• Vandana Pramod Gadiya re-appointed as Director by rotation.
• Pramod Gadiya appointed Managing Director for five years.

Auditors

• Statutory auditors re-appointed for five years; remuneration to be fixed.

Related Party Transactions

• Two related-party commissions to director-relatives approved.

AGM Details

• AGM held 29 September 2026 via VC/OVAM from 3:00 PM to 3:25 PM.

Resolutions & Outcomes

• Ordinary: Adopt Audited financial statements for FY ended March 31, 2026; approved by shareholders.
• Ordinary: Appoint Vandana Pramod Gadiya by rotation; re-appointment approved.
• Ordinary: Re-appoint Shweta Jain & Co LLP as statutory auditors for five years; remuneration to be fixed.
• Special: Re-appoint Pramod Gadiya as Managing Director for five years.
• Special: Increase in managerial remuneration of MD Pramod Kumar Gadiya.
• Special: Increase in remuneration of Executive Director and CFO Vandana Pramod Gadiya.
• Special: Approve material related party transaction – commission to relative Mr. Punit Gadiya.
• Special: Approve material related party transaction – commission to relative Ms. Bhumi Gadiya.

Dividend

• No dividend proposed or declared.

Director Changes

• Vandana Pramod Gadiya reappointed as director.

Auditor Appointments

• Shweta Jain & Co LLP reappointed as statutory auditors for five years; remuneration to be fixed.

Material Related Party Transactions

• Commission to director-relative Mr. Punit Gadiya approved.
• Commission to director-relative Ms. Bhumi Gadiya approved.

Atharv Enterprises Limited: Trading window closed from October 01, 2026 until 48 hours after the declaration of Un-Audited Financial Results for the Second Quarter and half year ended September 30, 2026.

Financial snapshot

• Revenue from operations: ₹48.33 Lakhs for year ended 31-03-2026.
• Total income: ₹384.92 Lakhs, including ₹336.59 Lakhs other income.
• Profit before tax: ₹24.75 Lakhs; Profit after tax: ₹18.58 Lakhs.
• Dividend: Board did not declare any dividend for the year.

Operations & growth

• Single textile segment; MMF expansion planned to strengthen growth.
• Domestic demand ~80%; focus on fast fashion, athleisure, home textiles.
• FTAs: UK/EU expanding export market access.
• China+1 diversification supports Indian exporters.

Governance

• Board size six: 2 executive, 3 independent, 1 non-exec non-independent.
• Auditors: Shweta Jain & Co LLP appointed for five years; J. Singh resigned.
• Audit Committee met seven times; NRC twice; Stakeholders Committee twice.
• Independent directors meet; independence declarations filed; annual board and committee evaluation conducted.

Remuneration & related-party transactions

• MD remuneration proposed up to Rs 1.5 Lakh per month; salary Rs 1.25 Lakh.
• Executive Director remuneration up to Rs 1 Lakh per month; salary Rs 80k.
• Rs 1,00,000 monthly commission to Punit Gadiya (MD's son) approved.
• Rs 2,00,000 monthly commission to Bhumi Gadiya (MD's daughter) approved.
• Related party transactions require special resolutions due to materiality threshold.
• RPTs are arm's length and in ordinary course; no other material RPT.

Outlook & risks

• Domestic textile market around $194B in 2025-26, ~5% annual growth.
• UK/EU FTAs expected to expand market access.
• Tariff volatility risk; US tariffs fluctuations; MSP cotton premium pressures margins.
• Competition from Bangladesh and Vietnam; ESG/compliance costs rising.

Audit & compliance

• Internal controls adequate; internal audit by professional CA firm.
• CFO certification affirms true and fair view of financials.
• Secretarial audit: Annexure A; minor SEBI LODR filing delays with SOP fines paid.
• No subsidiary; 96.10% shares dematerialised; governance certificates on file.

Capital structure & shareholding

• Authorised capital ₹18.00 Crore; issued/paid-up ₹17.00 Crore.
• Shareholding as on 31-03-2026: Indian Public 85.05%; Promoter 7.17%.
• Dematerialised shares: 96.10% of equity; NSDL/CDSL distribution provided.
• No subsidiary; no GDRs/ADRs or convertible instruments.

Book Closure & AGM Details

• Book closure: 22 September 2026 to 29 September 2026 (inclusive).
• Purpose: 36th AGM for FY 2025-26.
• Cut-off date to vote on AGM resolutions; determines voting eligibility: 22 September 2026.
• AGM date and time: 29 September 2026 at 3:00 PM IST.
• E-voting window: 25 September 2026, 09:00 IST to 28 September 2026, 17:00 IST.
• Security type: Equity shares of Atharv Enterprises Limited.

AGM Details

• Date, time, mode: 29 September 2026 at 3:00 PM IST, via VC/OAVM.
• Record/book closure: 22 September 2026 to 29 September 2026 (inclusive).

Ordinary Business

• Adoption of Audited Financial Statements for the year ended 31 March 2026.
• Re-appointment of Vandana Pramod Gadiya, retiring by rotation.
• Re-appointment of M/s Shweta Jain & Co LLP as Statutory Auditors for five years.

Special Business

• Item 4: Re-appoint Pramod Kumar Gadiya as Managing Director for five years.
• Item 5: MD remuneration increased up to Rs 1,50,000 per month from Apr 2026.
• Item 6: Executive Director Vandana Pramod Gadiya remuneration up to Rs 1,00,000 per month.
• Item 7: Material RPT—Rs 1,00,000 monthly commission to Punit Gadiya (relative).
• Item 8: Material RPT—Rs 2,00,000 monthly commission to Bhumi Gadiya (relative).

Directors

• Vandana Pramod Gadiya: Executive Director; remuneration revised as per Item 6.
• Pramod Kumar Gadiya: to be re-appointed Managing Director for five years; non-rotational.

Auditors

• Statutory Auditors: Re-appointment of Shweta Jain & Co LLP for five years; remuneration to be fixed.

Related Party Transactions

• Item 7: Rs 1,00,000 monthly commission to Punit Gadiya (relative of MD).
• Item 8: Rs 2,00,000 monthly commission to Bhumi Gadiya (relative of MD).

Key Board Decisions

• Re-appointment of Vandana Pramod Gadiya as Executive Director liable to retire by rotation.
• Re-appointment of Pramod Kumar Gadiya as Managing Director w.e.f. 01 August 2027, subject to member approval.
• Appointment of M/s Shweta Jain & Co LLP as statutory auditors for five years, subject to members' approval.
• Revision in remuneration of Pramod Kumar Gadiya, Managing Director, subject to member approval.
• Revision in remuneration of Vandana Pramod Gadiya, Executive Director, subject to member approval.
• Material related party transactions with relatives: commissions to Punit Gadiya Rs 1 lakh/month; Bhumi Gadiya Rs 2 lakh/month.
• Fixed 42nd AGM date/time/venue and book closure.
• Appointed Scrutinizer for the 36th AGM.
• Authorized Directors to sign Annual Return.