Raghuvir Synthetics Ltd

AGM Details

• AGM held on 28 September 2026 at 12:30 PM (physical).
• Mode: physical at registered office.
• Record date for e-voting: 21 September 2026.
• Remote e-voting period: 25–27 September 2026.

Key Resolutions

• Resolution 1: Ordinary—Adoption of standalone financial statements for year ended 31 March 2026.
• Resolution 2: Ordinary—Adoption of consolidated financial statements for year ended 31 March 2026.
• Resolution 3: Ordinary—Re-appointment of Yash Sunil Agarwal as Director.
• Resolution 4: Ordinary—Remuneration payable to Cost Auditor for FY 2026-27.
• Resolution 5: Special—Remuneration to Chairman and Managing Director for FY 2026-27.
• Resolution 6: Ordinary—Appointment of Aayush Kamleshbhai Shah as Independent Director.
• Resolution 7: Ordinary—Appointment of Ankita Vivekkumar Shah as Independent Director.
• Resolution 8: Ordinary—Appointment of Hema Lakhmichand Advani as Independent Director.
• Resolution 9: Ordinary—Appointment of Kiran Nitesh Prajapati as Independent Director.
• Resolution 10: Ordinary—RPT with Dreamsoft Bedsheets Private Limited for FY 2026-27.
• Resolution 11: Ordinary—RPT with HYS Industries Private Limited for FY 2026-27.
• Resolution 12: Ordinary—RPT with Raghuvir Exim Limited for FY 2026-27.
• Resolution 13: Ordinary—RPT with HYS Developers LLP for FY 2026-27.
• Resolution 14: Ordinary—RPT with HYS LifeCare LLP for FY 2026-27.
• Resolution 15: Ordinary—RPT with Sagar Textile Mills Private Limited for FY 2026-27.

Voting Results Summary

• All resolutions passed with requisite majority; no resolution failed.
• Promoter favorable votes in RPT matters not considered for passing those resolutions.

Directors & KMP Changes

• Yash Sunil Agarwal reappointed as Director (rotational).
• Sunil Raghuvirprasad Agarwal appointed Chairman and Managing Director for FY 2026-27.
• Ankita Vivekkumar Shah appointed Independent Director.
• Hema Lakhmichand Advani appointed Independent Director.
• Kiran Nitesh Prajapati appointed Independent Director.
• Aayush Kamleshbhai Shah appointed Independent Director.

Related Party Transactions

• RPT approved with Dreamsoft Bedsheets Private Limited for FY 2026-27.
• RPT approved with HYS Industries Private Limited for FY 2026-27.
• RPT approved with Raghuvir Exim Limited for FY 2026-27.
• RPT approved with HYS Developers LLP for FY 2026-27.
• RPT approved with HYS LifeCare LLP for FY 2026-27.
• RPT approved with SAGAR Textile Mills Private Limited for FY 2026-27.

AGM Details

• AGM held 28 September 2026, 12:30 PM to 1:20 PM, at the registered office, Ahmedabad.

Key Resolutions

• Ordinary: adopt standalone financial statements for the year ended 31 March 2026 — Passed.
• Ordinary: adopt consolidated financial statements for the year ended 31 March 2026 — Passed.
• Ordinary: re-appoint Yash Sunil Agarwal by rotation — Passed.
• Ordinary: remuneration of Cost Auditor for 2026-27 ratified — Passed.
• Special: re-appointment of Sunil Raghubirprasad Agarwal as CMD — Passed.
• Ordinary: appoint Aayush Kamleshbhai Shah as independent director — Passed.
• Ordinary: appoint Ankita Vivekkumar Shah as independent director — Passed.
• Ordinary: appoint Hema Lakhmichand Advani as independent director — Passed.
• Ordinary: appoint Kiran Nitesh Prajapati as independent director — Passed.
• Ordinary: approve material RPT with Dreamsoft Bedsheets Private Limited — Passed.
• Ordinary: approve material RPT with HYS Industries Private Limited — Passed.
• Ordinary: approve material RPT with Raghuvir Exim Limited — Passed.
• Ordinary: approve material RPT with HYS Developers LLP — Passed.
• Ordinary: approve material RPT with HYS Lifecare LLP — Passed.
• Ordinary: approve material RPT with The Sagar Textile Mills Private Limited — Passed.

Voting Results

• Resolutions passed with requisite majority; no dissent recorded.

Director Changes

• Re-appointment of Yash Sunil Agarwal by rotation.
• Appointment of Aayush Kamleshbhai Shah as independent director.
• Appointment of Ankita Vivekkumar Shah as independent director.
• Appointment of Hema Lakhmichand Advani as independent director.
• Appointment of Kiran Nitesh Prajapati as independent director.
• Re-appointment of Sunil Raghubirprasad Agarwal as CMD.

Auditors

• Cost Auditor remuneration for FY 2026-27 approved.

Related Party Transactions

• Dreamsoft Bedsheets Private Limited RPT approved for FY 2026-27.
• HYS Industries Private Limited RPT approved for FY 2026-27.
• Raghuvir Exim Limited RPT approved for FY 2026-27.
• HYS Developers LLP RPT approved for FY 2026-27.
• HYS Lifecare LLP RPT approved for FY 2026-27.
• The Sagar Textile Mills Private Limited RPT approved for FY 2026-27.

Raghuvir Synthetics Limited — Trading Window Closure from 1 October 2026 until 48 hours after the declaration of unaudited financial statements for the quarter ended 30 September 2026

Cost Auditor Appointment

• Appointed M/s Anuj Aggarwal & Co as Cost Auditor for FY 2026-27, subject to remuneration approval by shareholders.

MD Re-appointment

• Re-appointment of Sunil Raghubirprasad Agarwal as Chairman & MD, effective 1 July 2027; husband of Pamita Sunil Agarwal.

Scrutinizer Appointment

• Appointed M/s Jinang Shah & Associates as Scrutinizer for e-voting and AGM voting, effective 03/09/2026.

GST Show Cause Update

• Show Cause Notice issued under CGST/ Gujarat GST Acts for FY 2020-21 to 2024-25.
• Aggregate tax, interest and penalty amount approx. ₹2,24,20,454.
• ITC is claimed to have been appropriately availed under GST provisions.
• No material impact on company operations.
• Company reviewing the notice and will respond within prescribed time.
• Authority: DG GST Intelligence Ahmedabad Zonal Unit and GST Department.
• Delay in disclosure: submitted 21 Aug 2026 due to internal review; one-day delay.
• Monitoring and will inform exchanges of material developments as required.

GST proceedings update

• Show Cause Notice from DG GST Intelligence Ahmedabad and GST Dept under CGST Act.
• Dates: notice dated 18 Aug 2026; GST DRC-01 issued 19 Aug 2026.
• FY 2020-21 to 2024-25 covered; alleged ITC violations under Section 74/74A.
• Total amount indicated: ₹2,24,20,454 comprised of tax, interest and penalty.
• Company believes ITC was appropriately availed; preparing response within time.
• No material impact on operations; company will monitor and inform exchanges.

Financial results approved

• Unaudited standalone results for quarter ended 30 June 2026 approved.

Independent directors appointed

• Ms. Hema Lakhmichand Advani appointed as Non-Executive Independent Director for five years from 13.08.2026, subject to shareholders' approval.
• Ms. Kiran Nitesh Prajapati appointed as Non-Executive Independent Director for five years from 13.08.2026, subject to shareholders' approval.

Resignations of independent directors

• Mr. Alpesh Dinesh Kumar Shah resigned as Independent Director, ceasing Audit, Nomination & Remuneration, and Stakeholders Relationship committees.
• Mr. Punambhai Bhailalbhai Patel resigned as Independent Director.

Committee reconstitution

• Reconstitution of Audit, Nomination & Remuneration, and Stakeholders Relationship Committees due to new appointments and resignations.

GST update

• Intimation received under Section 74(5) CGST for FY 2020-21 and 2021-22; payable ₹3.76 crore.
• Earlier disclosure referenced ₹1.88 crore; company seeking clarification from GST authorities.
• ITC was appropriately availed under GST provisions, per company view.
• No material impact on operations; monitoring and will inform exchanges of material developments.
• Date of receipt: 10 August 2026.

Dematerialisation processing and certificate actions

• Dematerialisation requests processed; securities listed on exchanges.
• Physical certificates for dematerialisation mutilated and cancelled after verification; ownership updated.
• Acceptance/rejection to depositories confirmed by the RTA.

EGM filing

• Company submitted the scrutinizer’s report for the EGM held on 25 April 2026.