Harish Textile Engineers Ltd — Board Meeting, 10-06-2025: Board Meeting

Harish Textile Engineers Limited has announced a board meeting approving key decisions including the re-appointment of M/s. D N Vora & Associates as Secretarial Auditors for five years and M/s. Y. S. Thakar & Co. as Cost Auditors for the financial year 2025-2026. The Board approved the sale of its Textile Processing and Finishing Machinery Business to promoter-controlled Nfinia Industries Pvt Ltd on a slump sale basis, aiming to improve overall profitability by divesting a loss-making division that contributed about 20% to revenue but dragged net worth into negative territory by Rs. 20.03 Cr. Mr. Ashwini Ramakant Gupta has been appointed as an Additional Independent Director, while Mr. Ritesh Patel resigned from the board citing other commitments. Related party transactions and key committee re-constitutions were also approved, with shareholder approval being sought via postal ballot.