Piotex Industries Ltd — Others, 30-06-2025: AGM/EGM

Piotex Industries Limited has announced a board meeting to consider and adopt the financial results for the quarter and half-year. The company plans its 6th Annual General Meeting (AGM) through video conferencing and will seek approval for the re-appointment of Mr. Sandeep Vitthalrao Deore as a Director and appointment of Mr. Vijendra Kamalrao Deshmukh as a Non-Executive Independent Director. M/s Nirav Shah & Associates is proposed as the new Secretarial Auditor for five years. The company operates in contract manufacturing and trading of yarn, fabric, and cotton bales, with no change in business nature during the year.

Financial highlights include revenue of ₹134.36 Cr (up from ₹118.46 Cr), profit before tax of ₹4.49 Cr (up from ₹4.02 Cr), and profit after tax of ₹3.36 Cr (up from ₹3.01 Cr). The company did not declare any dividend and did not transfer amounts to reserves. Raised ₹14.47 Cr via IPO used entirely for working capital, corporate expenses, and issue costs. The Board comprises five directors with no disqualifications reported; 28 employees are on the payroll. Related party transactions were disclosed with key promoter entities. Internal controls and statutory compliance are affirmed as adequate and effective, with no reports of fraud or litigation affecting company operations.