ALPHA TRIBE

Harish Textile Engineers LtdOthers, 14-07-2025: AGM/EGM

14-07-2025 | 06:53 pm

Harish Textile Engineers shareholders have overwhelmingly approved all four postal ballot resolutions. This greenlights the sale of its textile processing and finishing machinery business to a promoter-owned company via slump sale, along with the associated related party transaction. Shareholders also approved a related party transaction for the registered office premises' leave and license arrangement. Additionally, the appointment of Mr. Ashwini Ramakant Gupta as a Non-Executive, Independent Director was passed. These approvals, with over 99% votes in favor from non-interested parties for the business sale items, pave the way for key strategic and governance changes.

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