Acknit Industries Ltd — Important, 18-08-2025: Company Update

ACKNIT Industries has announced its 35th Annual General Meeting to adopt the financial results for the latest fiscal year and consider a dividend of ₹1.50 per share. The company proposes shareholder approval for material related party transactions, vital for ongoing business. These transactions, which included ₹35.02 Cr with Acme Safety Wears and ₹9.00 Cr with Safewell Industries in the last fiscal year, aim for up to 30% of previous year's turnover and will be at arm's length. Eligibility for the dividend will be based on the established record date. The meeting also includes the re-appointment of Mrs. Rashi Saraf as Director and the appointment of a Secretarial Auditor, reinforcing governance.