Angel Fibers Ltd — Important, 25-08-2026: Company Update

Angel Fibers Limited held its Annual General Meeting where shareholders adopted the audited financial statements for the financial year ended March 31, 2026. The Chairman discussed the company's performance, noting a decrease in profit for the year but expressed optimism for future growth. Key resolutions approved included the re-appointment of Mr. Pankaj Becharbhai Bhimani as a Director and Mr. Rutvikkumar Prabhudas Bhensdadiya as an Independent Director for a second term. Shareholders also approved remuneration for the Cost Auditor and several material Related Party Transactions with Redeco Fibers, Haripriya Spinning Mill, and Murlidhar Worldtrade.