AGM/EGM26 Sept 2026, 06:40 pm
Katare Spinning Mills Ltd: AGM Approves Auditor Change & Business Diversification
AI Summary
Katare Spinning Mills Ltd held its 46th Annual General Meeting (AGM) on September 26, 2026. Key approvals included the appointment of M/s. HiremathPatilUdgiri and Associates as statutory auditors to fill a casual vacancy and for a subsequent five-year term. The company also approved the alteration of its Memorandum of Association to diversify into Battery Energy Storage Systems (BESS). Additionally, Mr. Kishore T. Katare's continuation as Chairman and Managing Director beyond the age of 70 was approved.
Key Highlights
- New statutory auditors appointed for a five-year term.
- Company to diversify into Battery Energy Storage Systems (BESS).
- CMD continuation approved despite exceeding age 70.
- AGM proceedings concluded with shareholder approvals.
Price Impact
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