Scoobee Day Garments (India) Ltd has scheduled its 32nd Annual General Meeting for September 29, 2026. Key agenda items include the adoption of financial statements, the re-appointment of a retiring director, and a special resolution to continue K L V Narayanan as Managing Director post age 70. Shareholders will also vote on material related-party transaction limits totaling up to Rs 375 crore with entities including Kitex Limited and Kitex Garments Limited for FY 2026-27.
Scoobee Day Garments Announces 32nd AGM Details
- AGM Date: September 29, 2026
- Total Proposed Related Party Limits: Rs 375 crore
Reader Takeaway: Shareholders to vote on leadership continuity for MD K L V Narayanan and significant related-party trade agreements.
What just happened
Scoobee Day Garments (India) Limited has officially called its 32nd Annual General Meeting, which will be held via video conferencing on September 29, 2026. The meeting will focus on routine financial approvals, director re-appointments, and critical governance resolutions regarding executive management.
Why this matters
The company is seeking shareholder approval for material related-party transactions for the 2026-27 fiscal year. Proposed transaction limits include Rs 150 crore for Kitex Limited, Rs 100 crore for Kitex Garments Limited, Rs 100 crore for Anna Aluminium Private Limited, and Rs 25 crore for Anna Aluminium Company Private Limited. These are intended for ordinary business activities like the sale and purchase of goods and job work.
Leadership Update
The board has proposed a special resolution to allow K L V Narayanan to continue as Managing Director beyond the age of 70. Mr. Narayanan will turn 70 in April 2027, and his current term extends until September 30, 2027. Shareholders will also vote on the re-appointment of Dony Dominic as a director retiring by rotation.
What to track next
Eligible shareholders can participate in e-voting starting September 26, 2026, at 9:00 A.M. until September 28, 2026, at 5:00 P.M. The cut-off date for eligibility to vote is September 22, 2026. Investors should monitor the outcome of these special resolutions to ensure continuity in corporate governance and business operations.