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Acknit Industries Limited will seek shareholder approval at its upcoming Annual General Meeting to re-appoint or appoint five directors for terms of five years. Proposed for re-appointment are Rajarshi Ghosh, Shankar Lal Bajaj, and Deo Kishan Saraf, while Tushar Jhunjhunwala and Amitava Mazumder are candidates for appointment. Ghosh, aged 59, holds 228,532 shares in Acknit Industries and Saraf, also holding 228,532 shares, is the brother of the Managing Director. Bajaj, 82, and Jhunjhunwala, 46, also hold directorships in several other companies. Independent directors will receive sitting fees of Rs. 48,000 per meeting, and no other remuneration.

Acknit Industries Limited will seek shareholder approval at its upcoming annual general meeting to re-appoint Managing Director Deo Kishan Saraf for a second five-year term, extending through June 2031. The company is also proposing the appointment of Tushar Jhunjhunwala and Amitava Mazumdar for five-year terms beginning July 2026, and the re-appointment of Rajarshi Ghosh for a similar duration. Saraf, who first joined the board in 1990, holds 228,532 shares and is brother to another director, Shri Krishan Saraf. The proposed directors will each receive Rs. 48.00 lakhs in sitting fees, and possess expertise in areas including finance, manufacturing, and logistics. The appointments are subject to regulatory approvals and shareholder vote.

Net profit of Acknit Industries rose 27.49% to Rs 2.18 crore in the quarter ended June 2026 as against Rs 1.71 crore during the previous quarter ended June 2025. Sales rose 12.33% to Rs 62.06 crore in the quarter ended June 2026 as against Rs 55.25 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales62.0655.25 12 OPM %7.917.17 - PBDT3.863.07 26 PBT2.942.30 28 NP2.181.71 27 Powered by Capital Market - Live News

Acknit Industries will hold a meeting of the Board of Directors of the Company on 10 August 2026.

Acknit Industries announced that the Board of Directors of the Company at its meeting held on 27 May 2026, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.