Cravatex Ltd

📊 Cravatex Ltd Seeks Shareholder Approval for CFO Re-appointment

• Seeking approval for Mr. Divakar G. Kamath's re-appointment as Executive Director & CFO from April 1, 2026, to March 31, 2029

• Proposed annual remuneration up to ₹42.70 lakhs

• Mr. Kamath is 69 years old and will turn 70 in June 2026, requiring special resolution approval

• Voting period: April 29 to May 28, 2026 via remote e-voting through NSDL

• Results to be announced on May 29, 2026

• Mr. Kamath has over 32 years of corporate banking and finance experience

• Currently earns ₹39.53 lakhs annually with no company shareholding

• Company reported profit before tax of ₹539.05 lakhs for 2024-25

• Paid-up equity capital: ₹258.42 lakhs; Reserves: ₹1,891.90 lakhs