Corporate News
PBM Polytex Limited, based in Vadodara, will seek shareholder approval at its upcoming meeting to address the future of its four wind mill undertakings, with lease agreements and Power Purchase Agreements expiring in 2027. The company, which reported for the year ending March 31, 2026, is considering options to either renew these agreements or sell, scrap, or slump-sale the assets, currently valued at Rs. 123,65,546. Managing Directors Gopal Patodia and Mohan Kumar Patodia, both with decades of experience in the textile industry, are up for reappointment, alongside Independent Director Amishal Modi. The board also proposes authorizing charitable contributions up to Rs. 18,00,000, and directors Patodia and Kumar Patodia hold significant shareholdings of 27,369 and 67,998 shares respectively.