PIL Italica Lifestyle Limited to Hold 34th Annual General Meeting with Key Director Re-appointments
PIL Italica Lifestyle Limited announced the details for its 34th Annual General Meeting (AGM) scheduled for Friday, June 19, 2026. Members will have the option to attend the meeting through Video Conferencing/Other Audio Visual Means (VC/OAVM) or physically at the Company’s registered office located at Kodiyat Road, Sisarma, Udaipur - 313031.The AGM aims to transact standard corporate business, including the consideration and adoption of the Balance Sheet as of March 31, 2026, and the statement of Profit and Loss Account for the year ended on that date.
Operational Details and Voting Window
For corporate governance, the Company has set a specific timeline for stakeholders. The Register of Members and Share Transfer Books will be closed from June 13, 2026, to June 19, 2026.Shareholders have been provided a period for remote e-voting, which will commence on Tuesday, June 16, 2026, at 9:00 A.M. and conclude on Thursday, June 18, 2026, at 5:00 P.M. Voting eligibility is based on shareholdings recorded on the cut-off date (record date) of Friday, June 12, 2026.
Key Director Re-appointments and Resolutions
The AGM notice details resolutions for three significant re-appointments of directors, reflecting the continuity of the Company’s management.Whole-time Director Re-appointment
The members will consider the reappointment of Mr. Narendra Bhanawat (DIN: 00146824) as a Whole-time Director. The re-appointment period is for three years, effective from May 29, 2027.
The proposed remuneration structure for Mr. Bhanawat is detailed as follows:
| Name and Designation | Tenure | Basic Salary per Month (₹) | Perquisites and Allowances per Month (₹) |
|---|---|---|---|
| Mr. Narendra Bhanawat (Whole-time Director) | 29.05.2027 to 28.05.2030 | 35,645 | Maximum equivalent to basic salary |
| Note: Conveyance Allowance: ₹ 1,950 per month. Provident Fund Contribution: as per the rules of the Company. |
Managing Director Re-appointment
The agenda also includes considering the reappointment of Mr. Daud Ali (DIN: 00185336) as Managing Director. This re-appointment is for a period of three years, effective from April 1, 2027.
The remuneration proposed for Mr. Ali is:
| Name and Designation | Tenure | Basic Salary per Month (₹) | Perquisites and Allowances per Month (₹) |
|---|---|---|---|
| Mr. Daud Ali (Managing Director) | 01.04.2027 to 31.03.2030 | 3,20,000 | 10% of the basic salary |
Independent Director Re-appointment
Special Resolution is also presented for the re-appointment of Mr. Himanshu Surendrakumar Gupta (DIN: 09607045) as an Independent Director. His continued service is sought for a second consecutive term of five years, covering the period from May 21, 2027, to May 20, 2032.
Company Financial Snapshot
According to the records provided for the financial year 2025-26, the Company reported robust financial figures:| Metric | Amount (in Lakhs) |
|---|---|
| Total Revenue | 10870.35 |
| Total Expenses | 10264.88 |
| Profit Before Tax | 605.47 |
| Profit After Tax | 449.36 |
The company, whose nature of industry is plastic moulded furniture and other articles, commenced commercial production on March 12, 1993.
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PIL ITALICA LIFESTYLE LIMITED
PILITA Stock Price Movement
Today, PIL ITALICA LIFESTYLE LIMITED shares edged higher to close at ₹8.01, gaining 1.00% in post-market trading. The stock saw robust activity, settling the day with a total traded volume of 26,951 shares after hitting an intraday high of ₹8.19.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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