Envoy Textiles’ 28th AGM held on Thursday

Envoy Textiles Limited recently conducted its 28th Annual General Meeting (AGM) with critical outcomes for its leadership and board structure at Gulshan Shooting Club, Dhaka.

The meeting was chaired by Mr Kutubuddin Ahmed, founder and chairman of Envoy Textiles Limited. Tanvir Ahmed was re-elected as Managing Director (MD) for another term of five years, receiving more than 100 million (10 crore 63 lakh 83 thousand 178) votes in his favour, according to a press release.

A major reshuffling of the board occurred during this meeting. An overwhelming 99.97 per cent of shareholders opposed the re-election of Shehrin Salam Oishee as a director, leading to her removal from the board. In her stead, Sunil Daulatram Daryanani, nominated by Epic Garments, was elected as a new director. Furthermore, the AGM reinforced the company’s strategic direction by unanimously re-electing Kutubuddin Ahmed and Sumayyah Ahmed as directors, ensuring a continuity of strong leadership.

Adding to the backdrop of these decisions, in a previous Extra-ordinary General Meeting (EGM) held on March 2, 2024, Shehrin Salam Oishee was also not elected as Deputy Managing Director (DMD), indicating a significant shift in the company's executive leadership dynamics. These developments underscore a period of transition and strategic realignment for Envoy Textiles Limited.