Envoy Textiles holds 28th AGM

Envoy Textiles Limited held its 28th Annual General Meeting (AGM) on Thursday with critical outcomes for its leadership and board structure, says a statement.
At the meeting, Tanvir Ahmed was re-elected Managing Director (MD) for another term of five years.
The AGM, held in a hybrid format at Gulshan Shooting Club in Dhaka, was chaired by Kutubuddin Ahmed, the founder and chairman of Envoy Textiles Limited. A major reshuffling of the board took place at 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.
She was replaced by Sunil Daulatram Daryanani, who was nominated by Epic Garments and elected a new director.
The AGM also unanimously re-elected Kutubuddin Ahmed and Sumayyah Ahmed as directors.
Adding to the backdrop of these decisions, in a previous Extra-ordinary General Meeting (EGM) held on March 2, Shehrin Salam Oishee was also not elected as Deputy Managing Director (DMD), indicating a significant shift in the company's executive leadership dynamics.