40th AGM of Shareholders on 30th September 2025 of Advance Petrochemicals Limited
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Advance Petrochemicals has called its 40th AGM on 30th September 2025 at 2:00 p.m. at its factory in Piplej, Ahmedabad. Key resolutions include adoption of FY25 audited financials, re-appointment of director Ms. Aanchal Goenka (retiring by rotation), and re-appointment of statutory auditors M/s Suresh R Shah & Associates for a second 5-year term up to the 2030 AGM. A special resolution seeks to re-appoint Mr. Pulkit Goenka as Managing Director for another 5 years (Oct 2025 to Oct 2030) with a salary of Rs. 2 lakh per month plus perquisites up to Rs. 50,000, capped at 5% of net profits. For FY25, the company reported total revenue of Rs. 50.34 crore (up 42.85% YoY from Rs. 35.24 crore) and net profit after tax of Rs. 30.22 lakh (up 40% from Rs. 21.60 lakh). No dividend has been recommended by the board for FY25.
The strong revenue and profit growth is positive for shareholders, though the absence of a dividend signals that the company is retaining earnings. Re-appointment of the existing MD and auditors signals continuity, with no major governance shake-up expected. The AGM agenda is largely procedural with no capital-raising or restructuring actions proposed.