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Agio Paper & Industries Ltd (BSE Scrip Code: 516020) has filed its 40th Annual Report for FY 2024-25, along with the notice for its AGM scheduled on September 25, 2025 in Kolkata. The company's paper factory at Bilaspur, Chhattisgarh has been shut since October 6, 2010 due to pollution control orders, and the business remains non-operational. Gross turnover collapsed to just Rs. 48,344 (from Rs. 31.82 lakh in the prior year), and the company reported a widened net loss of Rs. 1.58 crore versus a loss of Rs. 1.08 crore in FY24. The board has recommended no dividend, the company is debt-free, and management is exploring renewable energy options. The AGM will also consider re-appointment of three Independent Directors and appointment of M/s. Kirti Sharma & Associates as Secretarial Auditor for five years.
Shareholders should note that this is a non-operating, loss-making company whose only factory has been closed for over 14 years due to pollution issues. The AGM agenda is largely procedural (director re-appointments, auditor appointment), with no turnaround signals in the financials — the stock remains a high-risk, speculative name dependent on management's ability to restart operations or pivot to a new business line.