Notice of 08th Annual General Meeting for FY 2024-25
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Awaiting price reaction for this filing.
AIK Pipes and Polymers has called its 8th AGM on Monday, 29th September 2025 at 2:00 PM via video conferencing, along with the Annual Report for FY 2024-25. The AGM will consider three items: adopting the audited FY25 financial statements, re-appointing Executive Director Mr. Ajayraj Singh Khangarot (who retires by rotation), and appointing M/s H Khandelwal & Associates as Secretarial Auditor for a 5-year term (FY26-FY30) at Rs. 2.40 lakh per year. The embedded financial highlights reveal a sharp business slowdown — revenue from operations fell to Rs. 2,509.70 lakhs from Rs. 3,727.25 lakhs (down ~33%), while net profit after tax dropped to Rs. 127.65 lakhs from Rs. 341.16 lakhs (down ~63%), with basic EPS at Rs. 2.01 versus Rs. 6.69 last year. The Board has not recommended any dividend for FY25, citing the need to strengthen working capital reserves.
Routine AGM compliance filing, but the underlying FY25 numbers are weak — both topline and bottomline have shrunk substantially versus FY24, which existing shareholders should note. The absence of a dividend and lack of any positive business surprise in the AGM notice may not provide a sentiment boost to the stock, though full AGM day reactions will depend on management commentary during the meeting.