Notice of 40th Annual General Meeting of the Company
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AMS Polymers Limited has issued notice for its 40th AGM to be held on Saturday, September 27, 2025 at 09:30 AM at its registered office in Pitampura, Delhi. Key agenda items include adoption of FY25 audited financials, re-appointment of Mr. Anand Kumar as Director, appointment of M/s Roshan Agarwal & Associates as new Statutory Auditor (replacing M/s KVA & Co. who resigned due to expired peer review certificate), appointment of M/s Kundan Agarwal & Associates as Secretarial Auditor for 5 years, and approval of related party transactions with Annu Industries (up to Rs 100 Cr), Shreshtha Securities (up to Rs 10 Cr), and AMS Specialities (up to Rs 50 Cr). The meeting will also seek shareholder approval to raise the Board's borrowing limit to Rs 20 Crores under Section 180(1)(c), and to revise the Managing Director's remuneration from NIL to up to Rs 60 Lakhs per annum. E-voting window is open from September 24-26, 2025 with cut-off date of September 20, 2025. For context, the company reported FY25 net sales of Rs 100.96 crore (up from Rs 83.71 crore) and profit after tax of Rs 77.02 lakh (up from Rs 60.82 lakh).
Shareholders will vote on several significant items including enhanced borrowing powers (Rs 20 Cr limit), substantial related party transaction limits (totalling up to Rs 160 Cr aggregate), and a revised remuneration package for the Managing Director. Auditor change from KVA & Co. to Roshan Agarwal & Associates is due to compliance issues with the previous firm, which may warrant investor attention. Overall the agenda is largely procedural with financial performance showing modest improvement.