Proceeding of 40th Annual General Meeting of the Company held on 27th September 2025 at 09:30 A.M
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AMS Polymers held its 40th AGM on September 27, 2025, starting at 9:30 AM and ending at 10:45 AM, with the required quorum present. Eight business items were transacted, including adoption of audited financial statements for FY ending March 31, 2025, re-appointment of Mr. Anand Kumar (DIN: 01381489) as a retiring director, and filling a casual vacancy in the statutory auditor position caused by the previous auditor's resignation. A new statutory auditor was also appointed for the period up to the next AGM, along with the appointment of Secretarial Auditors for a five-year term. A Special Resolution was passed authorising the Board to borrow up to Rs. 20 Crores under Section 180(1)(c). Additionally, shareholders approved related party transactions and a revision in the Managing Director's remuneration terms. E-voting closed on September 26, 2025, and remaining shareholders voted via ballot papers during the meeting.
Shareholders should note a change in statutory auditors (due to resignation), an expanded borrowing limit of Rs. 20 Crores which could increase the company's debt capacity, and revised remuneration for the Managing Director — these are governance and capital structure updates with potential implications for future financials and related-party dealings.