Submission of Integrated Annual Report for the Financial Year 2024-25 along with the Notice of 40th Annual General Meeting (''AGM'') of AMS Polymers Limited (''the Company'')
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AMS Polymers Ltd filed its Annual Report for FY2024-25 along with the notice convening its 40th AGM on 27 September 2025 at its registered office in Delhi. For FY25, the company reported Net Sales of Rs. 100.96 crore (up from Rs. 83.71 crore in FY24) and Profit After Tax of Rs. 77.02 lakh (up from Rs. 60.82 lakh). The AGM agenda covers adoption of audited financials, re-appointment of Managing Director Mr. Anand Kumar (retiring by rotation), and filling the casual vacancy left by statutory auditor M/s KVA & Co, which resigned after its peer review certificate expired on 30 June 2025, with M/s Roshan Agarwal & Associates proposed as the new statutory auditor for one year. Shareholders will also vote on appointing M/s Kundan Agarwal & Associates as secretarial auditor for five years (FY26–FY30), approving related party transactions up to Rs. 160 crore annually across three related entities, authorising the board to borrow up to Rs. 20 crore, and revising the Managing Director's remuneration to up to Rs. 60 lakh per year (currently NIL).
Standard governance filing ahead of the AGM — the auditor change is procedural and driven by a peer-review lapse at the previous firm. Improved FY25 revenue (~21% growth) and PAT (~27% growth) are modestly positive signals, while the proposed related party transaction limits and Rs. 20 crore borrowing cap are largely routine enabling resolutions requiring shareholder approval.