annual report
Awaiting price reaction for this filing.
Pithampur Poly Products Limited submitted its annual report for FY2024-25 to BSE. Total income fell to Rs. 70.31 lakh from Rs. 81.39 lakh in the previous year, while net loss narrowed to Rs. (129.10) lakh from Rs. (166.07) lakh. No dividend has been declared given the weak financial performance. The 37th Annual General Meeting is scheduled for 30th September 2025 at the registered office in Pithampur, Madhya Pradesh. Key agenda items include reappointment of R.K. Tekriwal (Chairman & MD) and Meera Tekriwal (Director) for fresh 5-year terms, an increase in Meera Tekriwal's monthly salary from Rs. 40,000 to Rs. 60,000, and ratification of statutory auditors M/s Jain Gautam & Co. The secretarial auditor flagged that the company has had no business for over a year, has no employees (work handled by consultants), and is searching for a Company Secretary.
For shareholders, this is a routine annual filing but raises red flags — the company has had no business for over a year, continues to post losses, has no employees, and the promoter family is seeking reappointment with a salary hike. This suggests significant operational and going-concern concerns despite the loss narrowing year-on-year.