31ST AUDITED ANNUAL REPORT FOR THE YEAR ENDED 31/03/2025 ATTACHED ALONG WITH NOTICE FOR AGM
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Ashish Polyplast Ltd has submitted its 31st Audited Annual Report for the financial year ended 31 March 2025 along with the notice for its 31st Annual General Meeting (AGM) scheduled for 27 September 2025 via video conferencing. For FY 2024-25, the company's sales turnover stood at Rs. 1,601.44 lakhs, a marginal increase of about 0.46% from Rs. 1,594.13 lakhs in the previous year. Net profit after tax dropped sharply to Rs. 23.62 lakhs from Rs. 83.27 lakhs in the prior year. Profit before depreciation and tax (PBDT) also fell to Rs. 67.11 lakhs from Rs. 125.92 lakhs. The Board has not recommended any dividend for the year, citing the need to strengthen long-term resources. Key AGM business items include adoption of audited financial statements, re-appointment of Chairman & MD Ashish Panchal (who retires by rotation), regularization and appointment of Mr. Shrikant Kodarlal Priydarshi as Independent Director for a 5-year term, and appointment of M/s. Kamlesh M. Shah & Co. as Secretarial Auditors for 5 consecutive years from FY 2025-26 to FY 2029-30.
The sharp fall in net profit (down ~72% year-on-year) despite stable revenue signals margin pressure and is a negative signal for shareholders. The absence of a dividend and no major business expansion announcements may temper investor enthusiasm.