Annual Report for the Financial Year 2024-25 is attached.
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Synthiko Foils Limited has submitted its Annual Report for FY 2024-25 to BSE and announced its 40th Annual General Meeting on September 29, 2025 at 4:00 PM via video conferencing. The AGM notice covers 13 business items, including adoption of financial statements, appointment of new statutory auditor M/s. Mehra Goel and Company for five years, and ratification of multiple new directors appointed in June 2025 (Mr. Abhishek Narbaria as Managing Director, two Independent Directors, and two Non-Executive Directors). The notice also seeks shareholder approval for a share consolidation (every 2 equity shares of Rs. 5 each into 1 share of Rs. 10), a major increase in borrowing limit under Section 180 to Rs. 1,500 Crores, authority to give loans/investments up to Rs. 1,500 Crores under Sections 185 and 186, and shifting of the registered office from Jawhar (Thane) to Pune. The board saw significant churn with several directors, including the previous Chairman and Whole-Time Director, resigning in August 2025.
The share consolidation will halve the number of outstanding shares while doubling face value, leaving total shareholder value unchanged on paper but often improving market perception. The proposed borrowing limit of Rs. 1,500 Crores is extraordinarily large compared to the company's current paid-up capital of just Rs. 1 crore, signaling potential major expansion, acquisitions, or debt-funded plans ahead. Combined with the registered office shift and near-complete board overhaul, this points to a significant strategic restructuring that shareholders should monitor closely at the AGM.