Pursuant to provisions of regulation 34(1) of the SEBI (LODR) Regulations, 2015. We are pleased to submit the 41st Annual Report for the year 2024-25 of the Company containing the Standalone ....
COMSYN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Commercial Syn Bags Limited has submitted its 41st Annual Report for FY2024-25 along with the notice for its Annual General Meeting scheduled on 29th September 2025 at 1:00 PM via video conferencing. The company reported its highest-ever turnover with standalone revenue at Rs. 34,161.10 Lakhs (up 19.63% YoY) and consolidated revenue at Rs. 34,781.95 Lakhs (up 20.59% YoY). Profit after tax surged nearly doubled — 91.79% on standalone and 117.87% on consolidated basis — aided by operating efficiency and contribution from associate Smartlift Bulk Packaging. The Board has recommended a dividend of Rs. 0.40 per share (4%) aggregating Rs. 159.81 Lakhs, compared to no dividend in the previous year. AGM resolutions also seek approval for director re-appointments, an increase in CEO/COO remuneration (from Rs. 6 lakh to Rs. 7.5 lakh per month), appointment of new secretarial auditors for five years, and related party transactions up to Rs. 100 Crores.
Record turnover, sharp profit growth, and the return of dividends after a nil payout last year are positive signals for shareholders. Investors should also note the proposed preferential warrants to promoters, increased managerial remuneration, and the Rs. 100 Crore related party transaction limit being put up for shareholder approval.