Annual Report for F.Y.2024-25
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Deep Polymers Limited submitted its Annual Report for FY2024-25 along with the notice for its 20th AGM, scheduled for September 24, 2025 via video conferencing. Revenue from operations fell to Rs. 9,817.16 lakhs from Rs. 10,528.34 lakhs in the previous year, a decline of about 6.7%. Profit after tax dropped more sharply to Rs. 519.92 lakhs from Rs. 711.60 lakhs, down roughly 27%, which the company attributed to raw material price fluctuations. No dividend was recommended for the year, and no new equity shares were issued. The report also seeks shareholder approval to appoint Mr. Aryan Rameshbhai Patel (son of the Managing Director) as a non-executive director and to appoint M/s. Utkarsh Shah & Co. as secretarial auditor for five years.
Shareholders will see lower earnings with no dividend this year, and both top line and bottom line contracted meaningfully. The AGM resolutions include family-related director appointments that shareholders should review, though these are routine governance items.