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Jumbo Bag Limited has submitted its 35th Annual General Meeting (AGM) notice and annual report for FY 2024-25, with the AGM scheduled for 4th September 2025 via video conferencing. Revenue grew 20.2% year-on-year to Rs. 12,672.49 lakhs (from Rs. 10,542.50 lakhs), while profit after tax nearly tripled to Rs. 323.71 lakhs (from Rs. 118.88 lakhs). The board has not recommended any dividend but plans to transfer Rs. 77.93 lakhs to general reserves. Key AGM agenda items include the regularisation of G.S. Srinivas (brother of Managing Director G.S. Anil Kumar) as a director and the appointment of M/s Lakshmmi Subramanian & Associates as secretarial auditors for a five-year term (FY 2025-26 to FY 2029-30). The company, which makes FIBC bulk packaging bags, continues its recovery from a major fire setback in 2013, with management noting improved profitability, debt reduction and stronger financial ratios.
Strong profit growth signals improving fundamentals and continued recovery, but the absence of a dividend means shareholders are not yet being rewarded with cash returns. The AGM items are largely routine, though the appointment of the MD's brother as director is a related-party matter shareholders should note.