Notice of 40th Annual General Meeting of the Company along with Annual Report for F.Y. 2024-25
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Machino Plastics has called its 40th AGM on Saturday, 27th September 2025 at 10:30 AM via video conferencing. Key items on the agenda include adopting the FY24-25 financial statements, re-appointing directors Mr. Aditya Jindal and Mr. Sanjiivv Jindall (who retire by rotation), re-appointing both as Chairman/MD and Whole-Time Director for 3 years from April 2026 (with a basic salary of ₹5 lakh/month plus 1% profit commission each), appointing M/s A K & Associates as secretarial auditor for 5 years, and inducting Ms. Sarika Marwaha as an Independent Woman Director. Shareholders will also vote on material related-party transactions with Maruti Suzuki India and Suzuki Motor Corporation — proposed sales of ₹50,000 lakh to MSIL in FY25-26, up from ₹32,940 lakh in FY24-25. Financial highlights show strong growth: total income rose 15% to ₹38,885 lakh, profit after tax more than doubled to ₹855.61 lakh, and EPS climbed to ₹13.94 from ₹6.02.
Strong FY25 results — income up 15%, PAT more than doubling, and EPS jumping from ₹6 to ₹14 — signal a turnaround after years of losses (FY20-22 were loss-making). The proposed sharp increase in related-party sales to Maruti Suzuki confirms heavy customer concentration, which is both a growth driver and a risk worth tracking. Director re-appointments and remuneration are largely procedural.