Meghmani Organics Limited has informed the Exchange regarding Notice of undefined to be held on Jun 28, 2025
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Awaiting price reaction for this filing.
Meghmani Organics has informed exchanges that its 6th Annual General Meeting will be held on Saturday, June 28, 2025 at 12:00 noon via video conferencing. The company has also submitted its Annual Report and Business Responsibility & Sustainability Report (BRSR) for FY 2024-25, which highlight a strong financial turnaround: revenue grew 30% year-on-year to ₹2,003.9 crore, EBITDA jumped to ₹180.4 crore from ₹9.5 crore, and the company swung back to a profit of ₹66.4 crore compared to a loss of ₹56.6 crore in FY24. The Crop Protection segment (72% of revenue) saw EBITDA rise 301% to ₹177.2 crore, while the Pigments segment turned EBITDA positive at ₹26.9 crore. Management has guided for 15-20% revenue growth and double-digit EBITDA margins in FY26, plans to reduce debt by ₹160 crore, and expects the recent anti-dumping duty on Chinese TiO2 imports to improve realisations from Q3 FY26.
Routine AGM notice and Annual Report filing with no immediate price action expected. The underlying FY25 turnaround numbers and positive FY26 guidance are constructive for shareholders, though the AGM will be the forum for shareholders to seek clarifications on the recovery story and future growth plans.