33rd AGM of the Company is scheduled to be held on 26.09.2025
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Midland Polymers Limited has filed the notice for its 33rd Annual General Meeting scheduled for Friday, 26 September 2025 at 11:00 a.m., to be held via video conferencing. The book closure period runs from 20 September to 26 September 2025, with the e-voting cut-off date set at 19 September 2025. Key items on the AGM agenda include adoption of FY25 audited financials, re-appointment of Managing Director Ms. Vanaja Veeramreddy, appointment of M/s. Nuren Lodaya and Associates as Secretarial Auditors for a 5-year term (FY26-FY30) at a proposed fee of Rs. 50,000 p.a., and appointment of Mrs. Mounika Pammi as Independent Director for 5 years. The annual report reveals continued weak performance, with nil revenue from operations in FY25 (vs Rs. 0.55 lakh in FY24) and a net loss widening to Rs. 14.77 lakh (vs Rs. 4.57 lakh loss in FY24). Notably, the company's trading suspension on BSE was revoked with effect from 28 November 2024, and reserves stood negative at Rs. (264.58) lakh. No dividend has been recommended for FY25.
This is a routine AGM-related disclosure, but shareholders should note the company's persistent losses, negative reserves, and zero operating revenue, which signal ongoing financial weakness. The revoked trading suspension and new auditor/director appointments are governance-related housekeeping matters rather than fundamental catalysts.