33rd AGM of the Company is scheduled to be held on 26.09.2025
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Midland Polymers Limited has scheduled its 33rd AGM on Friday, September 26, 2025, at 11:00 a.m. through video conferencing (VC/OAVM), with the book closure period running from September 20 to September 26, 2025 and e-voting open from September 23 to September 25, 2025. Shareholders will consider adopting the FY25 audited financials, re-appointing Managing Director Ms. Vanaja Veeramreddy (who retires by rotation), appointing M/s. Nuren Lodaya and Associates as Secretarial Auditors for a 5-year term (FY26–FY30) at Rs. 50,000 per year, and approving Mrs. Mounika Pammi as an Independent Director for 5 years (Aug 2025 to Aug 2030). On the financial side, the company reported zero revenue from operations in FY25 (vs Rs. 0.55 lakhs in FY24) and widened its net loss to Rs. 14.77 lakhs (from Rs. 4.57 lakhs), with negative reserves of Rs. 264.58 lakhs. No dividend has been recommended, and the company's trading suspension was revoked on November 28, 2024.
For shareholders, this is a routine AGM with no positive business news — zero revenue, rising losses, negative reserves, and no dividend suggest the company remains in financial stress despite the resumption of trading. The resolutions are largely procedural (auditor change, independent director appointment), with no signals of a turnaround or new business activity.