We wish to inform you that the 59th Annual General Meeting (AGM) of the Company will be held on Thursday, September 25, 2025 at 11:00 A.M. through Video Conferencing ('VC') / Other Audio- ....
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M M Rubber Company Limited has filed its 59th Annual Report for FY2024-25 and announced its AGM on September 25, 2025 at 11:00 AM via video conferencing. Revenue from operations rose modestly to Rs. 41.64 crore from Rs. 41.00 crore last year, but the company posted a net loss of Rs. 1.65 crore (reduced from Rs. 3.68 crore loss in FY24). Management cited intense competition from unorganized latex mattress makers and global players, plus steep latex raw material price hikes, as reasons for not raising product prices, which hurt margins. No dividend was declared. The company is exploring new revenue streams and is in discussions with automobile and tyre manufacturers. Shareholders will vote on adopting accounts, re-appointing Mr. Jacob Mammen, appointing M/s Sharvari Kulkarni and Associates as secretarial auditor for 5 years (remuneration Rs. 2.4 lakh p.a.), and regularizing appointments of two new independent directors — Mr. Rohan Kuriyan and Mrs. Roshin Varghese — each for a 5-year term.
Investors should note another year of losses and no dividend, though the loss has narrowed significantly from the previous year. Diversification into automobile and tyre segments is a positive strategic move but is still exploratory, so near-term recovery depends on margin improvement in the core mattress business. The new director appointments and auditor change are routine governance matters requiring shareholder approval at the AGM.