Annual Report for the year 2024-25 - Regulations 30 and 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mysore Petro Chemicals has filed its 55th Annual Report for FY 2024-25 and the notice for its 55th Annual General Meeting, scheduled for Thursday, 14th August 2025 at 3:00 p.m. via video conferencing. Total revenue rose modestly to ₹4,642.59 lakhs from ₹4,206.43 lakhs in the previous year, but the company swung to a net loss of ₹766.47 lakhs versus a profit of ₹916.29 lakhs in FY24, mainly due to a 100% impairment of its investment in subsidiary Q C Polymer Limited after losing control in October 2024. EPS turned negative at ₹(11.64) compared to ₹13.92 earlier. The Board has recommended a dividend of ₹2 per share (20%), with a total payout of ₹131.67 lakhs. Key board changes include the demise of former Chairman Shri M M Dhanuka in April 2025, appointment of Dr. Vaijayanti Pandit as new Chairperson, and addition of Shri Umang Dhanuka as Non-Executive Director, subject to shareholder approval at the AGM.
Negative: Despite revenue growth, the company posted a significant net loss and negative EPS due to subsidiary impairment, which may weigh on the stock. Positive offset: dividend of ₹2/share has been maintained. Shareholders should watch AGM voting items including the appointment of new director and secretarial auditor.