Notice of 35th AGM For F.Y 2024-25
Awaiting price reaction for this filing.
Advance Syntex Limited (BSE: 539982), a manufacturer and exporter of glitter powder and metallised polyester films based in Vadodara, has filed the notice for its 35th AGM scheduled for 30th September 2025 at 2:00 PM via video conferencing. The AGM will consider three ordinary business items: adoption of audited financials for FY24-25, re-appointment of Mr. Praful Ramanlal Pandya as a non-executive director retiring by rotation, and appointment of M/s VRAJM & Associates as statutory auditors for a 5-year term. The Board's Report reveals the company carried no business operations during FY24-25, with revenue from operations at nil (versus ₹74.62 lakh in FY24) and a net loss of ₹18.42 crore (versus a ₹6.23 crore loss in FY24). No dividend has been proposed and there are no transfers to reserves. Book closure runs from 23rd to 29th September 2025, with remote e-voting window from 27th to 29th September 2025.
This filing highlights serious financial distress — a small-cap BSE-listed company with zero operating revenue, widening losses, and no dividend. Shareholders should note the lack of any business activity during the year and the substantially larger exceptional-item-driven loss, which may weigh on investor confidence in the stock.